New Bank Activity Has Dropped to Lowest Level in 2 Years

No new bank applications have been filed with the FDIC since the end of December, which is the longest drought in two years; raising the required amount of capital and a challenging environment has given pause to groups looking to start a bank; “I believe this reality has given pause to investors who were considering starting a new bank,” said Bob Newman, a bank consultant at Chatham Financial, to American Banker; the FDIC has tried to create a new environment to make groups interested in starting a bank but the number of applications has not taken off; “We’re not going to see the number of de novo formations that we saw in recent years, but there will be more in certain markets,” Lee Bradley, Senior Managing Director at Community Capital Advisors Bradley, said to American Banker. “I’m still a believer that community banks play a vital role nurturing and growing capitalism.” American Banker

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]