DLA Piper advises MOXY Bank in successful FDIC application

DLA Piper advised MOXY Bank in its successful application for deposit insurance to the Federal Deposit Insurance Corporation.

Pending charter approval from Washington's Department of Insurance, Securities and Banking, MOXY Bank will be a minority depository institution with its headquarters and branch on Pennsylvania Avenue near Capitol Hill. Led by proposed President and CEO Casey Mauldin and Board Chairperson Melissa Bradley, MOXY Bank, the first new bank in Washington, DC, since 2005, plans to serve the local community with a focus on minority customers.

The DLA Piper team involved included partners Jeffrey Hare (Washington, DC) and Penny Minna (Baltimore) and associate Adam Dubin (Washington, DC).