Monday, February 7, 2022

Another de novo bank proposed for Houston

A group has filed a request to form a new bank in Houston.

Organizers of Houston Bank of Commerce & Trust applied with the Federal Deposit Insurance Corp. on Jan. 31 for deposit insurance.

Mark Jacobs is set to become the bank's president and CEO, according to the application. He recently served as the Houston area president for Regions Bank.

Ryan Edone, chief financial officer of Petroleum Wholesale, would serve as the bank's chairman.

The other organizers are Rebecca Bayless, John Blanchard, James Doyle and Judson Robinson III. 

Organizers plan to raise $33 million to $42 million in initial capital.

This is the second group in recent weeks to disclose plans to form a bank around Houston. 

Organizers of the proposed Texas Traditions Bank applied with the FDIC on Jan. 3 for deposit insurance for a bank to be based in a Houston suburb.

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