The Bank Slate


Group plans de novo bank in California

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.

Leave a Reply

Your email address will not be published. Required fields are marked *