Mission Lane Bank, National Association
Where the charter stands
FDIC deposit insurance application received Apr 20, 2026; pending as of Oct 27, 2026. OCC preliminary conditional approval Sept 25, 2026 (Corporate Decision #1394) for a credit card bank under the Competitive Equality Banking Act, focused on subprime credit cards. Mission Lane will move its card program to the bank over three years.
Source: FDIC pending deposit insurance applications, as of October 27, 2026.
Capital
OCC requires at least $35M and an 11% tier 1 leverage ratio for three years
Technology and vendors
Fintech parent: card programs currently issued through partner banks TAB Bank and WebBank (Banking Dive, Sept 28, 2026).
Common questions
Is Mission Lane Bank, National Association open?
Not yet. As of November 2, 2026, its status is application pending. FDIC deposit insurance application received Apr 20, 2026; pending as of Oct 27, 2026. OCC preliminary conditional approval Sept 25, 2026 (Corporate Decision #1394) for a credit card bank under the Competitive Equality Banking Act, focused on subprime credit cards. Mission Lane will move its card program to the bank over three years.
How much capital does Mission Lane Bank, National Association have?
OCC requires at least $35M and an 11% tier 1 leverage ratio for three years
A new bank picks its loan and account intake once. RAVEN verifies income, assets and identity from the source, so day-one applications arrive complete.