Locality Bank (a Digital-First Bank in Organization) Gains FDIC Approval to Open a State-Chartered Bank in Fort Lauderdale, Florida
Locality Bank IO‘s application for FDIC insurance has been approved subject to standard conditions. The bank has met the requirement to have $23 million in capital and currently has over $27 million in subscriptions for stock. The bank will close the capital raise no later than November 15, 2021, with its first shareholder meeting to......