Today, Gulf Capital Bank received conditional approval from the Texas Department of Banking and Federal Deposit Insurance Corp (FDIC) to open Houston’s first de novo bank in the market in more than a decade. The bank, expected to open in late fourth quarter 2019 or by early first quarter 2020, aims to redefine the value of a bank by offering the personal relationship touches of a traditional community bank combined with the ease of state-of-the-art banking technology and global connections provided by a group of Houston’s business and civic leaders.
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