In an era of soaring interest rates and intense competition, fintech firms are increasingly deciding they need to become banks to ensure their longterm survival. They’re also finding that doing so isn ...
On October 15, the OCC announced it had granted conditional approval for an application to charter a new bank, making it the first de novo bank application to receive preliminary conditional approval ...
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. The Office of the Comptroller of the Currency said ...
UPDATE: This article includes additional information from Steven Chang. When Steven Chang, a Palo Alto, California, neurosurgeon, began assembling a group to found a bank in nearby Los Altos, the aim ...
Numisma Bank, a de novo uninsured currency transaction bank backed in part by former vice chair for supervision at the Federal Reserve Randal Quarles, has received preliminary approval for a Fed ...
This is the first in a series of articles in our "So, You Want to Be a Bank?" series. More than 1,000 new banks were formed in the eight years before the Great Recession began in 2008. In comparison, ...
Which business bank is best for you Novo or North One? This video breaks down the top two digital banking options for small businesses, comparing pricing, features, and perks. Learn why Novo may come ...
The founders of New Canaan Bank wanted to launch a new branch at 208 Elm St., in New Canaan, in a former Bankwell Financial branch. Organizers are trying to launch a new commercial bank in Fairfield ...