JOHNS CREEK, Ga. — Loyal Trust has received certification from the Federal Deposit Insurance Corporation (FDIC) and is set open Nov. 19.  

On Oct. 30, the Georgia Department of Banking and Finance acknowledged that the organization had raised sufficient funds to meet the minimum capital requirement of $20 million before the proposed bank may begin business as a state-chartered bank. The proposed bank raised the capital in less than 60 days.

Loyal Trust Bank plans to open for business on Nov. 19, subject to final regulatory approval from the state department. Upon opening, Loyal Trust Bank will be the only bank headquartered in Johns Creek, Georgia.

The bank has set its focus on multi-cultural, Asian American banking with the local business community. The organization will serve the surrounding area with a digital community banking style for business and consumer customers

The proposed Chairwoman of the bank is local business owner, Rose Jarboe of WePartner Management. The proposed CEO, is Charlie Brown, founding Chairman and CEO of Insignia Bank with more than 20 years of experience in community banking in this role, as well as more than five years experience as a former FDIC Community Bank Advisory Board Member in Washington.

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.