The proposed Colorado-based bank holding company Battle Financial, Inc., secured conditional approval last week for a national bank charter from the Office of the Comptroller of the Currency.
The Avon, Colo.-based bank is expected to launch early next year as Battle Bank NA. The bank plans to offer traditional banking services as well as foreign currency and precious metal accounts.
Battle Bank’s organizers and management team includes President Francis Trotter III, Vincent Amato as chief operations officer, Melissa Larkin as CFO, Jason Coots as chief marketing officer, Martin May, Sean McManus and Arthur Richards Rule IV. Amato and Trotter were part of the former group of founders for everBank.com, which was acquired at more than $27 billion in assets by TIAA in the summer of 2017.
“We’re building Battle Bank from the ground up as a truly non-conforming, national community bank that empowers people to make better, more informed banking decisions,” Trotter said. “I’m pleased to have accomplished this key milestone with the OCC and am excited to be even closer to the official launch of a brand new digital bank that focuses on client experience, sophisticated solutions and better yields.”