Overview
Upstart Holdings (NASDAQ: UPST) is an AI lending marketplace. In July 2026 it received OCC conditional approval to establish Upstart Bank, N.A.
Warning
Conditional OCC approval only — not operational until FDIC/Fed approvals and OCC conditions met.
Recent Developments
- 2026-07-23: OCC conditional approval for Upstart Bank, N.A. — branchless Delaware national bank; FDIC + Fed BHC pending (2026-07-24-upstart-occ-conditional-bank-charter)
- Application filed March 2026; Klaros Group advised
- Existing bank/credit-union/institutional loan buyers expected to continue purchasing most loans