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OCC Conditionally Approves Conversion of Protego Trust Bank
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Protego Trust Bank N.A. Gets Conditional Approval for OCC Charter
February 5, 2021 GMT
SEATTLE (BUSINESS WIRE) Feb 5, 2021
Protego Trust Bank N.A. ( protegotrust.com ), a new kind of bank designed and built specifically for institutional clients seeking opportunities within the world of digital assets, announced today that it has received conditional approval from the Office of the Comptroller of the Currency. The new federal charter will allow Protego to convert from a Washington State chartered trust company into a nationally chartered trust bank and will enable Protego clients nationwide to hold, trade, lend and issue digital assets.