FDIC gives conditional approval to proposed Georgia Skyline Bank

Organizers of the proposed Georgia Skyline Bank in Roswell have received conditional approval from the Federal Deposit Insurance Corp.

The group, which submitted its application in June, needs to raise at least $25 million in initial capital prior to opening.

Ryan Floyd would be the proposed bank’s president and CEO. He was a senior vice president at The Piedmont Bank. Floyd said in a past interview that his group aims to open the bank early next year.

The FDIC has approved six de novo banks this year.