A group in Los Altos, Calif., is looking to form a bank.
Organizers of the proposed Entrust Bank filed an application on May 15 with the Federal Deposit Insurance Corp. for deposit insurance. The application wasn’t immediately available.
A public notice tied to the application lists seven organizers: Steven Chang, Jinsong Guo, Sanjeev Khagram, Shih-Wei Peng, John Rossell, Mark Tribbitt and Victoria Viso. Entrust would be a state-chartered bank.
Chang would be the proposed bank’s chairman.