PayPal applies to establish industrial bank to aid U.S. small businesses access financial services in Utah.

Unusual Whales
2025.12.15 21:33
On December 15, 2025, in San Jose, California, PayPal Holdings, Inc. (NASDAQ: PYPL) disclosed its submission of applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation aiming to create PayPal Bank. This proposed Utah-chartered industrial entity marks a significant step in PayPal's strategic growth plan.
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