Organizers plan de novo bank in Tennessee

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A group is looking to form a bank in Chattanooga, Tenn.

Organizers filed an application with the Federal Deposit Insurance Corp. last week for deposit insurance for RockPoint Bank. RockPoint would be a national bank regulated by the Office of the Comptroller of the Currency.

The group is looking to raise $30 million to $40 million in initial capital, according to the application. The plan is to open the bank next summer.

Hamp Johnston, a former market executive at JPMorgan Chase, would serve as RockPoint’s chairman, president and CEO. He is also a former manager at First Tennessee Bank.

Camille Daniel, a former senior vice president at First Tennessee, is expected to serve as the bank’s chief lending officer. Patrick Jensen, a former senior vice president of financial planning and analysis at Atlantic Capital Bank, will serve as chief financial officer.

Kerry Riley, who was once a senior vice president at FTN Financial, will serve as the proposed bank’s chief credit officer.

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Community banking De novo institutions Capital Tennessee