De novo bank tracker
Updated 2026-11-02 · Free to cite with attribution to RAVEN (reportraven.tech)
Who is starting a bank, where, with how much capital, and what technology. De Novo Watch tracks deposit insurance applications, conditional approvals, charters, and openings, from FDIC filings, state regulator records, and organizer announcements, and pairs the filings with FDIC call-report analysis of the markets these banks are entering.
| Bank | Location | Status | Capital | Technology signals | Coverage |
|---|---|---|---|---|---|
| New South Bank Proposed chairman and CEO Kennard Page; proposed president and CFO Thomas Welsh | Tampa, FL (Hillsborough County) | Conditional approval FDIC application notice published Apr 22, 2026. Florida OFR conditional approval Sept 1, 2026; FDIC deposit insurance approved with conditions Sept 28, 2026. The FDIC approval expires if insurance is not effective within one year. Verified 2026-11-02 | FDIC requires at least $25M initial paid-in capital (offering of 2.5M shares at $10) | – | Deep dive |
| Glades Bank and Trust Led by former Amerant executive Howard Levine | Plantation, FL (Broward County) | Application pending FDIC deposit insurance application received June 2, 2026; still pending on the FDIC list as of Oct 27, 2026. The bank says it plans to launch in the first quarter of 2027, pending regulatory approval (CSI/Apiture release, Oct 13, 2026). Verified 2026-11-02 | Reportedly raising $45M | Vendors named unusually early: CSI NuPoint core and Apiture digital and business banking (including treasury management), announced Oct 13, 2026 while the application is still pending. gladesbank.com registered Oct 9, 2025, eight months before filing. | Deep dive |
| Stark Bank, N.A. | Miami, FL | Application pending OCC national bank charter application filed July 15, 2026; FDIC deposit insurance application received Aug 10, 2026; pending as of Oct 27, 2026. Verified 2026-11-02 | – | U.S. arm of Brazilian API-first business banking fintech Stark Bank. Filings describe a fully digital, business-only bank: treasury management, payments, corporate cards, merchant acquiring, business loans. No consumer products. | – |
| Itaú Bank, National Association Proposed U.S. CEO Percy Moreira, head of Itaú's international private bank | Miami, FL | Application pending FDIC deposit insurance application received Mar 16, 2026; pending as of Oct 27, 2026. OCC preliminary conditional approval Aug 14, 2026 (Corporate Decision #1386); Federal Reserve and FDIC approvals still required. Single Miami location serving Brazil- and Latin America-linked high-net-worth clients. Verified 2026-11-02 | OCC requires at least $507M at launch | – | – |
| Sezzle Bank, National AssociationUpdated | Las Vegas, NV | Application pending FDIC deposit insurance application received Oct 22, 2026; pending as of Oct 27, 2026. Sezzle announced its OCC national bank charter application the same day and expects the OCC, Federal Reserve and FDIC reviews to take 12 to 18 months (Banking Dive, Oct 23, 2026). Planned checking and savings accounts for digitally native consumers. Verified 2026-11-02 | – | Fintech parent: Minneapolis buy now, pay later lender Sezzle. It first sought a Utah industrial loan company license and switched to a national charter after new BNPL rules in New York, Illinois and Oregon (Banking Dive, Oct 23, 2026). | – |
| Upstart Bank, National Association Proposed CEO Annie Delgado, Upstart chief risk officer | Wilmington, DE | Application pending FDIC deposit insurance application received Mar 25, 2026; pending as of Oct 27, 2026. OCC preliminary conditional approval July 23, 2026 (Corporate Decision #1382). A fully digital consumer lender making unsecured personal, house-secured and auto-secured loans, funded at first through brokered and placement-network deposits. Verified 2026-11-02 | OCC requires at least $404.1M, a 12% tier 1 leverage ratio and a 15% total risk-based ratio for three years | Fintech parent: Upstart Network moves its existing lending operations into the bank. | Deep dive |
| Revolut Bank US, N.A. | Stamford, CT | Application pending FDIC deposit insurance application received Mar 5, 2026; pending as of Oct 27, 2026. OCC preliminary conditional approval Sept 2, 2026 (Corporate Decision #1390), excluding the retail foreign exchange business, which needs separate sign-off. Revolut targets a 2027 launch. Verified 2026-11-02 | OCC requires at least $95M and a 10% tier 1 leverage ratio for three years | Fintech parent: Revolut serves U.S. customers through partner banks today. | Deep dive |
