A group of financial industry executives and entrepreneurs are looking to create a new community bank based in Arizona, marking what could be the fourth one to open within a year.
According to Thompson, Zenith has already raised $22 million in capital and is hoping to obtain regulatory approval to open as early as March. He declined to disclose investors but typically a startup bank's executive group are among the investors who usually come in with a six-figure sum. Thompson said the investor group consists of about 33 families.
“We started actually having people flooding in their commitments two days ago,” Thompson said in an interview with the Business Journal on Jan. 5. “I anticipate that we'll have at least a minimum raise in the next few weeks.” “We want the money to stay here in the community and with opening a locally owned and operated bank, we get to support the local community, and I think that's really important," Thompson said.Zenith’s charter application lists seven organizers, some of whom have banking industry experience.
“We've made great progress as a company to build that portion of the business,” he said. “Ultimately, the Zenith brand will be an integration of the wealth management company, the bank trust company that's been formed, which was part of the application to the FDIC, and a mortgage company.”
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India's Paytm bank gets central bank nod to name new CEOPaytm Payments Bank, majority owned by billionaire Vijay Shekhar Sharma, has received India's central bank's approval to name Surinder Chawla as its new chief executive, a statement said. If you see this tweet, it means you know MohammadGhobadlu and MohamadBroghani have been transferred to solitary confinement, and there is a possibility of their execution at any moment. They may not see the sun tomorrow.please be their voice. MahsaAmini These lives are in immediate danger MohammadGhobadlou and MohammadBoroghani have been transferred to solitary confinement and may be executed in the next few hours Please, be their voice
Source: Reuters - 🏆 2. / 97 Read more »
Pokémon TCG: Crown Zenith’s English Radiant Eternatus RevealedRadiant Eternatus gets its chance to shine in PokemonTCG's final set of the Sword & Shield era, the special CrownZenith expansion. Pokemon
Source: bleedingcool - 🏆 20. / 69 Read more »
Pokémon TCG: Crown Zenith’s English Melony RevealedICYMI: Melony has gotten quite a few Trainer cards during the PokemonTCG Sword & Shield era. Now, she gets a final Special Art Rare in CrownZenith. Pokemon
Source: bleedingcool - 🏆 20. / 69 Read more »
A Small Bank Bet Big on Crypto. Can It Survive the Crash? - The Journal. - WSJ PodcastsSilvergate went from a small real-estate bank to the bank of choice for the crypto world’s big players. Then it experienced a historic bank run. WSJ’s David Benoit explains why customers pulled their money from crypto’s top bank. Further Reading: - Silvergate Raced to Cover $8.1 Billion in Withdrawals During Crypto Meltdown Further Listening: - The Charges Against FTX's Sam Bankman-Fried - ‘Do You Expect to Go to Prison?’: An Interview With SBF - How Crypto Giant FTX Suddenly Imploded
Source: WSJ - 🏆 98. / 63 Read more »
Russia’s Wagner group ramping up operations outside of Ukraine, U.S. warnsLast month the Biden administration downgraded classified intelligence saying Russia is relying on the Wagner group in Ukraine to recruit prisoners and launch offensives in the city of Bakhmut. we had 4 years of peace between the Obama and Biden terms They won’t designate the Mexican drug cartels who are smuggling deadly drugs (like fentanyl) into the country as terrorist groups, but they will designate a paramilitary group that has no direct effect on the homeland as a terrorist group. Says all you need to know. So instead of WMD to justify War, the US is lying about Nazis while giving weapons and congressional standing ovations to other Nazis?
Source: politico - 🏆 381. / 59 Read more »
Rishi Sunak refuses to say if he uses private GPThe PM says his healthcare is 'a personal choice', as a union leader urges him to 'come clean'. “Healthcare is private and personal choice” Yet government demanded vaccine mandates this time last year So what ? The NHS can’t cope and we need a private health sector . Pure hypocrisy on the part of SarahAndDC It's ok: we know.
Source: bbchealth - 🏆 143. / 63 Read more »