Upstart to apply for national bank charter and become bank holding company

Filed March 10, 2026 · Period ending March 10, 2026 · ~1 min read

Key Changes

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  Upstart announced it will apply to the OCC and FDIC to establish Upstart Bank, N.A., an insured national bank. This would allow the company to take deposits and lend directly rather than operating solely as a platform partnering with other banks.

  Item 8.01 verify on EDGAR →
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  The company will also seek Federal Reserve approval to become a bank holding company, subjecting it to Fed supervision and bank holding company capital requirements—a fundamental shift in its regulatory framework.

  Item 8.01 verify on EDGAR →