Vast Bank

What Vast Bank does

Vast Bank, N.A. is a nationally chartered, OCC-regulated, FDIC-insured community bank headquartered in Tulsa, Oklahoma, operating four branches across the Tulsa metro (with the Utica Square location temporarily closed for remodel). Founded in February 1982 originally as Valley National Bank and rebranded to Vast Bank in 2017, the institution has transitioned through multiple ownership and leadership changes, including the 2017 Biolchini succession and the 2024 majority investment by Robert Gregory Kidd alongside the appointment of Jeff Pickryl as CEO. Doug DeJarnette currently serves as Interim CEO and Market President.

The bank operates a full-service retail, business, and private banking franchise. Core deposit products include Rewards Checking (up to 2.50% APY), Easy Checking, Interest Plus Checking, Personal Savings, Platinum Savings, Money Market, and certificates of deposit with CD Specials offering up to 3.55% APY. Lending spans personal loans, vehicle/boat/RV financing, small and large business loans (including SBA 7(a) and 504), business lines of credit, jumbo mortgages, aircraft financing, and oil and gas credit facilities. Differentiated offerings include BusinessManager (receivables-based working capital financing), Deposit Protect Plus (up to $50M in FDIC coverage via multi-bank sweep), and a full suite of Treasury Management services (ACH, remote deposit, positive pay, lockbox, merchant services). Private Bank serves high-net-worth individuals with concierge-style banking. Digital channels include a mobile banking app with Zelle and personal finance management tools, plus online account opening.

Revenue is generated primarily through net interest income (the spread on loans versus deposits), transaction fees on commercial and personal accounts, receivables financing fees from BusinessManager, and treasury management service charges. The bank's most significant strategic initiative is a tri-party partnership with USBC, Inc. and Uphold to launch retail tokenized deposits in 2026. Under this model, Vast Bank issues FDIC-insured tokenized U.S. dollar deposits, USBC operates the underlying blockchain network, and Uphold distributes the product to its global customer base, effectively extending the bank's reach far beyond its Tulsa footprint while preserving bank-grade deposit protections. The technology stack combines core banking infrastructure (FIS mobile platform) with third-party integrations for credit monitoring, personal finance management, and a forthcoming privacy-preserving blockchain layer for tokenized deposits.

Name

Vast Bank

Legal name

Vast Bank, N.A.

Website

https://vast.bank

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

101–250 employees

Short description

Vast Bank, N.A. is a Tulsa, Oklahoma-based OCC-chartered community bank serving consumers, small/mid-sized businesses, high-net-worth individuals, and commercial clients through 4 branches, digital banking, and a forthcoming tokenized deposit product distributed globally via a USBC/Uphold partnership.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Tokenized Bank Deposit & Commercial Bank Money Issuers (FSADADAB), Digital Banking & Neobank Platforms (BPAMAFAD), Treasury, Cash Management & Liquidity Tools (Sweeps, Cash Concentration) (FSAGAAAG), High-Net-Worth & Private Wealth Digital Platforms (Digital Private Banking) (FSAGAEAI)

Keywords

• Retail banking services
• Commercial lending
• Treasury management
• Private banking services
• Tokenized deposits

Headquarters

HQ city

Tulsa

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Traditional banking revenue from the spread between interest earned on loans and interest paid on deposits. Interest-bearing accounts include Rewards Checking (up to 2.50% APY), Platinum Savings (2.50% APY), various CD products, and loan products.
2. Banking Fees and Service Charges: Monthly maintenance fees on certain accounts (e.g., $10 Commercial Checking, $15 Interest Plus Checking), per-item fees, and fees for excessive withdrawals. Additional revenue from services like wire transfers, cashier's checks, and notary services.
3. BusinessManager Receivables Financing: Revenue from purchasing receivables at a mutually agreed-upon rate, providing working capital to businesses in exchange for a financing fee.
4. Treasury Management Services: Revenue from services including ACH processing, merchant services, lockbox, positive pay, and other cash management solutions for commercial clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels8 records

Core offering

Vast Bank, N.A. is a full-service OCC-chartered community bank offering personal and business deposit products (checking, savings, money market, CDs), consumer and commercial lending, treasury management, receivables financing through its BusinessManager product, and concierge private banking for high-net-worth clients. The bank is also developing tokenized U.S. dollar deposit accounts on blockchain in partnership with USBC and Uphold, planned for launch in 2026, providing FDIC-insured digital dollars with programmable features.

Product overview

Vast Bank, N.A. operates as a full-service financial institution offering a comprehensive banking product portfolio. The core offering includes personal and business deposit products (Checking, Savings, Certificates of Deposit, Money Market accounts) and lending products (Personal Loans, Business Loans, Jumbo Loans). Key differentiated offerings include Rewards Checking (up to 2.50% APY), Deposit Protect Plus (up to $50 million FDIC coverage), BusinessManager (invoice financing for working capital), and Treasury Management services for corporate cash flow management. The bank also provides Private Bank services for high-net-worth clients and is actively developing tokenized deposit offerings in partnership with USBC and Uphold.

