{"id":919886,"date":"2025-12-15T17:00:12","date_gmt":"2025-12-15T22:00:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/paypal-submits-applications-to-establish-an-industrial-bank-to-expand-access-to-financial-services-for-u-s-small-businesses\/"},"modified":"2025-12-15T17:00:12","modified_gmt":"2025-12-15T22:00:12","slug":"paypal-submits-applications-to-establish-an-industrial-bank-to-expand-access-to-financial-services-for-u-s-small-businesses","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/paypal-submits-applications-to-establish-an-industrial-bank-to-expand-access-to-financial-services-for-u-s-small-businesses\/","title":{"rendered":"PayPal Submits Applications to Establish an Industrial Bank to Expand Access to Financial Services for U.S. Small Businesses"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\">SAN JOSE, Calif.<\/span>, <span class=\"legendSpanClass\">Dec. 15, 2025<\/span> \/PRNewswire\/ &#8212; PayPal Holdings, Inc. (NASDAQ: PYPL) today announced\u00a0it has\u00a0submitted\u00a0applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation to\u00a0establish\u00a0PayPal Bank, a proposed Utah-chartered industrial loan company.\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/946166\/PayPal_2024_Logo_1.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/946166\/PayPal_2024_Logo_1.jpg\" title=\"PayPal Logo (PRNewsfoto\/PayPal)\" alt=\"PayPal Logo (PRNewsfoto\/PayPal)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Since 2013, PayPal has provided access to over\u00a0$30 billion\u00a0in loans and working capital to more than 420,000 business accounts\u00a0worldwide, filling a critical gap for small businesses\u00a0seeking\u00a0capital to\u00a0expand, buy inventory, or invest in\u00a0the\u00a0people and tools needed to thrive.\u00a0As proposed, PayPal Bank would\u00a0enable\u00a0PayPal to provide business lending solutions more efficiently to small businesses in the U.S.,\u00a0while reducing reliance on third parties and\u00a0strengthening\u00a0PayPal&#8217;s business.\u00a0\u00a0<\/p>\n<p>&#8220;Securing capital remains a significant hurdle for small businesses striving to grow and scale,&#8221; said Alex Chriss, President and Chief Executive Officer, PayPal. &#8220;Establishing PayPal Bank will strengthen our business and improve our efficiency, enabling us to better support small\u00a0business growth and economic opportunities\u00a0across the U.S.&#8221;\u00a0<\/p>\n<p>In addition to providing small business lending solutions, PayPal Bank expects to offer interest-bearing savings accounts to customers.\u00a0PayPal Bank\u00a0would also\u00a0seek direct membership in the U.S. with card networks to complement processing and settlement activities through existing banking relationships.\u00a0<\/p>\n<p>If approved, customer deposits at PayPal Bank would be eligible for FDIC insurance coverage. Mara McNeill has been selected to serve as PayPal Bank&#8217;s President, with over 25 years of financial services experience in banking, commercial lending, and private equity. Before joining PayPal, she served as\u00a0President\u00a0and\u00a0CEO of Toyota Financial Savings Bank.\u00a0<\/p>\n<p>\n        <b>Forward-Looking Statements<\/b><br \/>\n        <br \/>This press release\u00a0contains\u00a0&#8220;forward-looking&#8221; statements within the meaning of applicable securities laws. Forward-looking statements and information relate to future events and future performance and reflect, among other things, the possibility that approval may not be obtained and the expected benefits from\u00a0establishing\u00a0PayPal Bank. Forward-looking statements may be identified by words such as &#8220;seek&#8221;, &#8220;believe&#8221;, &#8220;plan&#8221;, &#8220;estimate&#8221;, &#8220;anticipate&#8221;, &#8220;expect&#8221;, &#8220;project&#8221;, &#8220;forecast&#8221;, or intend&#8221;, and statements that an event or result &#8220;may&#8221;&#8221; &#8220;will&#8221;, &#8220;should&#8221;, &#8220;could&#8221;, or &#8220;might&#8221; occur or be achieved and any other similar expressions.\u00a0\u00a0\u00a0<\/p>\n<p>Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made. More information about these and other factors can be found in PayPal Holdings, Inc.&#8217;s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission (the &#8220;SEC&#8221;), and its future filings with the SEC.