The first de novo community bank serving Central Florida in nearly a decade has received conditional approval from the Federal Deposit Insurance Corp. (FDIC) and the state’s Office of Financial Regulation.
Portrait Bank of Winter Park, within the Orlando MSA, is one step away from receiving its final charter, which will be granted upon completion of its remaining operational requirements. The new bank plans to open later this year and will serve commercial businesses, consumers and private wealth clients.
De novo bank openings have been an infrequent occurrence – fewer than 100 in the last 15 years and only four in 2025. Portrait Bank is the first for its Central Florida region since 2017, where only six banks are now headquartered compared to 38 in 2000.
“Portrait Bank’s vision has always been clear – help local entrepreneurs and businesses frame their financial futures,” said Erik Weiner, the founder, president and CEO of Portrait Bank. “Our goal is to create a long-lasting, trusted partnership with our clients, offering them the resources they need to succeed. Reaching this step of regulatory compliance is a pivotal milestone that brings us closer to working with underserved businesses and members of the Central Florida community.”
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