| OpenReserve Bank, National Association | Salt Lake City, UT | Application pending FDIC deposit insurance application received Apr 13, 2026; pending as of Oct 27, 2026. OCC preliminary conditional approval Sept 2, 2026 (Corporate Decision #1389). Deposit and lending products with tokenized deposits, payments, treasury, digital asset services and a banking-as-a-service platform; no branches. Verified 2026-11-02 | OCC requires at least $210M and a 12% tier 1 leverage ratio | Plans a stablecoin-issuing subsidiary; that application had not been filed as of the OCC decision. | Deep dive |
| Mission Lane Bank, National Association | Richmond, VA | Application pending FDIC deposit insurance application received Apr 20, 2026; pending as of Oct 27, 2026. OCC preliminary conditional approval Sept 25, 2026 (Corporate Decision #1394) for a credit card bank under the Competitive Equality Banking Act, focused on subprime credit cards. Mission Lane will move its card program to the bank over three years. Verified 2026-11-02 | OCC requires at least $35M and an 11% tier 1 leverage ratio for three years | Fintech parent: card programs currently issued through partner banks TAB Bank and WebBank (Banking Dive, Sept 28, 2026). | Deep dive |
| Nubank, National Association Co-founder Cristina Junqueira leads the U.S. bank; former Central Bank of Brazil president Roberto Campos Neto to chair the board | McLean, VA | Application pending FDIC deposit insurance application received Oct 29, 2025; pending as of Oct 27, 2026. OCC conditional approval announced Jan 29, 2026, 121 days after the Sept 30, 2025 application. Planned deposit accounts, credit cards, lending and digital asset custody. Verified 2026-11-02 | – | Fintech parent: Nu Holdings, about 127M customers in Brazil, Mexico and Colombia. | Deep dive |
| Tidestone Bank | Coral Gables, FL | Application pending FDIC deposit insurance application received Mar 23, 2026; pending as of Oct 27, 2026. Verified 2026-11-02 | – | – | – |
| Florida Bank of Finance | Coral Gables, FL | Application pending FDIC deposit insurance application received Apr 16, 2026; pending as of Oct 27, 2026. Verified 2026-11-02 | – | – | – |
| Portrait Bank Founder and CEO Erik Weiner; CFO Jeff Jenkins, former Winter Park National Bank CFO. First new bank chartered in Orange County since 2008 | Winter Park, FL (Orlando MSA) | Open FDIC application Aug 27, 2025; conditional approval Feb 5, 2026; Florida charter granted June 29, 2026 (FDIC records list the bank as established June 22, 2026). Opened to the public Saturday, Sept. 19, 2026, after the article was published (Banking Dive, Sept. 22, 2026). Verified 2026-11-02 | $43M raised from 256 investors (FDIC required $28.0M) | Charter announcement cites "agentic AI for real-time fraud detection." Core provider not yet public. | Deep dive FDIC peer data |
| Private Bank & Trust President and CEO Gregory Barrett, formerly of Chattahoochee Bank of Georgia; chairman Brian Daniel | Gainesville, GA (Hall County) | Open FDIC deposit insurance approved with conditions Apr 3, 2026; FDIC records list the bank as opened Sept 28, 2026. Verified 2026-11-02 | FDIC required at least $19M net of organizational costs; organizers targeted at least $27M | – | Deep dive |
| Nola Bank CEO Joe Omner; board chair Henry L. Coaxum Jr. | New Orleans, LA | Open FDIC deposit insurance approved Aug 11, 2025; final regulatory approval Sept 11, 2026; opened Sept 14, 2026, the eighth de novo to open nationally in 2026 (Banking Dive). Verified 2026-11-02 | $29.2M raised from investors | – | – |
| Echelon Bank CEO Rob Shaw, formerly of USAmeriBank | Clearwater, FL | Open FDIC deposit insurance approved Jan 5, 2026; FDIC records list the bank as opened May 27, 2026. Earlier reporting, including our Glades Bank article, gave April 2026; the FDIC date supersedes it. Verified 2026-11-02 | $23M minimum capital target reached January 2026 | – | FDIC peer data |
| Solutions Plus Bank | Albertville, AL | Open FDIC records list the bank as established Dec 4, 2025. Verified 2026-11-02 | – | – | FDIC peer data |
| BankMiami | Coral Gables, FL (Miami-Dade County) | Open Opened March 2025 (FDIC records list the bank as established Mar 17, 2025). Verified 2026-11-02 | – | – | FDIC peer data |
Rows are added as applications are filed and verified against a public source.
