A group in Houston is planning to open a new bank.
Organizers on March 31 applied to the Federal Deposit Insurance Corp. for deposit insurance for the proposed Alba Bank. The application wasn’t immediately available.
A legal notice tied to the application lists five organizers: George Martinez, Richard Figueroa, William Woodby, Gregg Reyes and Thomas Reiser.
The FDIC currently has seven active applications for deposit insurance, including petitions from Revolut, Upstart, and Itaú Bank.