Organizers planning bank in Southern California

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Organizers are planning a bank in Temecula, Calif.

The group filed an application on Nov. 4 with the Federal Deposit Insurance Corp. for Legacy Bank. The application for deposit insurance wasn’t immediately available.

Legacy would have offices in Temecula and San Jacinto.

Jim Hicken is expected to serve as the proposed bank’s president and CEO, according to California’s Division of Financial Institutions. For the past year, Hicken has been running JH Consulting, according to his LinkedIn profile.

Hicken was the founding CEO of Bank of Santa Clarita, which he left in 2012. He then led a turnaround effort at Frontier Bank in Palm Desert, Calif., though the bank failed in November 2014.

His background also includes stints as CEO at State Bank of India in Los Angeles and as a senior vice president at Community Bank in Burbank, Calif., according to his LinkedIn profile.

Efforts to reach Hicken were unsuccessful.

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