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Jul 1, 2024 · An FDIC enforcement order against Thread Bancorp calls out the bank’s BaaS programs by name, as the agency takes BaaS more seriously.
Jul 1, 2024 · A Federal Deposit Insurance Corp. consent order issued to Rogersville, Tennessee-based Thread Bank specifically calls out the lender’s banking-as-a-service business, with the regulator ordering ...
Recently featured on The Financial Brand, Chris Black, CEO and Founder at Thread Bank, discusses how Thread is toppling traditional banking paradigms by creating a customer-first playbook for digital-first banks—leading the way for financial institutions of the future.
The Federal Deposit Insurance Corporation (“FDIC”) is the appropriate Federal banking agency for THREAD BANK, ROGERSVILLE, TENNESSEE (“Bank”), under Section 3(q)(2) of the Federal Deposit Insurance Act (“Act”), 12 U.S.C. § 1813(q)(2). The Bank, by and through its duly elected and acting Board of Directors (“Board”), has
Thread Bank is Relay’s Partner Bank, and they handle the core banking tasks created within Relay. Through Thread, every organization on Relay is FDIC insured* up to $3,000,000. For more information on Thread Bank, visit their website at https://www.thread.bank/.
