Georgia's Department of Banking and Finance approved the de novo community bank charter of Loyal Trust Bank.
The bank in organization is expected to open no later than the end of 2019 with minimum capital of $20 million, subject to the granting of deposit insurance by the Federal Deposit Insurance Corp.
Loyal Trust Bank's president and CEO is Charles Brown III and the CFO is Renee Hinkson. Organizers are Julin Gu, Rose Jarboe, Edward Oh, Hyong Park, Bo Shen, Dong Wang and Yimin Yang.
Loyal Trust Bank will primarily serve the Asian-American and business community in Johns Creek and the surrounding metro Atlanta region in Georgia.
