Fortuna Bank, a proposed de novo in Grandview Heights, Ohio, has received conditional approval from the Ohio Department of Financial Institutions.
The proposed women-owned bank still needs approval from the Federal Deposit Insurance Corp.
“We are now permitted to initiate our capital raise and accept investor dollars,” Lisa Berger, the proposed bank’s chairman, said in a LinkedIn post.
“Thrilled to be working with our team to be able to make a lasting difference for women, women-owned businesses and all who support women having access to capital to build prosperous lives and livelihoods,” she added.
Ilaria Rawlins, a former executive at First Financial Bancorp in Cincinnati, would become the bank’s president and CEO, according to an application filed with the FDIC earlier this year.