VALT Bank gets FDIC’s nod
The proposed Eagle, Idaho-based digital business bank, which received its conditional OCC charter in March, plans to open in the fourth quarter, proposed CEO Matt Gediman said.
The proposed Eagle, Idaho-based digital business bank, which received its conditional OCC charter in March, plans to open in the fourth quarter, proposed CEO Matt Gediman said.
BELLINGS Intelligence Score: 12
Why it matters
The FDIC approval of VALT Bank is a routine regulatory milestone for a new digital bank with limited immediate impact on the broader credit market or regulatory landscape.
Sources
Banking Dive
VALT Bank gets FDIC’s nod
The proposed Eagle, Idaho-based digital business bank, which received its conditional OCC charter in March, plans to open in the fourth quarter, proposed CEO Matt Gediman said.