What is a De Novo Bank?
A de novo bank is defined as a state member bank that has been in operation for five years or less. Commercial banks that have been in existence for five years or less and convert to Fed membership are also subject to the de novo bank application and supervision standards. The Federal Reserve’s Partnership for Progress website provides resources for the management of de novo banks and those considering a de novo bank charter. Peer Data, 1995-2004 New data has been developed to allow us to better model the behavior of these still-young banks, especially those banks that grow quickly beyond $50 million in assets. The custom de novo peer methodology developed here includes banks of up to eight years of age with no size restriction. The following custom de novo peer data is based on year established. 2004 (PDF,81KB) 2003 (PDF,90KB) 2002 (PDF,90KB) 2001 (PDF,90KB) 2000 (PDF,96KB) 1999 (PDF,96KB) 1998 (PDF,94KB) 1997 (PDF,94KB) 1996 (PDF,97KB) 1995 (PDF,93KB) The focus of this data is on new
