The Federal Deposit Insurance Corp. has given conditional approval for a de novo bank planned in White Plains, N.Y.
Organizers of Greater Gotham Bank must raise $50 million in capital before opening.
The group applied with regulators on Jan. 2 to open the bank. A public notice tied to the application listed seven organizers: Laurence Marchini III, Jeffrey Wall, Harry Katz; Robert Liberto, Jeffrey Meshel, Adelaide Polsinelli and Juan Soto.
Organizers said in their application that the bank plans to offer special products to first responders, disclosing that they were in talks with the International Association of Fire Fighters/AFL-CIO to provide specialized services to union members who are professional firefighters and paramedics.
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