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Organizers of Floridian Community Bank plan to open March 3, completing an application process that took more than two years and included orders from state regulators to raise more capital than their original $6 million target.
Floridian Community is starting with $7.7 million and will have its office in an outparcel of the Davie Square shopping center at 5599 S. University Drive in Davie.
Floridian Community last month reached $7 million in capital, the minimum required for it by regulators, said Douglas Cutchens, the bank's president, CEO and CFO.
The bank has received required approvals from the Florida CFO's banking regulatory division and expects approval from the Federal Deposit Insurance Corp. this month, Cutchens said.
Floridian Community's board includes Chairman Parry Goodman, president of insurance firm Benefit Management Co. in Fort Lauderdale, and other...