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 |
---|---|---|---|
Comenity Bank | Wilmington, DE | 01/10/2012 | New York |
Comenity Capital Bank | Draper, UT | 11/18/2013 | New York |
Eaglemark Savings Bank | Carson City, NV | 04/22/2010 | San Francisco |
Hatch Bank | San Marcos, CA | 11/16/1999 | New York |
Nelnet Bank | Draper, UT | 03/23/2020 | Kansas City |
USAA Savings Bank | Las Vegas, NV | 05/11/2018 | Dallas |
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 | 01/01/2019 | Kansas City |
Bank of England | England, AR | 05/26/2020 | Dallas |
Bank of Labor | Kansas City, KS | 01/01/2020 | Kansas City |
Barclays Bank Delaware | Wilmington, DE | 01/01/2021 | New York |
BMW Bank of North America | Salt Lake City, UT | 02/01/2019 | San Francisco |
Capital Community Bank | Provo, UT | 07/01/2021 | San Francisco |
Celtic Bank | Salt Lake City, UT | 10/01/2018 | San Francisco |
Continental Bank | Salt Lake City, UT | 01/01/2021 | San Francisco |
Crescent Bank & Trust | New Orleans, LA | 04/14/2021 | Dallas |
Discover Bank | Greenwood, DE | 01/01/2021 | New York |
DR Bank | Darien, CT | 01/01/2019 | New York |
EnerBank USA | Salt Lake City, UT | 01/01/2021 | San Francisco |
Evergreen Bank Group | Oak Brook, IL | 07/01/2017 | Chicago |
Farmers-Merchants Bank of Illinois | Joy, IL | 01/01/2020 | Chicago |
FinWise Bank | Murray, UT | 10/01/2018 | San Francisco |
First Electronic Bank | Salt Lake City, UT | 01/01/2020 | San Francisco |
First Internet Bank of Indiana | Fishers, IN | 01/01/2021 | Chicago |
Five Star Bank | Roseville, CA | 01/01/2019 | San Francisco |
Georgia Banking Company | Atlanta, GA | 01/01/2020 | Atlanta |
Live Oak Banking Company | Wilmington, NC | 01/01/2021 | Atlanta |
Medallion Bank | Salt Lake City, UT | 04/01/2020 | San Francisco |
Merchants Bank of Indiana | Carmel, IN | 01/01/2021 | Chicago |
Merrick Bank | South Jordan, UT | 01/01/2017 | San Francisco |
Mission Valley Bank | Sun Valley, CA | 01/01/2021 | San Francisco |
Movement Bank | Danville, VA | 05/01/2020 | Atlanta |
NBKC Bank | Overland Park, KS | 01/01/2021 | Kansas City |
Nelnet Bank | Draper, UT | 11/03/2020 | Kansas City |
Northeast Bank | Portland, ME | 01/01/2020 | New York |
Northpointe Bank | Grand Rapids, MI | 01/01/2017 | Chicago |
Optum Bank, Inc. | Draper, UT | 01/01/2019 | San Francisco |
Prime Alliance Bank | Woods Cross, UT | 01/01/2019 | San Francisco |
Sallie Mae Bank | Salt Lake City, UT | 07/01/2019 | San Francisco |
The Bancorp Bank | Wilmington, DE | 01/01/2021 | New York |
Tolleson Private Bank | Dallas, TX | 07/01/2019 | Dallas |
Transportation Alliance Bank, Inc. d/b/a TAB Bank | Ogden, UT | 04/01/2019 | San Francisco |
Tristate Capital Bank | Pittsburgh, PA | 01/01/2021 | New York |
UBS Bank USA | Salt Lake City, UT | 01/01/2021 | San Francisco |
WebBank | Salt Lake City, UT | 07/01/2018 | San Francisco |
West Town Bank & Trust | North Riverside, IL | 01/01/2019 | Chicago |
WEX Bank | Midvale, UT | 01/01/2019 | San Francisco |
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. | New York, NY | 02/03/1997 | New York |
Bank Leumi USA | New York, NY | 03/17/1997 | New York |
Bank of Baroda | New York, NY | 10/02/1997 | New York |
Bank of India | New York, NY | 03/17/1998 | New York |
Beal Bank USA | Las Vegas, NV | 08/02/2004 | Dallas |
Beal Bank | Plano, TX | 07/29/1996 | Dallas |
First Bank and Trust Co. of Illinois | Palatine, IL | 06/23/2003 | Chicago |
Interaudi Bank | New York, NY | 08/25/1997 | New York |
Israel Discount Bank of New York | New York, NY | 12/09/1996 | New York |
LCA Bank Corporation | Park City, UT | 07/24/2006 | San Francisco |
Mizrahi Tefahot Bank, Ltd. | Los Angeles, CA | 09/01/2010 | San Francisco |
Optum Bank, Inc. | Draper, UT | 04/10/2018 | San Francisco |
State Bank of India | Chicago, IL | 04/23/2010 | San Francisco |
State Bank of India | New York, NY | 07/17/1996 | San Francisco |
Texas Exchange Bank, ssb | Crowley, TX | 04/27/2021 | Dallas |
The Pitney Bowes Bank, Inc. | Salt Lake City, UT | 04/15/2015 | San Francisco |
Toyota Financial Savings Bank | Henderson, NV | 05/30/2017 | San Francisco |
UBS Bank USA | Salt Lake City, UT | 12/11/2013 | San Francisco |