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The investors hope to open the locationb at Aloma Avenue and Lakemont Avenuwe in Winter Park by June saysMichael Russo, a 20-year banking veteran who will servew as senior vice president and chief lending officer. The which was not yet namexd when announced earlier this has assumed themoniker . The which include prominant Central Florida business leaders Robinson Callen andJerry Free, have increasexd Callen National Bank's investor offering target from $7.
5 millionn to $10 million, of whicb half is committed, to meet strontg demand and federal bank charter requirements, says The higher investor offering is expected to boostg the bank's assets to $50 million to $75 million in the firsrt 18 months, he adds. The investors also have movecd the targeted charter approval date from February toAprik 2005. Russo previously said that the bank will targett underserved entrepreneurs and small businesses inthe market.
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