Varo Bank, National Association is a Commercial bank, national (federal) charter, Fed member, supervised by the Office of the Comptroller of the Currency (OCC) based in Draper, Utah, established in 08/01/2020. Operating with a focus on Other Specialized Under 1 Billion, it offers a broad range of financial services across its 1 domestic offices and 0 foreign offices. As of the last update on 04/12/2024, Varo Bank, National Association reported total assets of $486,350 and manages deposits totaling $324,267 from its domestic operations. This institution is recognized for its commitment to stability and growth, reflected in a net income of $-22,428 thousands last year. For more details, visit their website at www.varomoney.com.
Bank Information:
- Bank Name: Varo Bank, National Association
- Address: 11781 S Lone Peak Pkwy, Draper, Salt Lake, UT, 84020
- Website: www.varomoney.com
Classification and Operations:
- State: Utah
- Institution Class: Commercial bank, national (federal) charter, Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
- Bank Class: National bank, Federal Reserve System (FRS) member
- Specialization: Other Specialized Under 1 Billion
- Regulatory Reporting Form Number:
Bank Office and Assets:
- Number of Domestic Offices: 1
- Number of Foreign Offices: 0
- Total Assets: $486,350
- Total Deposits: $324,267
- Domestic Office Deposits: $324,267
Financial Data:
- Net Income (Attributable to Bank): $-22,428
Establishment and Record:
- Established Date: 08/01/2020
- Last Recorded Data on: 04/12/2024