32. De Novo Banks – after a drought of new bank openings after the Great Recession, a few de novo banks are once again starting each year.

De novo banks are small startup banks typically formed to serve a particular community or underserved niche of the market.  They typically need to raise $20 million or more in investor capital before being approved to obtain FDIC insurance and start doing business.

Investors like the adding oversight and scrutiny that bank regulators place on the management of the bank.  The idea of opening a bank that could grew and perhaps one day be acquired by a larger bank appeals to some investors.

Texas Capital Bank had the largest fundraising of any de novo bank in US history when it started in 1999 with almost $80M raised.

Pages ( 32 of 150 ): « Previous1 ... 3031 32 3334 ... 150Next »