Organizers of a proposed bank in Florida, preliminary approval in hand, are hopeful they can open the institution in late summer.

Winter Park National Bank is aiming to become the second de novo to open this year. Blue Gate Bank in Costa Mesa, Calif., opened in late January.

David Dotherow, CEO of the proposed Winter Park National Bank.
David Dotherow, CEO of the proposed Winter Park National Bank in Florida, expects the bank to open in late summer.

The Office of the Comptroller of the Currency recently granted preliminary conditional approval to Winter Park’s charter application, David Dotherow, who would serve as the bank’s president and CEO, said in a press release Wednesday.

The approval allows the organizers to begin working on Winter Park’s offices. They are also hiring staff and looking to raise $30 million in capital.

Dotherow recently served as a commercial group manager for Iberiabank. He was also president and CEO of New Traditions Bank in Maitland, Fla., from 2008 to 2015.

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