Regulatory footprint
| Regulator | Relationship | License type / ID | Status | Status date | Source |
|---|---|---|---|---|---|
| FDIC | Insurance | deposit insurance / FDIC Cert. 9499 | 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: deposits, payments, lending. Status: Active (as of Aug 18, 2026).
FDIC consent order FDIC-24-0022b (effective May 21, 2024) re third-party/fintech-partner risk management was terminated December 22, 2025.
FDIC Consent Order FDIC-24-0022b ↗
PDF downloaded but text layer not machine-readable during compilation; substance corroborated by cited coverage. Characterization not independently verified against the primary document.
Banking Dive — FDIC orders Thread Bank to step up BaaS oversight ↗
Fintech partners named in the cited sources: Unit (platform). 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 23, 2015.
The Federal Deposit Insurance Corporation issued a cease and desist / consent orders regarding Thread Bank, dated 2010-01-28. The action was terminated on 2015-11-23.
Source: Federal Deposit Insurance Corporation, retrieved Aug 11, 2026, snapshot 307da53793f0.
Terminated Nov 4, 2021.
The Federal Deposit Insurance Corporation issued a cease and desist / consent orders regarding Thread Bank, dated 2015-11-23. The action was terminated on 2021-11-04.
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 Thread Bank, dated 2015-11-23. No termination of the action appears in the source record.
Source: Federal Deposit Insurance Corporation, retrieved Aug 11, 2026, snapshot 307da53793f0.
Terminated Jun 28, 2018.
The Federal Deposit Insurance Corporation issued a prompt corrective action regarding Thread Bank, dated 2016-05-17. The action was terminated on 2018-06-28.
Source: Federal Deposit Insurance Corporation, retrieved Aug 11, 2026, snapshot 307da53793f0.
Terminated Nov 4, 2021.
The Federal Deposit Insurance Corporation issued a prompt corrective action regarding Thread Bank, dated 2018-06-28. The action was terminated on 2021-11-04.
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 prompt corrective action regarding Thread Bank, dated 2018-06-28. 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 prompt corrective action regarding Thread Bank, dated 2021-11-04. 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 Thread Bank, dated 2021-11-04. No termination of the action appears in the source record.
Source: Federal Deposit Insurance Corporation, retrieved Aug 11, 2026, snapshot 307da53793f0.
Terminated Dec 22, 2025.
The Federal Deposit Insurance Corporation issued a cease and desist / consent orders regarding Thread Bank, dated 2024-05-21. The action was terminated on 2025-12-22.
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 Thread Bank, dated 2025-12-22. 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. 9499)
- Federal Reserve NIC profile (RSSD 841838)
- 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: 5 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 769a01fc854f
- Federal Deposit Insurance Corporation, retrieved Aug 11, 2026, snapshot 307da53793f0
To report an inaccuracy in this profile, see the corrections policy.