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Pacific Metro Bank files de novo application

Johns Creek in Fulton County, Ga., will be the home of a new state-chartered commercial bank if a group of Chinese-American investors is successful in launching Pacific Metro Bank.

Jinsong Yang leads the organizers, who filed an application with the Georgia Department of Banking and Finance to reserve the name in May 2016, according to an interagency charter and federal insurance deposit application recently obtained by S&P Global Market Intelligence. The name reservation was approved May 16, and was filed with the Georgia Office of the Secretary of State. The bank will not seek membership in the Federal Reserve.

The primary service area for the bank will be Johns Creek, Ga., while the Georgia cities of Alpharetta, Duluth, Norcross and Suwanee will serve as the secondary service area.

Yang, a real estate developer, will serve as chairman of the bank, while Gerald Lewis will serve as president, CEO and a director. Other board members will include Yao "James" Zhan, Yu "Yale" Xiao, Zhen "Steven" Xu, Stephen "Mac" Jordan and Darrell Sumner.

Lewis served as president, CEO and a director at Wrightsville, Ga.-based Bank of Wrightsville from 2011 to 2015. The filing lists Zhan as a natural food producer; Xiao as a mortgage executive; Xu as a cabinet distributor; Jordan as a retired financial services executive; and Sumner as a retired bank consultant.

The bank will not have a holding company or any other affiliates.