Richmond — Troutman Sanders LLP advised Trustar Bank in Fairfax County, Virginia in connection with its organization, equity offering, and regulatory applications and approvals from the Federal Deposit Insurance Corporation and the Virginia Bureau of Financial Institutions as the first de novo bank in Virginia since 2009. Trustar Bank was formed to serve customers in Northern Virginia, the District of Columbia, and Maryland. Detailed information regarding approval by the FDIC and the Virginia Bureau of Financial Institutions can be found here and here.
Jacob A. Lutz III and Seth A. Winter of Troutman Sanders’ Virginia offices are representing Trustar Bank with its organization and operations. Troutman Sanders’ Financial Institutions practice has helped form dozens of de novo banks over the past 25 years and is working with a number of groups throughout the country seeking to form state and national banks, trust companies, consumer and commercial lenders and other financial services providers.