Charter moves: the side door
Not every new bank arrives through an FDIC application. Some groups buy an existing charter and relocate or relaunch it, skipping the de novo queue entirely. We track those here because they change local markets the same way a de novo does.
| Bank | Charter origin | The move | Coverage |
|---|---|---|---|
| Southern Bank | Chartered July 2, 1945 in Sardis, GA (Bank of Sardis; Bank of Burke County from 1987; Southern Bank since 2001) | Recapitalized starting 2021 (equity $9.5M to $31.4M); opened in Spartanburg in 2023; headquarters redomiciled to Spartanburg, SC on April 14, 2026. $400M assets at Q1 2026. Its four Georgia branches went to Palmetto Citizens FCU on Aug 1, 2026, leaving four South Carolina offices. Verified 2026-10-21 | Deep dive FDIC peer data |
| First City Bank | Chartered July 2, 1945 (Georgia) | Relaunched in Alpharetta, GA in June 2026 by a group led by CEO Bob Koncerak after a $22M+ raise (The Bank Slate, June 1, 2026). Verified 2026-07-21 | FDIC peer data |
Every pending FDIC deposit insurance application
The complete FDIC list of pending deposit insurance applications, every state, as published with data as of Oct 27, 2026. 27 applications are waiting on a decision. States with more than one: UT 6, FL 5, NV 3, TX 2, VA 2. The list includes applications filed before 2026 and leaves out ones already approved, so its state counts differ from the 2026 filing counts above. Banks profiled in the tracker above are marked. Source: FDIC.
| Applicant | Location | Received |
|---|---|---|
| Sezzle Bank, National Association Profiled above | Las Vegas, NV | Oct 22, 2026 |
| Upgrade Bank | Las Vegas, NV | Oct 9, 2026 |
| Final Finance Bank | Seattle, WA | Oct 8, 2026 |
| Mooddai International Bank | Washington, DC | Sep 24, 2026 |
| Avant Bank, N.A. | Chicago, IL | Sep 18, 2026 |
| California Standard Bank | Fresno, CA | Sep 17, 2026 |
| Texas Patriot Bank | Frisco, TX | Sep 8, 2026 |
| Bank Elevated | Frisco, TX | Aug 31, 2026 |
| Stark Bank, N.A. Profiled above | Miami, FL | Aug 10, 2026 |
| Flex Bank | Lehi, UT | Jul 23, 2026 |
| Albert Bank | Salt Lake City, UT | Jul 20, 2026 |
| Sagehaven Bancorp, N.A. | Pittsburgh, PA | Jul 14, 2026 |
| Klarna Bank USA | Salt Lake City, UT | Jul 6, 2026 |
| Novus Bank | Edmond, OK | Jun 24, 2026 |
| Glades Bank and Trust Profiled above | Plantation, FL | Jun 2, 2026 |
| Dorado Bank | San Juan, PR | May 27, 2026 |
| Mission Lane Bank, National Association Profiled above | Richmond, VA | Apr 20, 2026 |
| Florida Bank of Finance Profiled above | Coral Gables, FL | Apr 16, 2026 |
| OpenReserve Bank, National Association Profiled above | Salt Lake City, UT | Apr 13, 2026 |
| Upstart Bank, National Association Profiled above | Wilmington, DE | Mar 25, 2026 |
| Tidestone Bank Profiled above | Coral Gables, FL | Mar 23, 2026 |
| Itaú Bank, National Association Profiled above | Miami, FL | Mar 16, 2026 |
| Revolut Bank US, N.A. Profiled above | Stamford, CT | Mar 5, 2026 |
| Affirm Bank | Henderson, NV | Jan 23, 2026 |
| PayPal Bank | Salt Lake City, UT | Dec 15, 2025 |
| Nubank, National Association Profiled above | McLean, VA | Oct 29, 2025 |
| OneMain Bank | West Valley City, UT | Mar 13, 2025 |
Frequently asked questions
How many de novo bank applications have been filed in 2026?
