Kiah Lau Haslett, managing editor for Bank Director
Opening a new bank used to be commonplace; now it is borderline crazy. The Great Recession created a rift in the operating and regulatory environment: New banks no longer form at a rate fast enough to offset the number of institutions that disappear. More than 1,000 traditional community bank de novos, or start-up banks, opened between 2000 and 2008, according to a 2016 paper from the Federal Deposit Insurance Corp. Since 2010, that number has totaled fewer than 100, according to research from the website Banking Strategist, using FDIC data. The lack of new banks has contributed to the decline...
Please enter your username and password below. If you have not established a password please click “forgot password”.
You have accessed a resource that is only available to Bank Director magazine subscribers and Bank Services members.
To start a subscription to the top resource for bank leaders, click here.
If you are a Bank Services Member, you can access Bank Director by logging in here or entering your magazine passcode and email in the form on the left.
Kiah Lau Haslett is the Managing Editor of Bank Director. Kiah is responsible for editing web content and works with other members of the editorial team to produce articles featured online and published in the magazine. Her areas of focus include bank accounting policy, operations, strategy, and trends in mergers and acquisitions.