A proposed de novo has a new name and a high-profile addition to its board.
Organizers of ConNext Bank submitted a new application to the Federal Deposit Insurance Corp. on Monday for deposit insurance.
The group, which originally filed with the FDIC in June 2020,
originally intended to call the de novo NewBank with a plan to base the financial institution in New York. The de novo, which would operate as a unit of NBF Holdings, will now operate out of Wilmington, Del.
The OCC originally approved the group’s charter application in October 2020.
There has also been a change in the management team since the original filing.
Les Lieberman, an organizer who was originally set to become chairman, will new serve as president and CEO. John McNamara, who had been listed as CEO in the initial application, remains an organizer.
Lieberman and DeLeonardis were executives at Bond Street Holdings, which bought several Florida banks, including FCB, in the wake of the financial crisis. Bond Street raised $740 million in equity and used a shelf charter from the OCC to pursue its acquisitions.
The proposed bank’s other organizers are Thomas Constance and Howard Curd.