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Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Brex files for bank charter 22 February 2021 3 Brex, the fast-growing firm behind a corporate credit card for startups, has filed for an Industrial Bank Charter in the US. The company has submitted an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish Brex Bank The new bank intends to expand upon Brex’s existing suite of financial products and business software, offering loans and FDIC insured deposit products to small and medium-sized businesses (SMBs) without the need to rely on an intermediary bank.

United statesBruce wallaceJean perschonSilicon valley bankDeposit insurance corporationBank united statesUtah department of financial institutionsIndustrial bank charterBrex bankFederal deposit insurance corporationUtah departmentFinancial institutionsSan francisco based brexBlock chainஒன்றுபட்டது மாநிலங்களில்காயங்கள் வாலஸ்