The
group said in a press release that it has received conditional approval from
the Federal Deposit Insurance Corp. Organizers must raise at least $27.9
million before being cleared to open.
Integro
received conditional approval from the Arizona Department of Insurance and
Financial Institutions earlier this month.
"Combining
this federal regulatory approval with our state regulatory approval and our
recently obtained bank routing number means the primary remaining item to open
the bank is to close on our pending stock offering,” Thomas Inserra, the
proposed bank’s CEO, said in the release.
“Our
mission of helping small businesses grow and increase employment is about to
begin,” Inserra added. Integro will “begin hiring the remaining positions to
open the bank in preparation for our rapid launch."
The plan
is to open the bank in mid-2022.
No comments:
Post a Comment