"Community banking may be due a revival"

This morning, The Economist posted an article about the severe decline in the opening of new banks in the US over the past decade. Similar to many other sectors of the economy, the the big banks remain open because of the amount of capital needed to budget for marketing, technology and regulatory compliance, while 2,000 small banks have closed since 2012, and only a dozen have opened. The FDIC has been encouraging new banks to open.In 2017 they released "A Handbook for Organizers of De Novo Institutions", and held seminars for how to open a bank in seven cities. This article shared in the link below shares a success story about J. Bruce Bugg, who in the past has opened three small banks: Bank of San Antonio, Texas Hill and Bank of Austin; and how his story could represent a bigger shift in the banking market.


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