trending Market Intelligence /marketintelligence/en/news-insights/trending/8nqLck8GHdf6obi2z7UgKg2 content esgSubNav
In This List

Organizers file de novo application for proposed Atlanta-based Craft Bank

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade


Organizers file de novo application for proposed Atlanta-based Craft Bank

A group of organizers, operating as RBM Organizer Group, submitted an application for deposit insurance with the Federal Deposit Insurance Corp. for Craft Bank, American Banker reported.

The group also filed a trademark application in June for the proposed Atlanta-based entity.

Ross Mynatt, who is expected to be CEO of Craft Bank and once oversaw Cornerstone Bank's residential construction and mortgage departments, said the organizers intend to raise $22.5 million to $30 million in initial capital, according to the news outlet.

Former Cornerstone bankers Kitty Kendrick and Beth Martin are expected to join the de novo as CFO and chief experience officer, respectively, and former Highland Commercial Bank banker Greg Griggs will become chief lending officer. Former Mountain Community Bank President and CEO Marc Greene and former Brookhaven Bank director Paul Masters will become members of Craft Bank's board, which will have 11 outside directors, the news outlet added.