Search Results for "Till"
4 results for "Till"
Deals 4
Savi Financial Receives FDIC Approval for De Novo Orca Bank Charter
Savi Financial Corp. received FDIC approval in 2023 for a Washington state-chartered de novo bank called Orca Bank. The company still required Federal Reserve approval and targeted a Q1 2024 opening. The approval is notable given the extremely challenging environment for new bank charters, especially for fintech-adjacent applicants.
NYCB Receives OCC Approval for Flagstar Merger and National Charter
New York Community Bank received OCC approval in late October 2022 to merge with Flagstar Bank and convert to a national bank charter. The deal still required Federal Reserve approval. The combined entity would create a larger banking platform with expanded capabilities relevant to the BaaS and fintech partnership ecosystem.
Coastal Community Bank's CCBX Division Onboards Six New BaaS Partners
Coastal Community Bank's CCBX BaaS division onboarded six new fintech partners in the first half of 2021, bringing its total to 21 active or in-progress relationships. New partners include Greenwood, One, Sable, Cheese, Till, Possible Finance, and Movocash. The rapid expansion underscores growing demand from mission-driven neobanks and niche fintechs for sponsor bank infrastructure.
SoFi Receives Preliminary Conditional National Bank Charter from OCC
The Office of the Comptroller of the Currency granted SoFi preliminary conditional approval for a national bank charter on October 28, 2020. SoFi had applied in July 2020 and still required additional approvals from the Federal Reserve and FDIC. The charter would allow SoFi to operate under unified federal regulations rather than a patchwork of state requirements, positioning it to compete more directly with traditional banks.