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April 1, 2024
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: over again: anewA de novo bank is a bank that has not been acquired through purchase and is newly chartered by the Federal Deposit Insurance Corporation (FDIC).When I left the manufacturing industry and started my banking career nearly 25 years ago, there were 8,198 FDIC insured banks. At the end of 2022, there were only 4,135. From the year 2000...
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