PRESS RELEASE
10 April 2026

Nonbanks Dominate Bank Charter Boom As Approval Timelines Shrink

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Mayer Brown

Contributor

Mayer Brown is an international law firm positioned to represent the world’s major corporations, funds, and financial institutions in their most important and complex transactions and disputes.
Nonbanks are coming in droves to apply for national bank and national trust bank charters, capitalizing on the quick approval processes. "The OCC is strictly adhering to the stated processing times...
United States

Nonbanks are coming in droves to apply for national bank and national trust bank charters, capitalizing on the quick approval processes. "The OCC is strictly adhering to the stated processing times, that it really will not let them drag on for any reason, and so that is why we can see decisions come out at such a clip, even if they're decisions that don't necessarily look similar to each other in terms of complexity or risk profile," Matt said.

To read complete article visit S&P Global

Contributor

Mayer Brown is an international law firm positioned to represent the world’s major corporations, funds, and financial institutions in their most important and complex transactions and disputes.

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