Regulatory footprint
| Regulator | Relationship | License type / ID | Status | Status date | Source |
|---|---|---|---|---|---|
| FDIC | Insurance | deposit insurance / FDIC Cert. 5962 | Insured | Aug 10, 2026 | Federal Deposit Insurance Corporation, retrieved Aug 10, 2026 |
| FDIC | Supervision | primary federal regulator | Active | Aug 10, 2026 | Federal Deposit Insurance Corporation, retrieved Aug 10, 2026 |
Compliance obligations
BSA/AML
FDIC-insured depository institution subject to the Bank Secrecy Act, 31 U.S.C. 5311 et seq., and its implementing rules for banks at 31 C.F.R. Part 1020.
Source: Federal Deposit Insurance Corporation, retrieved Aug 10, 2026
OFAC sanctions
United States financial institution subject to the economic sanctions programs administered by the Office of Foreign Assets Control, 31 C.F.R. Chapter V.
Source: Federal Deposit Insurance Corporation, retrieved Aug 10, 2026
Fintech partnership program
Public sources document that this institution operates or has operated a banking-as-a-service / fintech partnership program. Program type(s) per the cited sources: cards, payments. Status: Active, under public enforcement remediation (as of Aug 18, 2026).
FDIC consent order (effective Feb 1, 2024) requiring third-party risk-management policies, an inventory of fintech relationships, and a CIP lookback of prepaid customers onboarded via third parties.
FDIC Consent Order, identifier FDIC-23-0110b per Banking Dive ↗
Direct FDIC order PDF URL not verified; identifier per Banking Dive. Characterization not independently verified against the primary document.
Sutton Payments — large BIN sponsor for the fintech community, 140+ active card programs ↗
American Banker — FDIC rebukes Sutton Bank, Piermont Bank over fintech partners ↗
Fintech partners named in the cited sources: Cash App, Highnote, Qolo. Partner lists reflect only what the cited sources name and may be incomplete or historical.
Segment membership is compiled from the cited public sources; it is a statement of public record, not an assessment of any program. All documented fintech partner banks.
Enforcement history
Terminated Nov 1, 2017.
The Federal Deposit Insurance Corporation issued a cease and desist / consent orders regarding Sutton Bank, dated 2015-07-27. The action was terminated on 2017-11-01.
Source: Federal Deposit Insurance Corporation, retrieved Aug 11, 2026, snapshot 307da53793f0.
No termination appears in the source record.
The Federal Deposit Insurance Corporation issued a cease and desist / consent orders regarding Sutton Bank, dated 2017-11-01. No termination of the action appears in the source record.
Source: Federal Deposit Insurance Corporation, retrieved Aug 11, 2026, snapshot 307da53793f0.
No termination appears in the source record.
The Federal Deposit Insurance Corporation issued a cease and desist / consent orders regarding Sutton Bank, dated 2024-02-01. No termination of the action appears in the source record.
Source: Federal Deposit Insurance Corporation, retrieved Aug 11, 2026, snapshot 307da53793f0.
Compiled from FDIC enforcement decisions and orders, OCC enforcement actions as of Aug 11, 2026.
Filings
No filings captured yet.
Official records portals
- FDIC BankFind record (Cert. 5962)
- Federal Reserve NIC profile (RSSD 110413)
- FFIEC Call Report facsimiles (via NIC profile)
- Search SEC EDGAR filings by institution name
Public record status
Record: 1 item(s) on record.
- enforcement_clear: 2 open action(s)
This reflects public government records only. It is not an assessment of any company's compliance program.
Profile status
Sources & corrections
- Federal Deposit Insurance Corporation, retrieved Aug 10, 2026, snapshot 4dc9fdd88fdc
- Federal Deposit Insurance Corporation, retrieved Aug 11, 2026, snapshot 307da53793f0
To report an inaccuracy in this profile, see the corrections policy.