ABA endorses bill to encourage de novo bank formation
ABA this week expressed its support for a House bill to boost the formation of de novo banks.
Browsing: De novo banks
Rep. Barr reintroduces ABA-backed bill to encourage de novo bank formation
To help expand access to banking services and promote financial inclusion, Rep. Andy Barr (R-Ky.) last week introduced H.R. 758, which would establish a three-year phase-in period for new banks to comply with federal capital standards and provide relief for de novos in rural communities.
Podcast: The community bank M&A outlook for 2023
As the end of the year draws near, banking journalist and analyst Paul Davis joins the ABA Banking Journal Podcast to discuss the bank mergers and acquisitions outlook for 2023.
Podcast: Making the move from a stock bank to a mutual
After spending more than a quarter century in de novo commercial banks, Dave Hanrahan made a career move to a mutual savings bank, and he hasn’t looked back.
Crypto, Stablecoins Top Rep. Waters’ Agenda for 2022
The House Financial Services Committee will increase its focus on cryptocurrencies, including stablecoins, in 2022, Committee Chairwoman Maxine Waters (D-Calif.) told attendees of the ABA Washington Summit today.
Bowman: Regulatory Framework Must Not Constrain New Bank Formation
In a recent speech, Federal Reserve Gov. Michelle Bowman addresses the lack of new bank formations in the last decade and what can be done to encourage more de novo banks.
ABA Supports Bill to Study Challenges Faced by Prospective De Novos
In a letter sent ahead of a House Committee on Financial Services markup tomorrow, the American Bankers Association expressed support for H.R. 4590, the Promoting New and Diverse Depository Institutions Act, introduced by Rep. Jake Auchincloss (D-Mass.).
ABA Supports Bill to Encourage De Novo Bank Formation
The American Bankers Association today submitted a letter of support for H.R. 2561, the Promoting Access to Capital in Underbanked Communities Act of 2021, which would establish a three-year phase-in period for new banks to comply with federal capital standards, among other provisions designed to promote de novo banking.
Rep. Barr Introduces ABA-Backed Bill to Encourage De Novo Bank Formation
To help expand access to banking services and promote financial inclusion, Rep. Andy Barr (R-Ky.) last week introduced H.R. 2561, the Promoting Access to Capital in Underbanked Communities Act of 2021, which would establish a three-year phase-in period for new banks to comply with federal capital standards, among other provisions designed to promote de novo formation.
Podcast: Crafting a New Bank Amid COVID-19
When the coronavirus pandemic began, Craft Bank was just about to begin its capital raise as a de novo community bank in Atlanta. With its roadshow about to begin, CEO Ross Mynatt and his small team threw out the playbook and began pivoting.