FDIC approves application for proposed Ohio de novo

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Organizers of Riverside Bank of Dublin in Ohio are one step closer to opening.

The Federal Deposit Insurance Corp. approved the group’s application on March 6 on the condition that it raises $18 million in initial capital.

Organizers filed their application in mid-October to open a bank in a suburb northwest of Columbus.

Bill Daily is expected to be the bank’s CEO, and Travis Sanders is set to become president. Doris Lambert would be the proposed bank's CFO and chief operations officer.

The group hopes to open later this year.

Riverside Bank would become the second bank to open in the Columbus area in recent years. Ohio State Bank opened in Bexley, a suburb east of the city, in early 2019.

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Community banking Capital De novo institutions FDIC Ohio