FDIC gives conditional approval for two de novos

Two proposed de novo banks have received conditional approval from the Federal Deposit Insurance Corp.

The FDIC signed off on Community Unity Bank in Birmingham, Ala., on Sept. 23. Organizers must raise about $23.2 million before the bank can open. 

Two former Talmer Bancorp bankers are behind the Community Unity effort. They filed their initial application with the FDIC in January. 

The proposed bank would offer commercial and residential mortgages, commercial and consumer loans and credit lines and construction and development loans. It would also provide online banking, commercial cash management services, wire transfers and mobile banking.

The FDIC approved Walden Mutual Bank in Concord, N.H., on Sept. 23. The organizing group will need to raise $22 million before opening the first new mutual in decades. 

Walden’s organizers said in August that they had secured $20 million of commitments. The effort had already received approval from the New Hampshire Banking Department. 

The FDIC has given conditional approval for 11 banks in 2022, including eight in the last three months.