Integro Bank (In Organization) Obtains State of Arizona Conditional Approval

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PHOENIX, May 18, 2022 /PRNewswire/ -- Integro Bank (In Organization) announced that it obtained conditional approval from the State of Arizona Department of Insurance and Financial Services to open a new bank devoted to helping small businesses. Among the conditions for opening the bank is a requirement to raise a minimum of $27.9 million in capital and for the bank to obtain regulatory approval from the Federal Deposit Insurance Corporation (FDIC) for deposit insurance.

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