Amid growing interest among investors and bankers in de novo bank charters, ABA Chairman Ken Burgess convened a banker task force to identify current obstacles to de novo formation and recommend solutions.
Browsing: De novo banks
Giving her first public remarks since becoming FDIC chairman two weeks before, Jelena McWilliams today previewed several elements of her agenda at an industry conference in Washington, D.C.
“Do you really think I could do this?” the aspiring entrepreneur asks Patti Husic. She offers encouragement, understanding the value of imagination and inspiration in helping small businesses launch and grow.
Pilot Bank in Tampa, Fla., is a full-service $305 million community bank with a unique wing: private aircraft finance.
The FDIC said today that it will begin using electronic fingerprints in background checks where required for applications for federal deposit insurance, replacement of board members and senior management and other procedures.
What keeps Frank Sorrentino up at night? It’s the question of culture — maintaining “the same level of entrepreneurial spirit in the company as the company continues to grow,” says Sorrentino on the latest episode of the ABA Banking Journal Podcast.
On the latest episode of the ABA Newsbytes Podcast, Jeffrey Ball — president and CEO of Friendly Hills Bank, Whittier, Calif. — discussed several emerging issues in public policy — including banks’ role in financial innovation and protecting consumers, as well as the increasingly urgent need to address banking marijuana-related businesses.
On the latest issue of the Newsbytes Podcast, guests Brittany Kleinpaste and Monica C. Meinert discuss the ongoing macro-trend of bank consolidation — why it’s happening, how it’s accelerated over the past decade and what strategies banks are employing to determine their own destiny.
The FDIC has approved eight applications for deposit insurance in the past year — a number of de novo approvals exceeding the total of new charters granted from 2010 to 2016 — said FDIC Chairman Martin Gruenberg in Springfield, Ill., today