New Bank Applications and Approvals

Tracking of industrial bank applications and the FDIC mandate to promote diversity and innovation.

Recent Applicants

Ford Credit Bank

State (Charter Location): Utah (Salt Lake City)

FDIC Application Received: June 22, 2022

Status: Approved

Stellantis Bank USA

State (Charter Location): Utah (Salt Lake City)

FDIC Application Received: February 10, 2025

Status: Pending

OneMain Bank

State (Charter Location): Utah (Salt Lake City)

FDIC Application Received: March 13, 2025

Status: Pending

Edward Jones Bank

State (Charter Location): Utah (Salt Lake City)

FDIC Application Received: April 11, 2025

Status: Approved

PayPal Bank

State (Charter Location): Utah (Salt Lake City)

FDIC Application Received: December 15, 2025

Status: Pending

GM Financial Bank

State (Charter Location): Utah (Salt Lake City)

FDIC Application Received: January 31, 2025

Status: Approved

Nissan Bank U.S., LLC

State (Charter Location): Utah (Salt Lake City)

FDIC Application Received: June 20, 2025

Status: Pending

Affirm Bank

State (Charter Location): Nevada (Henderson)

FDIC Application Received: January 23, 2026

Status: Pending

Industrial Bank Applications

Our association is happy to field any questions you may have regarding the application process and the various requirements at the state and federal levels.

Industrial banks are the safest and soundest financial institutions in the country. NAIB is committed to defending and promoting the charter. Those interested are invited to contact the Association to gain a better understanding of both the regulatory requirements and our internal review process. 

NAIB provides unique benefits to support DeNovo applicants in their efforts to obtain a charter. We look forward to hearing from interested individuals and organizations who are willing to fulfill the mission of industrial banks to provide safe and secure financial services to Americans.