PHOENIX, May 20, 2022 /PRNewswire/ — Integro Bank (In the organization) announced that it has received conditional approval from the Federal Deposit Insurance Corporation (FDIC) for deposit insurance as part of its application to open a new bank dedicated to helping small businesses. Among the conditions for opening the bank is the requirement to bring together a minimum of $27.9 million capital and for the bank to obtain regulatory approval from the Arizona Department of Insurance and Financial Institutions (“AZ DIFI”). Integro Bank announced two days ago that it had obtained conditional approval of its bank charter application from AZ DIFI.
Integro Bank receives federal and state regulatory approvals to launch a new bank.
Thomas J.InserraCEO and Founder said: “Combining this federal regulatory approval with our state regulatory approval and our recently obtained bank routing number means that the main element remaining to open the bank is to close our pending stock offering. Our mission to help small businesses to grow and increase employment is about to begin. Integro Bank is now planning a grand opening date in mid-2022, so stay tuned for future announcements of our exact opening date. Integro Bank will also begin hiring the remaining positions to open the bank for our rapid launch.”
For the opportunity to own your own bank or to follow the progress of Integro Bank’s fundraising, visit us online at: www.IntegroBank.com.
About Integro Bank (in the organization)
Integro Bank (In the organization) is a proposed de novo bank based in Phoenix, Arizona (UNITED STATES). Our proprietary Integro-360 consulting approach and CEO Club are designed to help small businesses grow and maximize employment. To find out how you can make an impact, help small businesses and co-own your own bank, visit: www.integrobank.com
Thomas J. Inserra CEO at [email protected] or (602) 805-5088.
This is not an offer to sell or a solicitation of an offer to buy shares of Integro Bank (In Organization) common stock. Offers can only be made by offering circular. To obtain a copy of the offering circular, investors may visit: www.integrobank.com by selecting “Become an investor” and carefully reading the circular before subscribing to purchase common shares of Integro Bank (In organization).
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SOURCEIntegro Bancorp Inc.