Key Takeaways PYPL applied to Utah regulators and the FDIC to form PayPal Bank, a proposed Utah-chartered ILC.PayPal Bank will boost U.S. small-business lending, reduce third-party reliance and strengthen operations.Plans to get savings accounts, U.S. card-network membership and FDIC-insured deposits if approval is granted.PayPal Holdings, Inc. (PYPL) announced that it has filed applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) to establish Pa ...