Organizers of proposed Calif. bank change headquarters city

A group planning a bank in California has changed the location of the proposed de novo.

Organizers of Elemi Bank have refiled an application with the Federal Deposit Insurance Corp. for the proposed bank, moving its headquarters to Encino from Burbank. The new application wasn’t immediately available.

The original application, submitted in December, stated that the group planned to raise $25 million of initial capital.

The proposed bank would be state-chartered and focus on small and midsize companies and their owners, business professionals and real estate owners and investors, according to the initial application.

Dana Johnson would serve as executive chairman. Johnson was president and chief investment officer of MidAmerica Capital Partners, which owned significant interests in several community banks.

The original application did not identify Elemi’s CEO, though it noted that the candidate is an experienced banker with more than 40 years of banking experience.

The board includes Michael Helmuth, a veteran banker who recently served as group managing director at Bank of Southern California. The other disclosed directors are Gustavo Mossé, Frank Mushmel, Raj Patel and Michael Shaheen.