A proposed bank in New Hampshire will have a digital-first engagement model.
Organizers of the planned Strategist Bank in Bedford said in their application with the Federal Deposit Insurance Corp. that the model is designed “to enhance convenience and operational efficiency.” They noted in the application that there are only three New Hampshire-chartered community banks in their primary market area.
The initial board would consist of Michael Simchik, Robert Pace Sr., Dylan Cruess, Jim Prieto, Nathan Dickey, and Karen McCloskey. Simchik, who is expected to become chairman, was a founder and the biggest investor of Centrix Bank, which was sold to Eastern Bank.
Erika Hansen, previously the chief operating officer of 42 North Private Bank, would serve as president and CEO.
Organizers plan to raise $27 million to $35 million in initial capital.