The Bank Slate


Houston group taps new CEO for proposed de novo bank

The organizers for a proposed Houston bank have added more directors, hired a new CEO, and again reapplied for deposit insurance.

The group first applied with the Federal Deposit Insurance Corp. in February 2022 to form Houston Bank of Commerce & Trust, reapplying in May 2023. The latest application has shortened the proposed de novo’s name to Houston Bank & Trust.

“The organizers have significantly reconstituted their group by adding five new directors … and replacing some members of the prior proposed directors and executive team who have elected to step aside,” the new application said.

Julie Cripe is now set to be the proposed bank’s CEO, and Mark Jacobs will be the president. Cripe recently served as division president of government guaranteed lending at Bank OZK; Jacobs was Houston area president of Regions Bank.

Jacobs was originally set to serve as president and CEO.

Organizers plan to raise $31 million to $40.5 million in capital.

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