Organizers have submitted applications to open banks in Florida and Utah.
A group in Coral Gables, Fla., applied to create Tidestone Bank. The application wasn’t immediately available, but a public notice submitted in conjunction with the application lists eight founders: Fernando Monasterio, Ernesto Monasterio, Osvaldo Monasterio, Carlos Krutzfeldt, Louis Ferreira, Christopher Avila, Alba Prestamo and Ronald Gutierrez.
The Monasterios and Krutzfeldt were part of a group that tried to buy a controlling interest Eastern National Bank in Miami.
Separately, a new effort is underway for form Bank of St. George in Utah. The filing wasn’t immediately available.
A group led by Bruce Jensen and P. West Martin tried in 2019 to create the Bank of St. George. The effort gained conditional approval in December 2019, with organizers required to raise $18 million. The bank did not open.
It is unclear if Jensen and Martin are involved with the new effort.