The Bank Slate


Planned Houston de novo to have wealth management focus

A proposed de novo bank in Houston plans to have a big focus on trust and wealth management services.

Organizers of Houston Bank of Commerce & Trust also plan to raise $30 million to $40 million of initial capital, according to their latest application with the Federal Deposit Insurance Corp.

The group initially applied with the FDIC in February 2022.

Mark Jacobs, former Houston area president for Regions Bank, would serve as CEO, while Mark Reiley, former co-CEO of Icon Bank, is set to become president.

Lee Weaver, the proposed chief lending officer and Houston market president, was a commercial lender at Icon. Jerry Cooksey, who has worked at First Advantage Bank and Reliant Bank, would become chief financial officer, and Danielle Mitchell, who has been at Texas Bank and Bank of Fort Bend, will serve as BSA and compliance officer.

Icon was sold to BancorpSouth in 2018.

Houston Bank is the second de novo effort with ties to Icon.

Texas Traditions Bank, which opened in Katy last fall, is led by former Icon bankers Ryan Whitzel and Keith Badough.

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