Forty Seven Bank is innovative financial technology start-up aiming to provide high quality, secure and user-friendly banking services for individual and institutional consumers, which will be fully recognised by the financial authorities and compliant with regulatory framework.
The idea looks pretty solid as you can read more from their documentation (One pager, White Paper, Token Holders Benefits, Business Model, Financial Model) and from their legal documents (Terms and Conditions, Privacy Policy, Waiver).
The roadmap is pretty detailed and it started back in 2016 in Q4 with the development of Forty Seven Bank concept, project plan elaboration and it will end in Q4 2019 - Obtaining banking license. Start of providing full-scale banking services.
The team includes experts from such areas as finance, banking and IT. Has a good portfolio in the core fintech areas, and some of the founders have been working with each other for years. All of them are easy to find on LinkedIn.
The ICO is still LIVE and it will end on March 30. Accepted currencies on ICO: ETH, BTC, USD, EUR. They say there is no minimum contribution size and unlimited maximum contribution.
But from this table 
you can see the benefits depending on the amount you would like to invest.
The token distribution is pretty simple:
90% goes to contributors, 5% for founders and 5% for bounties.
The current ICO bonus is 20% and in the next round it will go to 10%.
At the moment they have almost 8k community members on Telegram.