The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

Organizers plan women-owned bank in central Ohio

A group in Grandview Heights, Ohio, is planning a women-owned bank.

Organizers have applied with the Federal Deposit Insurance Corp. to form Fortuna Bank.

Ilaria Rawlins, a former executive at First Financial Bancorp in Cincinnati, would become the bank’s president and CEO. Lisa Berger is expected to serve as the bank’s chairman.

While there are very few women-owned banks in the U.S., Agility Bank in Houston and First Women’s Bank in Chicago are among the latest wave of de novos.

The Columbus, Ohio, market has been a hotbed for de novo banking activity.

Adelphi Bank, a minority depository institution planned in the market, received full FDIC approval this year. Ohio State Bank opened in Bexley in April 2019, while Riverside Bank of Dublin and First Bank of Central Ohio opened last year.

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