Organizers of the newly forming Bank of Everett have received regulatory approval to begin selling shares to investors.
The goal is to raise some $8 million in startup capital, bank President Mike Deller said.
“We started receiving the checks this week,” Deller said. “We’ve had very positive results so far.”
Contractors have been remodeling the ground floor of the Everett Professional Center at 2722 Colby Ave., which will be renamed the Bank of Everett Tower, assuming the bank receives its final regulatory approval.
The bank remains on track to open in early summer, Deller said.
Bank of Everett is being backed by Capitol Bancorp Ltd., a national holding company that helps develops community banks, including the Bank of Bellevue, which opened in 2005.
Capitol Bancorp’s regional president, Tom Giovanelli, is on Bank of Everett’s proposed board of directors, along with Deller.
Other directors are accountant Robert Bauer, attorney Thomas Collins, Everett Clinic chief executive Richard Cooper, PSG Washington president Randy Hansen, Coast Group chief executive Tom Hoban, Rodland Toyota president Buzz Rodland, EverTrust Foundation executive director Mary Sievers, and Everett City Council member Brenda Stonecipher.
Bank of Everett is one of two new banks forming in Everett. The other, Mountain Pacific Bank, began selling shares in March. It also is set to open this summer at a new building at 38th Street and Broadway. Details about its stock are available online at www.mountain pacificbank.com
Reporter Bryan Corliss: 425-339-3454 or corliss@heraldnet.com.
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