Bank charters are in vogue. As more companies pursue banking charters, it is important to understand that a bank charter is not one-size-fits-all.
Full-service, trust company, industrial loan company charters and other potential pathways differ in many ways, and not all charters permit the same activities or feature the same oversight and consumer protections, such as FDIC insurance, that one might expect. Therefore, it’s important to understand the difference.
Our latest explainer breaks down the many distinctions.
