Square Tries To Create A Bank, Again
PYMNTS
DECEMBER 19, 2018
Square said it’s going to resubmit the necessary paperwork with state and federal regulators to start a bank in Utah, which could happen as soon as Wednesday (Dec. The bank will be led by Lewis Goodwin, a former executive at Green Dot, and capitalized with $56 million from Square. There won’t be any actual brick-and-mortar branches.
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