SCOTTSDALE, AZ — A group of financial industry executives and entrepreneurs are looking to create a new community bank based in Arizona, marking what could be the fourth one to open within a year.
Zenith Financial Holding Co. filed a charter application with the Federal Deposit Insurance Corp. in June requesting permission to establish Zenith Private Bank & Trust in Scottsdale.
The charter, in addition to a deposit insurance application, is currently under review by the FDIC.
Zenith intends to operate as a full-service community bank, providing traditional banking, lending, mortgage and trust services to a potential client base of business and real estate professionals, investors and owners of small and medium-size companies.
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