Craft Bank, a newly chartered full-service commercial bank in Atlanta, announced today that it is open and serving businesses and individuals throughout Metro Atlanta. Craft Bank received the first de novo bank charter approval to operate inside the Atlanta perimeter market in over 13 years.

"We believe the banking business is a people business,” says Ross Mynatt, president and CEO of Craft Bank. “The Craft approach is designed to be personal, simple, and efficient. We can turn around commercial loan requests from application to funding in a much shorter timeframe than customers typically experience."

Craft Bank takes a refreshing, personalized approach to commercial banking through a fully integrated and digitized platform. The bank’s holistic approach is designed to support business owners' financial needs – both business and personal – with a dedicated team backed by a nimble technology platform making banking easy, relevant, and purposeful.

The bank intends to take advantage of the tremendous market opportunity presented by small- and medium-size businesses, especially those businesses that are poorly served by the mass market product and service approach of larger national and regional banks.

Craft Bank is founded by a highly accomplished group of senior banking executives, each with decades of financial services experience. These executives have been serving businesses in the Greater Atlanta area for an average of 30 years and have extensive track records in helping clients successfully build and grow their businesses.

Mynatt, Craft Bank’s president and CEO, is a former executive of a variety of different sized financial institutions, having held numerous leadership positions and has been responsible for overseeing retail and commercial divisions. Rounding out Craft Bank’s executive team are: Kitty Kendrick, chief financial officer; Greg Griggs, chief lending officer; Mike Cullinan, chief credit officer; and Beth Martin, chief experience officer.

Craft Bank has assembled an impressive Board of Directors consisting of experienced executives with a wide variety of backgrounds and previous bank board experience.

Craft Bank completed its minimum required capital raise and received final regulatory approval from
the Georgia Department of Banking and Finance as well as the Federal Deposit Insurance Corporation. The bank was advised and assisted by Bank Resources Inc., who served as a consultant, and Troutman Pepper as legal counsel, for the de novo chartering process. The capital raise was managed by Community Capital Advisors.

A de novo financial institution, such as a bank or credit union, is a newly chartered institution not purchased as an acquisition.

For more information about Craft Bank, please visit www.craft.bank. Craft Bank’s office is located within the Atlanta Technology Center in West Midtown Atlanta at 1575 Northside Drive, Building 100.