The group said in a press release Thursday that it has $19
million in commitments from local business leaders. The organizers have set a
goal of $23 million in initial capital.
"Our
founders, organizers and directors are some of the most notable business
leaders in the community and we are looking forward to presenting the
opportunity, to own the bank you do business with, to other local business
owners and investors," Keith Costello,
the proposed bank’s CEO, said in the release. "Our mission is to empower
local businesses to maximize their potential."
The bank plans
to offer commercial banking, commercial real estate lending, Small Business
Administration loans, and deposit and business treasury services.
Organizers announced
plans for the bank in March.
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