US challenger bank poised to be the first Colorado-based bank to be OCC approved since 2018
Eagle County, CO – October 11, 2022 – Battle Financial, Inc., the prospective parent company of Battle Bank, N.A., announced today that its application for a national bank charter has been awarded conditional approval by the OCC.
Pending full regulatory approval, Battle Bank, N.A., is expected to launch in early 2023. The bank is led by an experienced leadership team that includes two pioneers in the banking industry, Frank Trotter and Vincent Amato. Both were part of the former group of founders of everBank.com, which was eventually acquired at just over $27 billion in total assets by TIAA in June 2017.
Frank Trotter, President, Battle Financial, Inc. shared: “We’re building Battle Bank from the ground up as a truly non-conforming, national community bank that empowers people to make better, more informed banking decisions. I’m pleased to have accomplished this key milestone with the OCC and am excited to be even closer to the official launch of a brand new digital bank that focuses on client experience, sophisticated solutions and better yields.”
This conditional approval comes on the heels of Battle Financial’s recent partnership announcements with Savana and Temenos, key collaborators in the organization’s innovative technology build.
About Battle Financial, Inc.
Battle Financial, Inc. is building Battle Bank, N.A., to revolutionize banking for the better. The bank will offer a client-first approach to banking with unmatched access to unique solutions. From regular banking solutions, foreign currency deposits, market index CDs, self-directed IRAs and non-FDIC-insured precious metals, the diversified solutions will give you options for financial freedom. Battle Bank, N.A.’s founding leadership team has led several banking start-up experiences and is dedicated to launching and growing the bank into a successful national player in the banking industry. For more information about Battle Bank, N.A., visit www.battlebank.com.