BankNews: De novo applications are on the rise but face many headwinds
In the past 25 years, the number of community banks has decreased by half to right around 4,000 institutions. Part of the reason for the decline is the dramatic fall in the…
BankNews spoke with Amy Pierce, president, GNA Advisors Consulting Group about the obstacles de novos face in the current environment and why some entrepreneurs still have enough faith in the community banking model to raise the capital required for a startup.
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