Organizers of the proposed Fortuna Bank in Grandview Heights, Ohio, are more than halfway to hitting their initial capital target.
The planned de novo posted on LinkedIn that it has raised about $10.5 million. The group plans to raise $20 million of capital before opening.
“We are excited to bring this to a close, ASAP,” Ilaria Rawlins, the proposed bank’s president and CEO, posted on LinkedIn.
Organizers applied with the Federal Deposit Insurance Corp. in February 2023. They received conditional approval from the Ohio Department of Financial Institutions in August.