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Riverside National Bank of Central Florida, a fast-growing Fort Pierce Bank with $1.2 billion in assets, plans to enter Central Florida late this summer by opening a new Orlandobased bank.
Organizers of Riverside Bank of Central Florida received approval from the Florida Comptroller last month, after raising $6.6 million in start-up capital.
They hope to receive approval from the Federal Deposit Insurance Corp. by the end of next month, says George Igler, a Tallahassee attorney who is coordinating Riverside's application.
Riverside's first Central Florida office will be at 401 S. Semoran Blvd. the site of a former NationsBank branch. Riverside will have a separate charter and a separate board of directors for Central Florida. Six of the new bank's 10 directors reside in the fourcounty Central Florida region.
Riverside hopes to open its Orlando office by late August or early September, says Igler, a partner in law firm Igler &...