Indiana will soon have its first de novo bank in nearly 20 years, according to an American Bankers Association (ABA) analysis of FDIC data. Generations Community Bank (GCB) received regulatory approval from both state and federal agencies this summer, pending completion of the bank’s capital raise. Leaders hope to finish that in time to open their doors by the end of the year, by the first quarter of 2026 at the latest. De novo approvals have plummeted since the financial crisis of 2008-10, as seen in the chart below. However, there is an expectation among some analysts that we may finally start to see more de novo activity under the current regulatory environment.

Minority Depository Institution

Generations represents a second landmark for the state as it is also on track to be Indiana’

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