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In This List

De novo banks class of 2019 — Ohio-based Riverside Bank of Dublin files

Financial Plumbing Prone To Clogging Amid Bank Liquidity Trap

New York Fed Increases Planned Repo Purchases Amid Quarter-End Demand For Cash

Fed Poised To Relax Key Rules For Large Banks

FOMC Minutes Give Few Clues On Next Rate Cut, Flag 'Clearer' Downside Risks


De novo banks class of 2019 — Ohio-based Riverside Bank of Dublin files

Dublin, Ohio-based Riverside Bank of Dublin filed to form a new bank on Oct. 15, marking the 15th de novo application of 2019.

This is the first application in Ohio this year. In April, Bexley-based Ohio State Bank began operations in the state after having its application approved in November 2018.

According to Riverside's application, the startup will focus on individuals and small- and medium-sized businesses. Mark Kelly is the proposed chairman of the board while William Daily Jr. will lead the bank as CEO.

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Recent events

Oct. 9: Hialeah, Fla.-based OUR Community Bank filed for a state bank charter with the Federal Deposit Insurance Corp. - Application

According to the application, the bank will focus on small-business owners, predominantly in the Hispanic and immigrant communities in low- and moderate-income parts of Hialeah, Miami and Homestead, Fla.

Sept. 26: Houston-based Gulf Capital Bank's state bank charter application was approved. - Application

Sept. 23: Chicago-based FWBank filed for a state bank charter with the FDIC. - Application

Former JPMorgan Chase & Co. executive Amy Fahey will serve as the board chair, while Marianne Markowitz will lead the company as CEO. Markowitz was previously acting director of the Small Business Administration under President Barack Obama.

Aug. 23: Johns Creek, Ga.-based Loyal Trust Bank's state bank charter application was approved. - Application

Aug. 22: Washington, D.C.-based Founders Bank's filed for a state bank charter with the FDIC. - Application

Martin McCarthy, will serve as the president and CEO of Founders, which aims to be "a bank of choice" for small- to mid-sized companies, according to the application. McCarthy was previously senior vice president at Rockville, Md.-based Revere Bank.

Aug. 14: Ocala, Fla.-based Silver River Community Bank's state bank charter application was approved. - Application

Aug. 6: McLean, Va.-based VisionBank withdrew its FDIC application. - Application

July 30: Nashua, N.H.-based Millyard Bank state bank charter application was approved. - Application

July 5: Hollywood, Fla.-based Coastal Community Bank refiled its application with the FDIC on July 5 and with the Office of the Comptroller of the Currency on July 23.

June 21: Greensboro, N.C.-based Triad Business Bank filed for a state bank charter with the FDIC. - Application

Ramsey Hamadi will lead the company as CEO and CFO. The executive was CFO of Greensboro-based NewBridge Bancorp and Saint Louis, Mo.-based Pulaski Financial Corp. between 2001 and 2016. He most recently was chief strategic officer of Richmond, Va.-based Bay Banks of Virginia Inc., according to S&P Global Market Intelligence data.

May 31: Columbia, Md.-based NXG Bank filed for a state bank charter with the FDIC. - Application

Lori Bettinger, who was deputy director of the U.S. Treasury's TARP Capital Purchase Program, is the proposed chair, while William Knott will be president and CEO. According to the application, Knott has more than 35 years of banking experience and most recently was CEO of Baltimore-based CFG Community Bank.

May 8: Houston-based Gulf Capital Bank filed for a state bank charter with the FDIC. - Application

Ed Jones will be chairman and CEO. Jones was chairman and CEO of Texas Commerce Bank-Midland NA for 16 years, according to the application. He spent four years managing JPMorgan Chase & Co.'s commercial banking department for the Houston market.

Jones also co-founded Midland, Texas-based Elk River Resources LLC, a company that acquires and develops oil and gas assets. He has worked at Torch Partners LLC, a boutique investment bank based in Houston.

May 2: Tucker, Ga.-based Tandem Bank's state bank charter application was approved. - Application

April 23: Stamford, Conn.-based Nexos National Bank withdrew its application for a national bank charter. - Application

April 10: St. George, Utah-based Bank of St. George filed for a state bank charter with the FDIC. - Application

Bruce Jensen will be CEO and has more than 40 years of banking experience, according to the application. This will be Jensen's second de novo, having previously been president and CEO of St. George-based Town & Country Bank Inc. until it was sold to American Fork, Utah-based People's Utah Bancorp on Nov. 13, 2017.

March 18: Great Falls, Va.-based Trustar Bank filed for a state bank charter with the FDIC. - Application

Joseph Bracewell will be chairman, while Shaza Andersen will be CEO. Andersen founded and was CEO of Reston, Va.-based WashingtonFirst Bank, a wholly owned subsidiary of WashingtonFirst Bankshares Inc., before it was acquired by Olney, Md.-based Sandy Spring Bancorp Inc. on Jan. 1, 2018. Andersen recently was vice chair of the board of Sandy Spring Bank. Bracewell was chairman of WashingtonFirst from its founding in 2004 until it was acquired by Sandy Spring.

March 11: Johns Creek, Ga.-based Loyal Trust Bank filed for a state bank charter with the FDIC. - Application

Rose Jarboe is the proposed bank chairman, while Charles Brown will be president and CEO. Brown was founding chairman and CEO of Sarasota, Fla.-based Insignia Bank until it was sold to Pompano Beach, Fla.-based Stonegate Bank in 2017. Stonegate Bank was ultimately acquired by Conway, Ark.-based Home BancShares Inc. the same year.

March 4: Key West, Fla.-based Gulf Atlantic Bank filed for a state bank charter with the FDIC. - Application

According to the application, of the 10 banks operating 26 branches in Gulf Atlantic's service areas of Key West and Stock Island, Fla., only one is a Florida-chartered institution.

Feb. 14: Wilmington, Del.-based Glenmede Trust Co. of Delaware NA filed for a national bank charter with the OCC.

Feb. 8: Wilmington, Del.-based ADP Trust Co. NA's national bank charter received OCC approval.

Feb. 6: Monroe, N.C.-based American Bank & Trust's state bank charter application was approved. - Application

Jan. 22: Washington, D.C.-based MOXY Bank's state bank charter application was approved. - Application

Jan. 9: Ocala, Fla.-based Silver River Community Bank filed for a state bank charter with the FDIC. - Application

Jon Kurtz will be chairman and CEO. Kurtz was president and CEO at another Ocala-based bank, Alarion Financial Services Inc., which was acquired by Albany, Ga.-based Heritage Financial Group Inc. in 2014. Heritage Financial was later acquired by Tupelo, Miss.-based Renasant Corp. in 2015.

Jan. 4: Tucker, Ga.-based Tandem Bank filed for a state bank charter with the FDIC. - Application

Charles DeWitt will be chairman and CEO. Dewitt previously was president and CEO at Tucker, Ga.-based Resurgens Bancorp before it was acquired by West Point, Ga.-based Charter Financial Corp. in September 2017. Charter Financial was then acquired by Winter Haven, Fla.-based CenterState Bank Corp. in September 2018.

To view S&P Global Market Intelligence's Banks in Organization page, click here.