Sezzle Submits Application to Establish a National Bank

Sezzle filed an application with the OCC to charter a national bank, Sezzle Bank, N.A., and applied to the FDIC for deposit insurance. If approved, the bank would offer FDIC-insured deposits, checking and savings accounts, and credit products aimed at digitally native consumers, and Sezzle will also apply to become a bank holding company under Federal Reserve supervision.

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