Summary of New Deposit Insurance Application Activities
The Federal Deposit Insurance Corporation, in its role as deposit insurer and federal regulator, reviews applications submitted by individuals and other entities for approval to establish new FDIC-insured institutions.
Summary information on these applications is provided below.
| Institution Name | City | State | Date Received |
|---|---|---|---|
| Multi-Bank | Fort Lauderdale | FL | 05/07/2021 |
| Locality Bank | Fort Lauderdale | FL | 03/17/2021 |
| Brex Bank | Draper | UT | 02/17/2021 |
| Gainey Business Bank | Scottsdale | AZ | 01/25/2021 |
| Rakuten Bank America | Midvale | UT | 01/15/2021 |
| GM Financial Bank | Salt Lake City | UT | 12/14/2020 |
| Waterfall Bank | Clearwater | FL | 12/11/2020 |
| American Challenger Bank, National Association | Stamford | CT | 11/18/2020 |
| Cypress Bank and Trust | Melbourne | FL | 08/05/2020 |
| Edward Jones Bank | Salt Lake City | UT | 07/01/2020 |
| GreatAmerica Bank | Salt Lake City | UT | 03/04/2020 |
View approved applications: New Deposit Insurance Applications