2025-03-15
CNBC
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Block says it is expanding consumer lending through Cash App Borrow after obtaining FDIC approval to issue loans out of its subsidiary Square Financial Services
MacKenzie Sigalos / CNBC :
2021-03-02
TechCrunch
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Square says Square Financial Services, its industrial bank, has started operations after getting FDIC approval last year
Known for its innovations in the payments sector, Square is now officially a bank. — Nearly one year after receiving conditional approval, Square said Monday afternoon …
2020-03-19
MarketWatch
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Square says it has received conditional FDIC approval to operate a bank, Square Financial Services, which will provide small-business loans and launch in 2021
Referenced Symbols — Square Inc. SQ, -11.69% announced late Wednesday that it had received conditional approval …
2017-09-07
Wall Street Journal
4 related
Square to apply for charter to form an industrial loan company, Square Financial Services, which will be capitalized with $56M in cash, chaired by Jackie Reses
The planned unit would offer loans and deposit accounts to small businesses and be capitalized with $56 million in cash
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