Organizers plan de novo bank in southwest Florida

A group is looking to form a bank in Ft. Myers, Fla.

Organizers of Gulf Coast Business Bank filed an application with the Federal Deposit Insurance Corp. on Wednesday for deposit insurance.

The group plans to raise $20 million in initial capital, according to the application.

William Blevins is listed as the proposed bank's president, CEO and chief lending officer. 

Blevins was a commercial loan officer at Wachovia Bank and Wells Fargo from 1993 to 2011. He was in charge of the loan department at Encore Bank in 2018 when it was sold to Lake Michigan Credit Union.

Efforts to reach Blevins were unsuccessful.