Sezzle Inc (SEZL) News & EventsSEZLSezzle Inc

Sezzle Files Application to Charter National Bank Sezzle Bank, N.A.

Sezzle announced that it has filed an application with the Office of the Comptroller of the Currency, or OCC, to charter a national bank, Sezzle Bank, N.A. and applied to the Federal Deposit Insurance Corporation, or FDIC, for deposit insurance. If approved, Sezzle Bank would offer a broad range of banking products and services, including FDIC-insured deposit accounts, checking and savings accounts, and credit products. Sezzle Bank would focus on digitally native consumers, including those new to credit, and who tend to avoid using more traditional credit products such as credit cards, to provide a choice of lending options. As a national bank, Sezzle Bank would be subject to ongoing supervision and examination by the OCC, including for safety and soundness, consumer compliance, Bank Secrecy Act/anti-money laundering, and fair lending. Sezzle will apply to become a bank holding company subject to consolidated supervision by the Board of Governors of the Federal Reserve System.

Sezzle Stock Drops 34.2% to $117.46

Sezzle is down -34.2%, or -$61.07 to $117.46.

Sezzle Shares Drop 31.8% to $121.80

Sezzle is down -31.8%, or -$56.73 to $121.80.