The Bank Slate


Houston group reapplies to form de novo bank

A group in Houston has reapplied to form Houston Bank of Commerce & Trust.

Organizers of Houston Bank of Commerce & Trust submitted new applications to state and federal regulators on May 31. The applications were not immediately available.

The organizing group has grown from six people to eight.

Mark Jacobs would serve as president and CEO, according to the original application filed in February 2022. He recently was the Houston area president for Regions Bank.

Jerry Cooksey, another organizer and a former CFO for Reliant Bank and First Advantage Bank, lists himself on his LinkedIn profile as CFO for a bank in formation.

The original application said the group planned to raise $33 million to $42 million in initial capital.

Several banks have been eyed for the Houston area.

Gulf Capital Bank opened in December 2019, while Agility Bank debuted in April 2022. Texas Traditions Bank opened in nearby Katy, Texas, in September.

Organizers have also been planning Inspire Bank, a proposed Houston de novo that aims to become a minority depository institution (MDI).

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