Thursday, January 6, 2022

Minn. group changes name of planned de novo bank

Organizers of a proposed de novo in Bloomington, Minn., have selected a new name for the bank.

The group has changed the name of the planned institution from Brava Bank to EntreBank, according to an application with the Federal Reserve.

The bank, as previously reported, would operate as a subsidiary of Entrepreneurs Bancshares. The principal shareholder of the company would be the Entrepreneurs Bancshares Revocable Trust of Daniel A. Boeckermann, according to an application with the Federal Deposit Insurance Corp.

Daniel Boeckermann would serve as the bank’s chairman. Timothy Viere would be the CEO, while Todd Hovland would become president. Melissa Johnston would be the acting chief credit officer, and Erik Knutson would become chief financial officer.

“Turns out coming up with our bank name is one of the most grueling and emotive things we’ve done so far on our journey to get our new bank approved [and] ready to open,” Johnston said in a LinkedIn post.

“We have selected a name that represents who we are as a team and who we are focused on serving,” she added.

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