De Novo Bank Definition?

Answer

A De Novo bank is a state member bank that has been in operation for up to five years. Its supervision standards also apply to commercial banks that have been in existence for five years or less and have converted to Fed membership. The Federal Reserve provides the guidelines for the management of such banks, considering the individual bank charters.
Q&A Related to "De Novo Bank Definition?"
A de novo bank is a state member bank that has only been in existence for 5 years or less. There are certain supervision standards that must be met with a de novo bank.
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1. Designate whether the bank will be a commercial or savings bank. Establish whether the bank will be federally chartered or state chartered. Federally chartered commercial banks
http://www.ehow.com/how_7800091_start-de-novo-bank...
'De novo' means 'of new' A de novo sentence is a new sentence replacing a former sentence,
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De novo devices are lower risk devices that cannot be cleared through the 510(k) process because they lack a predicate device and yet do not warrant the more rigorous premarket approval
http://www.fda.gov/AboutFDA/CentersOffices/CDRH/CD...
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A De Novo institution is a state member bank that has been in operation for a period of five years or less. They have supervision standards that are also applicable ...
De novo branch refers to a new branch office. It is mostly associated with opening of a new branch of a bank, which should be in a specified applicable radius ...
A de novo bank is a state member bank, which has been in operation for a period of 5 years or less. Commercial banks that have been in operation for this period ...
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