Strategic Insights into Banking & Fintech

Prematurely posted N.Y. bank application removed from FDIC’s system

An application for a proposed bank in New York has been removed.

Organizers of the planned American Innovation Bank in Flushing, N.Y., submitted an application with the Federal Deposit Insurance Corp.

The FDIC, in response to a request for the application, said the document was “removed from the system” because it was a draft. “When a formal application is received, it will be set up [in] the system again and given another application number,” the FDIC’s email said.

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