\u00a0\u00a0\u00a0<\/p>\n<p>The forward-looking statements contained in this press release speak only as of the date hereof.\u00a0\u00a0PayPal expressly\u00a0disclaims\u00a0any obligation or undertaking to\u00a0disseminate\u00a0any updates or revisions to any forward-looking statements\u00a0contained\u00a0herein\u00a0to reflect any change in the expectations with regard thereto or any change in events,\u00a0conditions\u00a0or circumstances on which any such statement is based.\u00a0<\/p>\n<p>\n        <b>About PayPal<\/b>\u202f <br \/>PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit\u202f<u><a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4581030-1&amp;h=3853639626&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4427304-1%26h%3D2505256771%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D4360794-1%2526h%253D2683892670%2526u%253Dhttps%25253A%25252F%25252Fwww.paypal.com%25252F%2526a%253Dhttps%25253A%25252F%25252Fwww.paypal.com%26a%3Dhttps%253A%252F%252Fwww.paypal.com&amp;a=https%3A%2F%2Fwww.paypal.com\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.paypal.com<\/a><\/u>,\u202f<u><a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4581030-1&amp;h=975391998&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4427304-1%26h%3D2197206265%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D4360794-1%2526h%253D3284820170%2526u%253Dhttps%25253A%25252F%25252Fc212.net%25252Fc%25252Flink%25252F%25253Ft%25253D0%252526l%25253Den%252526o%25253D4354492-1%252526h%25253D3738340738%252526u%25253Dhttps%2525253A%2525252F%2525252Fabout.pypl.com%2525252F%252526a%25253Dhttps%2525253A%2525252F%2525252Fabout.pypl.com%2525252F%2526a%253Dhttps%25253A%25252F%25252Fabout.pypl.com%25252F%26a%3Dhttps%253A%252F%252Fabout.pypl.com%252F&amp;a=https%3A%2F%2Fabout.pypl.com%2F\" target=\"_blank\" rel=\"nofollow\">https:\/\/about.pypl.com\/<\/a><\/u>\u202fand\u202f<u><a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4581030-1&amp;h=2336561675&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4427304-1%26h%3D3343506257%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D4360794-1%2526h%253D3876848108%2526u%253Dhttps%25253A%25252F%25252Finvestor.pypl.com%25252F%2526a%253Dhttps%25253A%25252F%25252Finvestor.pypl.com%25252F%26a%3Dhttps%253A%252F%252Finvestor.pypl.com%252F&amp;a=https%3A%2F%2Finvestor.pypl.com%2F\" target=\"_blank\" rel=\"nofollow\">https:\/\/investor.pypl.com\/<\/a><\/u>.\u00a0<\/p>\n<p>\n        <b>Investor Relations Contact<\/b>\u202f\u00a0<br \/><u><a href=\"mailto:investorrelations@paypal.com\" target=\"_blank\" rel=\"nofollow\">investorrelations@paypal.com<\/a><\/u>\u202f\u202f\u00a0<\/p>\n<p>\n        <b>Media Relations Contact<\/b>\u202f\u00a0<br \/><u><a href=\"mailto:mediarelations@paypal.com\" target=\"_blank\" rel=\"nofollow\">mediarelations@paypal.com<\/a><\/u>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=SF47986&amp;sd=2025-12-15\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/paypal-submits-applications-to-establish-an-industrial-bank-to-expand-access-to-financial-services-for-us-small-businesses-302642655.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/paypal-submits-applications-to-establish-an-industrial-bank-to-expand-access-to-financial-services-for-us-small-businesses-302642655.html<\/a><\/p>\n<p>SOURCE PayPal, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF47986&amp;Transmission_Id=202512151630PR_NEWS_USPR_____SF47986&amp;DateId=20251215\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SAN JOSE, Calif., Dec. 15, 2025 \/PRNewswire\/ &#8212; PayPal Holdings, Inc. (NASDAQ: PYPL) today announced\u00a0it has\u00a0submitted\u00a0applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation to\u00a0establish\u00a0PayPal Bank, a proposed Utah-chartered industrial loan company.\u00a0 Since 2013, PayPal has provided access to over\u00a0$30 billion\u00a0in loans and working capital to more than 420,000 business accounts\u00a0worldwide, filling a critical gap for small businesses\u00a0seeking\u00a0capital to\u00a0expand, buy inventory, or invest in\u00a0the\u00a0people and tools needed to thrive.\u00a0As proposed, PayPal Bank would\u00a0enable\u00a0PayPal to provide business lending solutions more efficiently to small businesses in the U.S.,\u00a0while reducing reliance on third parties and\u00a0strengthening\u00a0PayPal&#8217;s business.