Group applies to form bank in Ohio
Another group in the Columbus, Ohio, area is planning a de novo bank.
Organizers of Riverside Bank of Dublin filed an application on Tuesday with the Federal Deposit Insurance Corp. for deposit insurance. Dublin is northwest of Columbus.
The filing comes six months after Ohio State Bank opened in Bexley, a suburb east of Columbus.
Bill Daily is expected to be the bank’s CEO. He previously served as a vice president of commercial lending at First Federal Lakewood and has also held commercial lending posts at Horizon Bank and Heartland Bank.
Travis Sanders, a former chief lending officer at Fahey Bank, would become Riverside’s president. Doris Lambert, once the chief financial officer at Fahey Bank, would be the proposed bank's CFO and chief operations officer.
"There's been a lot of consolidation in our market and there are few community banks left out here," Sanders said. "We feel there's room for another bank. People like doing business with community banks."
Sanders said the group is planning to raise $18 million with hopes of opening by mid-2020.
A copy of the application wasn't immediately available.