<div id="readability-page-1"><div><div>                                                                                                                                                    <p>Financial technology (fintech) company PayPal (PYPL) has applied for approval to launch a traditional bank complete with savings accounts and loans for small businesses.</p><p>The company said that it aims to form “PayPal Bank” in the new year, a move that management said in a news release will “strengthen our business and improve our efficiency…” </p><p>The U.S. Federal Deposit Insurance Corporation will review the application proposing the establishment of PayPal Bank. A timeline for a decision hasn’t been announced. </p><p>The company, which owns popular payment app Venmo, hopes to offer interest-bearing savings accounts to customers.</p><p>PayPal, which already makes credit lines available to consumers, said that the creation of a traditional bank is a natural extension of its business. </p><p>The stock of PayPal has been caught in an extended downturn and slumped 30% in 2025. Some analysts say the company’s fintech business has stalled amid growing competition. </p><p>Shares of PYPL are currently trading at $60.74 U.S. per share.</p></div></div></div>

PYPL

<p>PayPal has applied to establish a traditional bank, "PayPal Bank," offering savings accounts and loans for small businesses. The U.S. Federal Deposit Insurance Corporation will review the application. This move aims to strengthen PayPal's business and improve efficiency. The company's stock has declined 30% in 2025, with shares currently at $60.74, amid increased competition in the fintech sector.</p>

- PayPal has applied for approval to establish "PayPal Bank," aiming to offer savings accounts and loans for small businesses.  
- The U.S. Federal Deposit Insurance Corporation is set to review the application, although a decision timeline is not provided.  
- Amid a 30% decline in 2025 stock prices and increased competition, PayPal believes that creating a traditional bank is a natural business extension.

PayPal Applies To Form Traditional Bank