Limited Purpose
A Limited purpose bank means a bank that offers only a narrow product line (such as credit card or motor vehicle loans) to a regional or broader market and for which a designation as a limited purpose bank is in effect, in accordance with § 345.25(b) of the CRA Regulation
Institution Name | City, State | Date of Approval | Region |
---|---|---|---|
American Express National Bank | Sandy, UT | 7/26/1996 | San Francisco |
Comenity Bank | Wilmington, DE | 01/10/2012 | New York |
Comenity Capital Bank | Draper, UT | 11/18/2013 | San Francisco |
Eaglemark Savings Bank | Reno, NV | 04/22/2010 | San Francisco |
USAA Savings Bank | Las Vegas, NV | 05/11/2018 | San Francisco |
Strategic Plans
For strategic plans, the FDIC evaluates the performance of a bank under a strategic plan if the bank submits, and the FDIC approves, a strategic plan as provided in § 345.27 of the CRA Regulation.
Institution Name | City, State | Effective Date | Region |
---|---|---|---|
1st Financial Bank USA | Dakota Dunes, SD | 12/21/2022 | Kansas City |
Bank of Labor | Kansas City, KS | 11/3/2022 | Kansas City |
Barclays Bank Delaware | Wilmington, DE | 12/22/2022 | New York |
BMW Bank of North America | Salt Lake City, UT | 12/23/2021 | San Francisco |
Capital Community Bank | Provo, UT | 07/01/2021 | 6/10/2021 |
Cbw Bank | Weir, KS | 12/20/2021 | Kansas City |
Celtic Bank | Salt Lake City, UT | 9/14/2021 | San Francisco |
Comenity Capital Bank | Draper, UT | 11/1/2022 | San Francisco |
Continental Bank | Salt Lake City, UT | 12/8/2020 | San Francisco |
Crescent Bank | New Orleans, LA | 04/14/2021 | Dallas |
Discover Bank | Greenwood, DE | 01/01/2021 | New York |
DR Bank | Darien, CT | 12/23/2021 | New York |
Evergreen Bank Group | Oak Brook, IL | 12/20/2021 | Chicago |
Fidelity Bank | Edina, MN | 12/2/2021 | Kansas City |
FinWise Bank | Murray, UT | 9/21/2021 | San Francisco |
First Bank Of The Lake | Osage Beach, MO | 11/29/2021 | Kansas City |
First Electronic Bank | Salt Lake City, UT | 01/01/2020 | San Francisco |
First Internet Bank of Indiana | Fishers, IN | 01/01/2021 | Chicago |
Lead Bank | Kansas City, MO | 1/1/2022 | Kansas City |
Live Oak Banking Company | Wilmington, NC | 01/01/2021 | Atlanta |
M1 Bank | Clayton, MO | 12/8/2021 | Kansas City |
Medallion Bank | Salt Lake City, UT | 4/3/2019 | San Francisco |
Merchants And Manufacturers Bank | Joliet, IL | 7/1/2021 | Chicago |
Merchants Bank of Indiana | Carmel, IN | 01/01/2021 | Chicago |
Merrick Bank | South Jordan, UT | 12/6/2021 | San Francisco |
Mission Valley Bank | Sun Valley, CA | 01/01/2021 | San Francisco |
Movement Bank | Danville, VA | 4/24/2020 | Atlanta |
NBKC Bank | Leawood, KS | 12/15/2022 | Kansas City |
Neighbors Bank | Clarence, MO | 6/13/2022 | Kansas City |
Nelnet Bank | Draper, UT | 3/23/2020 | San Francisco |
Northeast Bank | Portland, ME | 12/30/2021 | New York |
Northpointe Bank | Grand Rapids, MI | 1/1/2022 | Chicago |
Optum Bank, Inc. | Draper, UT | 01/01/2019 | San Francisco |
Prime Alliance Bank | Woods Cross, UT | 12/3/2021 | San Francisco |
Square Financial Services, Inc. | Salt Lake City, UT | 6/8/2020 | San Francisco |
The Bancorp Bank, National Association | Sioux Falls, SD | 01/01/2021 | Kansas City |
Tolleson Private Bank | Dallas, TX | 6/9/2022 | Dallas |
Transportation Alliance Bank, Inc. D/B/A Tab Bank | Ogden, UT | 3/31/2022 | San Francisco |
Tristate Capital Bank | Pittsburgh, PA | 01/01/2021 | New York |
UBS Bank USA | Salt Lake City, UT | 9/22/2020 | San Francisco |
University Bank | Ann Arbor, MI | 12/20/2021 | Chicago |
WebBank | Salt Lake City, UT | 12/8/2021 | San Francisco |
West Town Bank & Trust | North Riverside, IL | 1/1/2022 | Chicago |
Wholesale Banks
A Wholesale bank is a bank that is not in the business of extending home mortgage, small business, small farm, or consumer loans to retail customers, and for which a designation as a wholesale bank is in effect, in accordance with § 345.25(b) of the CRA Regulation.
In order to receive a designation as a wholesale or limited purpose bank, a bank shall file a request, in writing, with the FDIC, at least three months prior to the proposed effective date of the designation. If the FDIC approves the designation, it remains in effect until the bank requests revocation of the designation or until one year after the FDIC notifies the bank that the FDIC has revoked the designation on its own initiative.
Refer to the Community Reinvestment Act Section of the FDIC Compliance Manual for additional information.
Institution Name | City, State | Date of Approval | Region |
---|---|---|---|
Bank of Hapoalim B.M. | Palatine, IL | 6/23/2003 | Chicago |
Bank of Baroda | New York, NY | 12/9/1996 | New York |
Bank of India | Crowley, TX | 4/27/2021 | Dallas |
Beal Bank | New York, NY | 8/25/1997 | New York |
Beal Bank USA | Plano, TX | 7/29/1996 | Dallas |
First Bank And Trust Company Of Illinois | New York, NY | 3/17/1998 | New York |
Interaudi Bank | Los Angeles, CA | 9/1/2010 | San Francisco |
Israel Discount Bank of New York | Chicago, IL | 4/23/2010 | Chicago |
LCA Bank Corporation | New York, NY | 10/2/1997 | New York |
Mizrahi Tefahot Bank, Ltd. | New York, NY | 7/17/1996 | New York |
State Bank of India | New York, NY | 2/3/1997 | New York |
State Bank of India | Henderson, NV | 5/30/2017 | San Francisco |
Texas Exchange Bank | Las Vegas, NV | 8/2/2004 | San Francisco |
Toyota Financial Savings Bank | Park City, UT | 7/24/2006 | San Francisco |