Rob Carothers, partner on the Banking & Financial Services Industry Team in the Mobile office, was quoted in an S&P Global Market Intelligence article about trends in de novo banking. While there has been an upswing in applications filed since the financial crisis, some states are not seeing the growth because of the demand for costly digital banking services. Rob says that this expensive state-of-the-art technology may be the biggest hurdle for a de novo bank because the startup costs are now much higher than they were before the crisis.