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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.

Pending New Deposit Insurance Applications
Data as of June 8, 2021
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