De novo bank activity has remained elevated over the last few months as the effects of the pandemic-induced slowdown dissipate.

San Juan, Puerto Rico-based Nave Bank applied for deposit insurance with the Federal Deposit Insurance Corp. on Dec. 20, 2021, seeking to become the island's first digital bank.

Once established, Nave intends to operate as a purely digital bank with no physical branches. In its application, the company said it anticipates that it will qualify as a minority depository institution and will also apply to be certified as a community development financial institution.

On Dec. 28, 2021, New Canaan, Conn.-based New Canaan Bank filed an application for deposit insurance with the FDIC stating that it intends to serve consumers, small- to medium-sized businesses and nonprofit organizations, and will offer commercial and real estate mortgage loans, consumer loans and lines of credit, commercial and business loans and lines of credit, and construction and development loans.

Meanwhile, Boca Raton, Fla.-based PayServices, which first applied for deposit insurance in March 2021, refiled its deposit insurance application with the FDIC on Dec. 13, 2021.

Already this month, Katy, Texas-based Texas Traditions Bank and Birmingham, Mich.-based Community Unity Bank, have filed bank charter applications seeking to serve the Houston, Texas metro area, and the Oakland County, Michigan market area, respectively.

In other news, the FDIC approved Moultrie, Ga.-based Moultrie Bank & Trust's deposit insurance application Dec. 13, 2021, and the OCC approved Anchorage, Alaska-based Peak Trust Co. NA application Jan. 12. On the other hand, Delafield, Wis.-based Virtue Bank withdrew its bank charter application Dec. 16, 2021.