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FDIC's Gruenberg to discuss updated provisions for de novos April 6

FDICChairman Martin Gruenberg will discuss updated provisions related to de novo banksat a conference hosted by the agency April 6, FDIC spokesperson Julianne Breitbeilconfirmed.

De novo banks have become sparse since the financial crisis. None had opened betweenthe beginning of 2011 and November 2013, when Bird in Hand, Pa.-based ended the drought.Earlier this year Blue Gate Bankin Costa Mesa, Calif. to form a de novo.