Icon Bank files for deposit insurance, Calif. bank charter

Organizers for the proposed Icon Bank filed a joint application for deposit insurance with the Federal Deposit Insurance Corp. and for state bank charter with the California Department of Financial Protection and Innovation on April 29.

Icon Bank will be a full-service commercial bank headquartered in Riverside County, Calif., and will have two additional branches in Orange County, Calif., and Clark County, Nev. The de novo bank will offer commercial banking products and services to small and medium-sized commercial businesses and commercial real estate investors in its market area.

Icon Bank is being organized by Carpenter Acquisition Corp., to be renamed Icon Bancorp upon formation of the bank. It will become Icon Bank's parent after registration with the Federal Reserve as a bank holding company.

Philippe Masbanji was the proposed CFO of the bank, while Sally Meyers was proposed to be chief risk and operations officer. The proposed CEO and chief credit officer were not disclosed in the application.