Organizers of the proposed Fortuna Bank in Grandview Heights, Ohio, have received conditional approval from the Federal Deposit Insurance Corp.
Ilaria Rawlins, who would serve as the bank’s president and CEO, confirmed the approval in a message to The Bank Slate. She said the FDIC is requiring her group to raise $20 million.
Rawlins added that organizers are about 60% to that goal.
Organizers applied with the FDIC in February 2023. They received conditional approval from the Ohio Department of Financial Institutions in August.