PayPal says it operates a global commerce and payments business serving consumers and businesses. Its official announcement describes PayPal Bank as a proposed Utah-chartered industrial loan company intended to support small-business lending and savings; Utah DFI lists the application as pending.
Proposed/pending applicant; the PayPal announcement makes proposed activities conditional on approval, and PayPal Bank remains proposed.
Utah’s Department of Financial Institutions lists five industrial-bank applications as pending in a tracker last updated August 21. Four other industrial-bank proposals show state approval but remain opening pending.
Bank & fintech · Utah DFI application-status snapshot · August 21, 2026No permanent research pages are currently linked to this entity.
Curated library records that name PayPal Bank or connect through its linked research. The official source provides full scope and status.
No policy-library records are currently linked to this entity.