A group is looking to form a bank in Southern California.
Organizers of the proposed TriCoast Bank in Torrance filed applications with the Federal Deposit Insurance Corp. and the California Department of Financial Protection & Innovation in mid-September. The applications weren’t immediately available.
The state regulator noted on its website that the group plan to have offices in Torrance and Encino.
A call to Jim Jones at Carpenter & Co., listed as the contact by the state regulator, wasn’t immediately returned.