Two new next-gen banks to open in the US
Two new banks are coming to the US: Piermont Bank in New York and Nexos National Bank, based in Stamford, Connecticut.
Piermont Bank is a “new generation” of commercial banking with a focus on helping clients build and grow business.
The Piermont Bank’s team says that it aims to support privately-owned business, especially multi-generation family-owned enterprises.
It says: “We appreciate, respect and honour family legacy, business history and aim to address banking needs in the most practical, effective and relevant way for our clients.”
The bank has received conditional approval from the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) for deposit insurance.
It planned to open in the first quarter of 2019, although it seems to have been delayed indefinitely.
Nexos National Bank, however, would be the first nationally chartered bank to open in Connecticut since the 2008 financial crisis.
The bank was founded by Gordon Baird, CEO and has Kathleen Romagnano as president and COO.
It would serve individual customers and small- and medium-size businesses throughout Fairfield and Westchester counties, with brick-and-mortar branches and online offerings.
Nexos does not currently have an opening date. It expects to start operating within the next 12 months, contingent upon approvals from both the OCC and FDIC.