---
title: "PayPal applies to establish industrial bank to aid U.S. small businesses access financial services in Utah."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/269774328.md"
description: "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."
datetime: "2025-12-15T21:33:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/269774328.md)
  - [en](https://longbridge.com/en/news/269774328.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/269774328.md)
---

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

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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