29 FDIC deposit insurance applications were filed nationally in 2026, 6 of them for Florida banks, according to RAVEN's count of FDIC records (tracker updated 2026-11-02).
Which new banks have opened recently?
Recently opened banks on the tracker: Portrait Bank (Winter Park, FL (Orlando MSA)); Private Bank & Trust (Gainesville, GA (Hall County)); Nola Bank (New Orleans, LA); Echelon Bank (Clearwater, FL); Solutions Plus Bank (Albertville, AL); BankMiami (Coral Gables, FL (Miami-Dade County)).
Which proposed banks are approved but not yet open?
Chartered or conditionally approved and not yet open: New South Bank (Tampa, FL (Hillsborough County)).
Which de novo bank applications are still pending?
Pending applications on the tracker: Glades Bank and Trust (Plantation, FL (Broward County)); Stark Bank, N.A. (Miami, FL); Itaú Bank, National Association (Miami, FL); Sezzle Bank, National Association (Las Vegas, NV); Upstart Bank, National Association (Wilmington, DE); Revolut Bank US, N.A. (Stamford, CT); OpenReserve Bank, National Association (Salt Lake City, UT); Mission Lane Bank, National Association (Richmond, VA); Nubank, National Association (McLean, VA); Tidestone Bank (Coral Gables, FL); Florida Bank of Finance (Coral Gables, FL).
Which fintechs have OCC approval for a bank charter?
Fintech applicants on the tracker with OCC conditional approval that are still waiting on FDIC deposit insurance: Upstart Bank, National Association (Wilmington, DE); Revolut Bank US, N.A. (Stamford, CT); OpenReserve Bank, National Association (Salt Lake City, UT); Mission Lane Bank, National Association (Richmond, VA); Nubank, National Association (McLean, VA). None can open until the FDIC approves deposit insurance.
Which companies have pending FDIC deposit insurance applications?
As of 2026-10-27, the FDIC lists 27 pending deposit insurance applications: Sezzle Bank, National Association (Las Vegas, NV); Upgrade Bank (Las Vegas, NV); Final Finance Bank (Seattle, WA); Mooddai International Bank (Washington, DC); Avant Bank, N.A. (Chicago, IL); California Standard Bank (Fresno, CA); Texas Patriot Bank (Frisco, TX); Bank Elevated (Frisco, TX); Stark Bank, N.A. (Miami, FL); Flex Bank (Lehi, UT); Albert Bank (Salt Lake City, UT); Sagehaven Bancorp, N.A. (Pittsburgh, PA); Klarna Bank USA (Salt Lake City, UT); Novus Bank (Edmond, OK); Glades Bank and Trust (Plantation, FL); Dorado Bank (San Juan, PR); Mission Lane Bank, National Association (Richmond, VA); Florida Bank of Finance (Coral Gables, FL); OpenReserve Bank, National Association (Salt Lake City, UT); Upstart Bank, National Association (Wilmington, DE); Tidestone Bank (Coral Gables, FL); Itaú Bank, National Association (Miami, FL); Revolut Bank US, N.A. (Stamford, CT); Affirm Bank (Henderson, NV); PayPal Bank (Salt Lake City, UT); Nubank, National Association (McLean, VA); OneMain Bank (West Valley City, UT).
Can I use this data?
Yes. The tracker is free to cite with attribution to RAVEN (reportraven.tech), and the rows are available as a CSV download at reportraven.tech/de-novo-watch/data.csv.
Methodology and citation
Sources: the FDIC pending deposit insurance applications list, state banking regulator filings (for Florida, the Office of Financial Regulation), organizer press releases and public statements, and FDIC call reports for market analysis. Each row shows the date it was last verified. This tracker is free to cite with attribution to RAVEN (reportraven.tech). Download the data as CSV. Corrections and tips: isaac@reportraven.tech
Read the analysis
Private Bank & Trust: The 58 Days Gainesville Had No Hometown Bank
New South Bank: A $25M Bet on a County Down to Five Banks
PayPal, Klarna and Revolut Want Bank Charters. Here’s the Full List
Portrait Bank: The $43M Bet That Orlando Wants Its Hometown Bank Back
Glades Bank and Trust: A $45M Filing for the County the Banks Left Behind
How to Start a Bank: The De Novo Playbook
The De Novo Bank’s Day-One Fraud Program
Organizing a bank? See what a day-one verification stack looks like, or read the de novo bank glossary entry.