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Isaac Francis

Isaac Francis

GrafaFinance Journalist

Finance journalist at Grafa. Covers tech, crypto, and markets, making complex finance clear for all. Passionate about innovation and trends.

Articles by Isaac Francis

Grafa

PayPal files to create FDIC-insured industrial bank in Utah

PayPal Holdings (NASDAQ:PYPL) has taken a significant step toward expanding its regulated financial-services operations, filing applications on Dec. 15, 2025 with both the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation to establish PayPal Bank, a Utah-chartered industrial loan company (ILC).

Read more: PayPal files to create FDIC-insured industrial bank in Utah