Houston Bank & Trust opens after raising $35 million
Houston Bank & Trust has opened after receiving full regulatory approval.
The organizers said in a LinkedIn post that they have opened a temporary office. The group had to raise $35 million in capital to satisfy the Federal Deposit Insurance Corp.
The group first applied with the FDIC in February 2022 to form Houston Bank of Commerce & Trust, reapplying in May 2023. In March 2024, the group shortened the proposed de novo’s name.