Plans are underway to open a new national bank in Stamford.
A group of bankers led by a former Citibank director submitted applications last week for a de novo bank to the U.S. Office of the Comptroller of the Currency and the FDIC. The bank is seeking to raise $34 million in capital, according to an advertisement in the Stamford Advocate.
The bank would focus on retail and business customers in the Fairfield and Westchester counties, with an emphasis on technology-aware customers and technology-integrated businesses, according to its application.
“The bank will stress, as a significant point of differentiation from competition, its desire to provide efficient, consumer-oriented, cost-competitive local convenient banking payments products and services,” the bank’s application said. “Many consumers express that quality, convenience, trust and modern technologies without hidden or surprise fees are critical to their deicision making, but that these elements are lacking in some of their current banking relationships.”
Former Citibank director and assistant vice president at State Street Gordon Baird is the proposed CEO and chairman of the board of directors. Baird also has his own private investment management company, which focuses on technology development.
Kathleen Romagnano is the proposed president and CEO of Nexos National Bank. Her prior experience includes working as COO at New York-based M.Y. Safra Bank, and as president and CEO of Savings Bank of Danbury.
Nexos National Bank would technically be the second de novo in Connecticut in the last two years. In early 2017, a group proposed the creation of TNB Corp. in Norwalk, although TNB was seeking a state charter and has said it would be uninsured.
Before that, the last de novo in Connecticut was Start Community Bank in New Haven, which formed in 2010.




