newly chartered bank, as opposed to a bank acquired through a purchase acquisition or a newly opened branch banking office. Banking expansion can take place through chartering of new banks and approval of new branch offices by state banking departments, or through the acquisition of existing banks (and banking offices). In states where de novo branching is tightly regulated, for example, the unit banking states in the Midwest where branching is prohibited by state law, banking companies have frequently been able to expand geographically by forming a multibank holding company, which then acquired other banks. State interstate banking laws have permitted banking expansion only through holding company acquisitions, rather than de novo charters of new banks.
anew; a second time, as though the first had never taken place. For example, a state statute gives a defendant convicted in a municipal court the right to appeal that conviction de novo in a higher court. That right means that the defendant will have a new trial in which the facts and issues will be retried as though the first trial never took place.
