While there were only a handful of de novo banks annually from 2009-2018, the number of new bank applications and charters has begun to rise again. If you’re curious about what it takes to start a de novo bank, you may be wondering what steps and obstacles you could encounter during the process.

In this episode of Bank on Wipfli, Mike Vesel (https://www.wipfli.com/about-wipfli/partners-and-associates/vesel-mike) and Robert Zondag (https://www.wipfli.com/about-wipfli/partners-and-associates/robert-zondag) talk to two founders of de novo banks: Charles DeWitt, Founding Chairman and CEO of Tandem Bank (https://www.tandem.bank/), and Bill Hopper, Founding Chairman and CEO of Classic City Bank (https://classiccitybank.com/). We discuss the strategy behind how they set up their banks, what challenges they encountered and more.

Listen to learn more about what is involved in getting a de novo bank off the ground.