Organizers of a proposed New Orleans de novo plan to open the bank as a minority depository institution.
The group behind the proposed InclusiveBANK primarily intends to serve low- and moderate-income communities around New Orleans, according to its application with the Federal Deposit Insurance Corp.
“However, this will not be the bank’s sole mission as we intend to be inclusive of all of the needs of everyone in our communities,” the application said.
Organizers plan to raise $26.4 million in initial capital.
Joe Omner, a former chief operating officer at Florida Parishes Bank in Hammond, La., would serve as president and CEO. Florida Parishes was sold to First Bancshares in Hattiesburg, Miss.
Henry Coaxum Jr., a New Orleans businessman who has served on two previous bank boards, would be the bank’s chairman.