Upstart Bank, National Association
Where the charter stands
FDIC deposit insurance application received Mar 25, 2026; pending as of Oct 27, 2026. OCC preliminary conditional approval July 23, 2026 (Corporate Decision #1382). A fully digital consumer lender making unsecured personal, house-secured and auto-secured loans, funded at first through brokered and placement-network deposits.
Source: FDIC pending deposit insurance applications, as of October 27, 2026.
Capital
OCC requires at least $404.1M, a 12% tier 1 leverage ratio and a 15% total risk-based ratio for three years
Leadership
Proposed CEO Annie Delgado, Upstart chief risk officer
Technology and vendors
Fintech parent: Upstart Network moves its existing lending operations into the bank.
Common questions
Is Upstart Bank, National Association open?
Not yet. As of November 2, 2026, its status is application pending. FDIC deposit insurance application received Mar 25, 2026; pending as of Oct 27, 2026. OCC preliminary conditional approval July 23, 2026 (Corporate Decision #1382). A fully digital consumer lender making unsecured personal, house-secured and auto-secured loans, funded at first through brokered and placement-network deposits.
How much capital does Upstart Bank, National Association have?
OCC requires at least $404.1M, a 12% tier 1 leverage ratio and a 15% total risk-based ratio for three years
Who leads Upstart Bank, National Association?
Proposed CEO Annie Delgado, Upstart chief risk officer
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.