Strategic Insights into Banking & Fintech

New Orleans group gets conditional FDIC approval to open bank

A group looking to form a bank in New Orleans has received conditional approval from the Federal Deposit Insurance Corp.

Organizers of the proposed NOLA Bank must raise $26.4 million of initial capital. The bank, which was originally called InclusiveBANK before rebranding, is expected to open as a minority depository institution (MDI).

Joe Omner is expected to serve as president and CEO. He was a former chief operating officer of Parish National Bank.

 

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