In recent months, at least eight groups have filed applications with the FDIC for de novo (new) banks. bank playerstalk.de In the last. Over the last 12 months, stakeholders in the banking industry have produced a vast amount of opinions and related literature regarding the. Since , there have only been 21 de novo bank applications filed, and only eight community bank de novos chartered. Seeing that the FDIC.
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For state banks, the rule is a de novo bank is a state bank that has been in operation for five years or less. About Us Advertise Contact Us Contribute White Papers. Is Now the Right Time? Those initiatives cannot, and need not, impair standard business processes. From Wikipedia, the free encyclopedia. This remains true when selecting the de novo bank's chief executive officer and chief credit officer. What is a de novo bank for state banks?