A group is looking to form a de novo bank in Texas.
Organizers of Texas Traditions Bank applied with the Federal Deposit Insurance Corp. on Jan. 3 for deposit insurance. The bank would be based in Fulshear or Katy, just outside of Houston.
The bank, which would have a minimum of $35 million of initial capital, would have a second branch in the Webster area, according to the application.
A public notice tied to the application listed 10 organizers: Ryan Whitzel, Keith Badough, William Kacal, Michael Dierschke, Vicki Keiser, Rand Lassus, Matthew Mabry, Darren Miller, Samuel Morris and John Pritchett.
Whitzel, a former market president for BancorpSouth, would be the CEO. Badough, a former community bank president at BancorpSouth, would be the president.
Whitzel and Badough previously worked at Icon Bank of Texas.