Good News for De Novos
New banks, which have been scarce lately, will see their probation period of heightened regulatory scrutiny slashed from seven years to three years, under a new plan from the FDIC. According the ICBA, an average of 100 new banks were formed each year since 1990. But since 2011, just two de novos were approved. Anybody up for starting a new bank? [4/7/16]


