Moultrie Bank & Trust, a recently approved de novo bank, has opened.
The bank opened on May 9, the Federal Deposit Insurance Corp. noted on its website. Organizers were required in a Dec. 13 order from the FDIC to raise $20 million before opening.
The group behind the de novo applied for deposit insurance last July.
A consultant for the group said last summer that Donna Lott would serve as the bank’s CEO, while Collin Batchelor would be the chief financial officer.