By Banking Dive Staff | Published September 22, 2026 In a significant development for the central Florida financial landscape, Portrait Bank officially opened its doors this past Saturday in Winter Park. The launch marks a historic milestone for the region: it is the first de novo—a newly chartered bank—to emerge in central Florida in nearly…
NEW ORLEANS, LA — In a milestone that signals both a shift in the local economic landscape and a resurgence of community-focused finance, Nola Bank has officially opened its doors for business. As the first de novo—a brand-new, independent bank—to launch in the New Orleans market in 16 years, the institution represents a rare success…
Main Facts The American banking landscape is undergoing a profound structural contraction, driven not by a wave of systemic collapses or a sudden surge in bank mergers, but by a near-total drought in new market entrants. Before the financial crisis of 2008, new banks—known in regulatory parlance as de novo institutions—routinely entered the United States…
For the first time in nearly two decades, the skyline of Pittsburgh’s financial district is bracing for a new tenant that represents a rare breed in the modern banking landscape: a de novo community bank. Brian Tabb, a former senior executive at BNY (formerly BNY Mellon), has officially filed applications with federal regulators to establish…
