#bank formation

1 story

#bank consolidation #capital requirements #community banks #cornerstone community bank #de novo banks #fdic #kentucky #main street capital access act #occ #regulatory reform #rural banking

New community banks need $20 million just to start
After a 90% collapse in new bank applications post-2008, regulators see renewed interest but founders face steep capital requirements and regulatory hurdles.
Pymnts · 2m