The Bank Slate


Two de novo banks opened in September

A pair of de novo banks opened in September.

Texas Traditions Bank in Katy opened on Sept. 6 after organizers raised the required $35 million in initial capital.
Ryan Whitzel, a former market president for BancorpSouth, is the CEO. Keith Badough, who once was a community bank president at BancorpSouth, is the president.
GS&L Municipal Bank opened in Gouverneur, N.Y., on Sept. 16.
Gouverneur Bancorp had been seeking the charter because New York state law bars mutuals from working with municipalities. The company was required to infuse $2.5 million of capital into the de novo.
A dozen banks have opened in 2022.

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