Photo courtesy of Ron Cogswell on Flickr. De Novo Banks Started a Come Back in 2017-2018 Only 2 De Novos opened between 2011 and 2016. In early 2017, 5 De Novos opened. In May 2017, 2 more De Novos opened. North Carolina alone has 5 groups planning new banks. Other pending applications w/ the FDIC…
Beacon Community Bank was officially granted a bank charter from the South Carolina Board of Financial Institutions and deposit insurance from the FDIC. The bank opened this morning at its permanent location at 578 East Bay Street in downtown Charleston, SC. The chairman of the board is Tommy Baker, a well-known auto dealer in…
On May 6th, with shares trading at $13.25, we wrote the article “Bank of Napa is Ripe for a Takeover“. On August 1st, Bank of Marin (NASDAQ: BMRC) announced they were buying Bank of Napa (OTCBB: BNNP) in a $51 million stock swap, which works out to $20.25 per share of BNNP. The match…
