First National Bank of the Gulf Coast (in organization) (www.fnbofgc.com), a new independent community bank planning to open in Naples, has exceeded its minimum level of initial capital of $36.4 million.

In keeping with the desire to be a locally owned community bank, the organizers have agreed to continue to accept additional subscriptions up to the maximum level of capital of $43.2 million.

First National Bank of the Gulf Coast is planning to open in January, with its headquarters and main banking office located at 3560 Kraft Road, just off Pine Ridge Road.

A second office will be located at 811 Anchor Rode Drive, opening in March.

First National Bank of the Gulf Coast will offer a complete line of personal and commercial banking products and services.

The bank is being organized by a local group led by Gary L. Tice, chairman and chief executive officer, and Garrett S. Richter, president. Tice and Richter were both previously involved in the founding of First National Bank of Naples, which was acquired by Fifth Third in 2005.