Organizers of the proposed New South Bank said in a LinkedIn post that they aim to serve small businesses across Florida.
“Our formation is based on a clear observation: many owner-operated and closely held companies want direct access to experienced bankers, informed guidance on SBA and USDA lending programs, and timely, transparent decision making,” the post said. “We believe that model requires a purpose-built institution.
Ken Page, former chairman of Lafayette State Bank, would serve as chairman and CEO, while Thomas Welsh, who was chief financial officer at CapTec USA, would serve as president and chief operating officer, according to their LinkedIn profiles.