Integro Bank (in organization) receives FDIC conditional approval
PHOENIX, May 20, 2022 /PRNewswire/ — Integro Bank (in organization) announced that it has acquired the Federal Deposit Insurance Corporation (FDIC) for deposit insurance in connection with its application to open a new bank dedicated to helping small businesses. ) has received conditional approval. , Among the conditions for the bank to open are a minimum of $27.9 million in capital raised and for the bank to obtain regulatory approval from the Arizona Department of Insurance and Financial Institutions (“AZ DeFi”). Integro Bank announced two days ago that it has obtained conditional approval of its bank charter application with AZ DIFI.
Integro Bank received federal and state regulatory approval to launch a new bank.
Thomas J. Insera, CEO and Founder, said: “Combining this federal regulatory approval with our state regulatory approval and our recently obtained bank routing number means that the primary remaining item for the bank to open is to close our pending stock offering. Our mission to help small businesses grow and employment is about to begin to increase.Integro Bank is now planning a grand opening date in the middle of 2022, so stay tuned for future announcements of our exact opening date. Integro Bank will also start the recruitment of remaining positions to open the bank. In preparation for our rapid launch.”
Contact us online at www.IntegroBank.com for the opportunity to own your own bank or to track the progress of Integro Bank’s capital raising.
About Integro Bank (in organization)
Integro Bank (in organization) is a proposed de novo bank based in Phoenix, Arizona (USA). Our proprietary Integro-360 advisory approach and CEO Club are designed to help small business grow and maximize employability. To learn how you can make an impact, help small businesses, and co-own your own bank, visit: www.integrobank.com
media Contact:
Thomas J. Insera CEO at or .
Investor Contact:
Interested institutional investors should contact John Thompson at or ; Or Andrew Underwood at or .
This is not an offer or solicitation of an offer to sell the common stock of Integro Bank (in the organization). Offers can be made only by an Offering Circular. To obtain a copy of the Offering Circular, investors may visit www.integrobank.com by selecting “Become an Investor” and read the circular carefully before subscribing to buy any Integro Bank (in Organisation) common stock. can.
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Source Integro Bancorp Inc.
