Plaza Bank, catering to Hispanics, nears launch in Seattle

“Plaza Bank has cleared two key hurdles in its quest to become the state’s first Hispanic-focused bank.

State regulators approved the bank’s charter on March 30, and Plaza has received investor pledges totaling $20 million, the full amount it hoped to raise, according to President and Chief Executive Officer Carlos Guangorena. Banking regulations require Plaza to have a minimum of $15 million in hand before it can launch. The bank plans to open for business in May, with a headquarters in downtown Seattle and a branch in Kent.”

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