OpenReserve gets preliminary OCC approval for national bank charter
OpenReserve received preliminary conditional approval from the Office of the Comptroller of the Currency to establish a full-service national bank. It must raise at least $210 million in initial paid-in capital, net of organizational and preopening expenses.
Andreessen Horowitz-backed OpenReserve has received preliminary conditional approval from the Office of the Comptroller of the Currency to establish a full-service national bank.The proposed bank must raise at least $210 million in initial paid-in capital, net of organizational and preopening expen…