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Proposed bank in Florida looking to open in late July

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Proposed bank in Florida looking to open in late July

Winter Park National Bank intends to open in late July, the Orlando (Fla.) Business Journal reported Jan. 23.

Its application for a national bank charter with the OCC became official Dec. 23, 2016.

David Dotherow will be the CEO of the proposed bank, which will be based in Winter Park, Fla. Jeffrey Jenkins will serve as CFO and Sid Cash as executive vice president and senior lender. There will be 15 workers at the headquarters.

The publication quoted Dotherow as saying that the proposed bank expects to raise capital amounting to $30 million to $50 million once its charter is approved. The money will be obtained from prior relationships, employees and family, among others.

In 2008, Dotherow chartered New Traditions National Bank, which was bought later by IBERIABANK Corp.