\u00a0\u00a0 &#8220;Securing capital remains a significant hurdle for small businesses striving to grow and scale,&#8221; said Alex Chriss, President and Chief &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/paypal-submits-applications-to-establish-an-industrial-bank-to-expand-access-to-financial-services-for-u-s-small-businesses\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PayPal Submits Applications to Establish an Industrial Bank to Expand Access to Financial Services for U.S. Small Businesses&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-919886","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PayPal Submits Applications to Establish an Industrial Bank to Expand Access to Financial Services for U.S. Small Businesses - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/paypal-submits-applications-to-establish-an-industrial-bank-to-expand-access-to-financial-services-for-u-s-small-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PayPal Submits Applications to Establish an Industrial Bank to Expand Access to Financial Services for U.S. Small Businesses - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN JOSE, Calif., Dec. 15, 2025 \/PRNewswire\/ &#8212; PayPal Holdings, Inc. (NASDAQ: PYPL) today announced\u00a0it has\u00a0submitted\u00a0applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation to\u00a0establish\u00a0PayPal Bank, a proposed Utah-chartered industrial loan company.\u00a0 Since 2013, PayPal has provided access to over\u00a0$30 billion\u00a0in loans and working capital to more than 420,000 business accounts\u00a0worldwide, filling a critical gap for small businesses\u00a0seeking\u00a0capital to\u00a0expand, buy inventory, or invest in\u00a0the\u00a0people and tools needed to thrive.\u00a0As proposed, PayPal Bank would\u00a0enable\u00a0PayPal to provide business lending solutions more efficiently to small businesses in the U.S.,\u00a0while reducing reliance on third parties and\u00a0strengthening\u00a0PayPal&#8217;s business.\u00a0\u00a0 &#8220;Securing capital remains a significant hurdle for small businesses striving to grow and scale,&#8221; said Alex Chriss, President and Chief &hellip; Continue reading &quot;PayPal Submits Applications to Establish an Industrial Bank to Expand Access to Financial Services for U.S. Small Businesses&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/paypal-submits-applications-to-establish-an-industrial-bank-to-expand-access-to-financial-services-for-u-s-small-businesses\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-15T22:00:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/946166\/PayPal_2024_Logo_1.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paypal-submits-applications-to-establish-an-industrial-bank-to-expand-access-to-financial-services-for-u-s-small-businesses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paypal-submits-applications-to-establish-an-industrial-bank-to-expand-access-to-financial-services-for-u-s-small-businesses\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PayPal Submits Applications to Establish an Industrial Bank to Expand Access to Financial Services for U.S. Small Businesses\",\"datePublished\":\"2025-12-15T22:00:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paypal-submits-applications-to-establish-an-industrial-bank-to-expand-access-to-financial-services-for-u-s-small-businesses\\\/\"},\"wordCount\":580,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paypal-submits-applications-to-establish-an-industrial-bank-to-expand-access-to-financial-services-for-u-s-small-businesses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/946166\\\/PayPal_2024_Logo_1.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paypal-submits-applications-to-establish-an-industrial-bank-to-expand-access-to-financial-services-for-u-s-small-businesses\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paypal-submits-applications-to-establish-an-industrial-bank-to-expand-access-to-financial-services-for-u-s-small-businesses\\\/\",\"name\":\"PayPal Submits Applications to Establish an Industrial Bank to Expand Access to Financial Services for U.S. Small Businesses - 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