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First Women’s Bank launches in US with focus on fixing gender lending gap

A new commercial bank in the US is aiming to be the first and only women-led and women-focused lender operating in the country. First Women’s Bank CEO, Marianne Markowitz First Women’s Bank, founded in 2019 and headquartered in Chicago, opened its first branch last month after gaining final approval from the Federal Deposit Insurance Corporation (FDIC) in July. It is the first new bank to be chartered in Illinois since 2010 and raised an initial $30 million through a group of 200 investors, including Tennis star Billie Jean King. The