Regulatory Alerts2026-09-02 | Corporate Decision 1390Added · Updated
Corporate Decision 1390 — Application to charter Revolut Bank US, N.A., Stamford, CT
The Office of the Comptroller of the Currency grants preliminary conditional approval to charter Revolut Bank US, National Association as a full-service, insured national bank headquartered in Stamford, Connecticut, and approves a waiver of residency requirements for its board. The approval requires the Bank to maintain a tier 1 leverage ratio of no less than 10.0 percent for its first three years, secure initial paid-in capital of at least $95 million, and obtain deposit insurance from the Federal Deposit Insurance Corporation. Final authorization to open is contingent upon meeting preopening requirements, including independent audits, security reviews, and obtaining supervisory no-objection letters for senior executive appointments and specific product offerings.
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