BankRegulatory ScrutinyEst. 2019

Hatch Bank

US · San Diego, California · FDIC, California DFPI

Hatch Bank is a Bank based in US (San Diego, California), regulated by FDIC, California DFPI. The institution's BaaS program is currently under regulatory scrutiny, launched in 2019.

Hatch Bank supports the following products and services: Accounts, Payments, Lending. The bank serves customers across US.

Notable fintech partners include Wisetack.

Profile
Products Supported
AccountsPaymentsLending
Geographies Served
US
Charter / Regulator
FDIC, California DFPI
API Standards
REST API
Minimum Deal Size
Not publicly disclosed
Year Program Launched
2019
Notable Fintech Partners

Wisetack

Regulatory Actions Summary

California DFPI consent order (2024) — requires BSA/AML overhaul, KYC policy improvements, DFPI approval before new business lines

Notes

Formerly Rancho Santa Fe Thrift and Loan (founded 1982). ~$118M assets. WARNING: Under state consent order.

First BaaS consent order issued solely by a state regulator. Key exec departed Jan 2024.

Related Deals (1)
partnership

HMBradley Partners with NYCB as New Sponsor Bank Replacing Hatch Bank

Neobank HMBradley partnered with New York Community Bank (NYCB), a division of Flagstar Bank, as its new sponsor bank, replacing Hatch Bank. The switch enabled HMBradley to end a 16-month waitlist for over 25,000 users and support scaling deposits toward $1 billion. At the time of the announcement, HMBradley held nearly $600 million in deposits.

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Hatch Bank dealsHatch Bank regulatory actionsMore banks in USBrowse full registry
Links
Official Website
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