VALT Bank gets conditional OCC charter

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. VALT, a fully digital bank led by a group of former U.S. Bank executives, has received conditional approval for a national charter by the Office of the Comptroller of the Currency. Its March 13 conditional approval came “120 days on the button” from VALT’s application submission, said proposed chief executive Matt Gediman.  The bank must raise $25 million prior to ...