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Slowdown Seen In Applications For Start-Ups
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Slowdown Seen In Applications For Start-Ups
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Slowdown Seen In Applications For Start-Ups
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Newspaper Article
Slowdown Seen In Applications For Start-Ups
1999
Overview
The breathtaking rise in the number of start-up banks is finally showing signs of leveling off. So far this year, 216 applications to insure a new bank or thrift have been filed with the Federal Deposit Insurance Corp. At this rate, 355 applications would be filed this year, 4% below last year. Since 1992, applications for insurance have increased an average of nearly 34% a year, according to the FDIC. Florida, with 21 applications pending, and Georgia, with 18, are still by far the leaders in projected start-ups. But the rate of growth is much smaller than in the past few years.
