Regulatory Alerts2026-03-13 | Corporate Decision 1368Added
Corporate Decision 1368 — Application to Charter VALT Bank, National Association, Eagle, ID
The Office of the Comptroller of the Currency grants preliminary conditional approval to VALT Investor Group, Inc. to establish VALT Bank, National Association in Eagle, Idaho, and approves residency waivers for four proposed directors. The approval requires initial paid-in capital of at least $25 million, a tier 1 leverage ratio of no less than 9.0 percent for the first three years, and compliance with specific pre-opening conditions including independent audits, security testing, and policy adoption. Final authorization to open is contingent upon meeting all pre-opening requirements, obtaining deposit insurance, and securing Federal Reserve Bank stock, with the approval expiring if the bank does not open within 18 months.