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 and Robert Zondag talk to two founders of de novo banks: Charles DeWitt, Founding Chairman and CEO of Tandem Bank, and Bill Hopper, Founding Chairman and CEO of Classic City Bank. 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.