Locality Bank, a de novo planned in Fort Lauderdale, Fla., is set to debut on Wednesday.
The proposed bank’s digital application will launch on that day, based on a press release announcing that organizers had surpassed the fund-raising goal set by the Federal Deposit Insurance Corp. as part of the agency’s conditional approval.
Locality raised $35 million; it was required in November to bring in a minimum of $23 million.
Members of the proposed bank’s leadership team mention in a LinkedIn post that they had received final approval to open.
The founders plan to hold an official grand opening in March.