FDIC gives conditional approval to Alabama de novo effort

Solutions Plus Bank, a de novo proposed for Albertville, Ala., has secured conditional approval from the Federal Deposit Insurance Corp.

The proposed bank’s organizers applied with the FDIC  in August. The agency is requiring organizers to raise $27 million before the bank can open.

A group in Albertville, Ala., has applied to form a new bank.

There are 13 organizers: John Weathers, Myra Pierce, Thomas Carroll, Susan Armstrong, Tony Cochran, Jeannie Courington, Randy Jones, Wright Ross, Steven Brindley, Shannon Corbitt, Anna Weathers Smith, Clay Scofield and Sergio Garcia.

The FDIC has approved 11 de novo applications this year.