Organizers are looking to form a de novo bank in Ocala, Fla.
A group filed an application for deposit insurance with the Federal Deposit Insurance Corp. for Gala Bank.
A public notice sent to the Ocala StarBanner lists 13 organizers: Dennis Baxley, Larry Cheshire, Digvijay Gaekwad, William Gaston III, Roger McKellar, Matthew Gray, Richelle Pace, Himanshubhai Patel, Paresh Patel, Ramabhadran Vasudeven, Carl Walls, Thomas Williams and Tommy Word.
The legal notice didn’t provide any additional information and the application wasn’t immediately available.