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- SoFi has been granted approval by federal regulators to become a national bank. The fintech company began as a student loan refinance company, but has expanded to other lending and banking products in recent years. SoFi believes the charter will help the company expand its products and services.
www.investopedia.com/sofi-obtains-charter-to-become-a-national-bank-5216603SoFi Obtains Charter to Become a National Bank - Investopedia
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Jan 18, 2022 · Last year, in a key strategic step in SoFi’s path to obtaining a national bank charter, the company announced a definitive agreement by its subsidiary Social Finance, Inc. to acquire Golden Pacific Bancorp, Inc. (OTCPK: GPBI) and its wholly owned subsidiary Golden Pacific Bank, N.A. (together, “GPB”). SoFi plans to contribute $750 million ...
Feb 8, 2022 · The Office of the Comptroller of the Currency's decision to grant a national charter to SoFi Technologies Inc. marks a widening opportunity for financial technology companies that want to become banks, industry and policy experts told S&P Global Market Intelligence.
Jan 22, 2022 · Additionally, having a bank charter will make it easier for SoFi to hold loans on its balance sheet, whether that means holding loans for longer periods or to completion.
Mar 14, 2021 · The acquisition of Golden Pacific Bancorp will speed up SoFi's application for a national bank charter. This should help drive enhanced EBITDA gains in the years ahead. SoFi (IPOE) is...
Jul 10, 2020 · SoFi filed an application for a national bank charter with the Office of the Comptroller of the Currency (OCC), as the personal finance startup edges toward becoming a full-service bank.
Nov 2, 2021 · After applying for a national bank charter in July 2020, the company received conditional approval 3 months later. Yet, the acquisition of the Golden Pacific Bankcorp would speed up the plans...
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