Tomorrow there is a House Financial Services subcommittee hearing on bank mergers and de novo banks:
A few highlights from the prepared testimony of the witnesses...financialservices.house.gov/calendar/event…
A few highlights from the prepared testimony of the witnesses...financialservices.house.gov/calendar/event…
Mary Usategui is the CEO of BankMiami, which just opened earlier this year. A portion of her testimony touches on a few nuts and bolts issues that you (or at least I) might not often think about. 
Amanda Allexon (formerly of the Fed's Legal Division, now at a law firm) writes: “I can tell you from personal experience that application packages have never been lengthier and more detailed."
Also suggests staff cuts could actually make this worse.
Also suggests staff cuts could actually make this worse.
Also scheduled to testify is ReShonda Young, who has been trying since 2021 to organize a new bank in Iowa. A funny line:
Young’s written testimony closes on a ... provocative note
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