Why No De Novo Banks? Math.
Jeff For Banks
AUGUST 1, 2016
The concept was new, and growth was projected to be robust, albeit not off the charts. The FDIC required the bank to raise $20 million in capital, a tidy sum back in the 1990’s when banks got started with less than half as much. Yet they are also requiring high levels of capital. But that capital comes from somewhere.
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