Organizers of the proposed Integrity Bank in Houston plan to raise $37 million of initial capital.
The group said in its application with the Federal Deposit Insurance Corp. that the planned bank’s holding company, Integrity Bancorp, would conduct a private placement.
Integrity, which would operate as a state savings bank, will focus on serving as a small business bank.
Eleven of the proposed bank’s organizers will serve on its board.
Charles Neff Jr. would serve as the bank’s chairman and CEO, while Hazem Ahmed would be its president.
Ahmed was Houston area president for Independent Bank from June 2018 to November 2022, according to his LinkedIn profile.