Differentiator

Problem solved

Functional benefit

Products and services

• Rewards Checking High-yield personal checking account offering up to 2.50% APY on balances up to $25,000 (0.12% APY above $25,000), targeted at digitally focused consumers who use ACH direct deposits and debit cards. Qualification requires 15+ debit card transactions, 1 ACH credit + 1 ACH debit, e-statements, and monthly login.
• Easy Checking No-frills personal checking account with no monthly maintenance fee, no minimum balance, unlimited transactions, complimentary debit card, and eStatements, designed for mass-market consumers.
• Interest Plus Checking Interest-bearing personal checking account with $15 monthly maintenance fee (waivable with $1,000 minimum daily balance, $5,000 total deposits, or age 55+); earns 0.02% APY and includes complimentary cashiers checks and a free safe deposit box for one year.
• Platinum Savings High-yield personal savings account earning 2.50% APY on all balances with no monthly maintenance fee, subject to two withdrawals per month (with $10 fee per excessive withdrawal).
• Personal Savings Traditional personal savings account offering 0.20% APY on all balances with a $100 minimum to open and a $2 monthly maintenance fee (waivable with $100 average daily balance), subject to two withdrawals per month.
• Money Market Savings account with tiered interest rates by balance tier ($1,000-$9,999.99: 0.50% APY; $10,000-$49,999.99: 0.75% APY; $50,000-$99,999.99: 1.00% APY; $100,000+: 1.25% APY) with check-writing capabilities and six free monthly withdrawals.
• Certificates of Deposit (CDs) Fixed-term savings products including CD Specials (3-month: 3.55% APY; 6-month: 3.50% APY; 12-month: 3.25% APY; 24-month: 2.75% APY with $1,000 minimum) and Standard CDs with terms from 3 to 60 months (up to 2.50% APY on 60-month). CDs auto-renew to standard CD at maturity.
• Personal Loans Flexible personal lending solutions including unsecured personal loans with fixed and variable rate options, plus vehicle, boat, and RV financing at competitive rates, for individual borrowers.
• Small Business Checking Business checking account with no minimum balance, no monthly maintenance fee, complimentary business debit cards, and first 100 items free per month ($0.50 per additional item).
• Commercial Checking Business checking account for larger corporations with moderate to heavy transaction activity: $10 monthly maintenance fee (waivable with $1,500 daily balance), earnings credit on deposit balances to offset fees, no transaction limits, $0.20 per debit/credit item, and $0.075 per transit item.
• Business Savings Business savings accounts including Business Platinum Savings (high-yield, no monthly fee) and Business Money Market (tiered APY up to 1.25% on $100,000+, $10 monthly fee waivable with $1,000 balance).
• Business Loans Small business financing products including Lines of Credit (12-month revolving), Term Loans (equipment, vehicles, expansion), and SBA Loans (7(a) and 504 programs) for working capital and growth financing.
• BusinessManager (Invoice Financing) Receivables financing solution that purchases business invoices upon receipt at a mutually agreed-upon rate, providing businesses with immediate working capital rather than waiting 30-90 days for customer payment.
• Treasury Management Corporate cash management services for businesses including ACH Credits/Debits, ICS & CDARS (FDIC insurance), Remote Deposit, Merchant Services, Positive Pay, Lockbox, Loan Sweeps, Domestic Wires, and Online Bill Pay.
• Deposit Protect Plus FDIC insurance enhancement program providing up to $50 million in coverage by automatically allocating business deposits exceeding the $250,000 standard limit across participating banks within the program, with daily liquidity and anonymous deposits at other institutions.
• Private Bank Concierge-style private banking service for high-net-worth individuals and professionals, offering Lines of Credit secured by Investment Portfolios, Premium Financing, Jumbo Home & Construction Loans, Aircraft Financing, Commercial Real Estate Loans, Professional Practice Buy-in Loans, Private Checking & CDs, and Premium Money Market.
• Jumbo Loans Mortgage loans for financing homes exceeding conventional loan limits, offering competitive rates with fixed or adjustable-rate options, tailored to the complex financial situations of high-net-worth borrowers.
• Tokenized Deposits Retail tokenized U.S. dollar deposit offering developed in partnership with USBC (network operations) and Uphold (distribution). Deposits are represented on a privacy-preserving blockchain and offer FDIC insurance, interest, and stablecoin-like features including cross-border payments and programmable transactions; targeted for global distribution via Uphold's platform.

Quantifiable outcome

• Up to 2.50% APY on Rewards Checking balances up to $25,000
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Two partnerships are on record, tiered flagship.

• USBC, Inc.flagshipStrategic or Co-development Partner · 19 March 2026Vast Bank partnered with USBC, Inc. and Uphold to develop and commercialize regulated, tokenized bank deposits. USBC operates a tokenized bank-deposit network and Bitcoin treasury model. Responsibilities are split across issuance (Vast Bank), distribution (Uphold), and network operations (USBC). The partnership aims to launch the world's first retail tokenized deposit offering, enabling global access to FDIC-insured U.S. dollar deposit accounts on blockchain technology.
• UpholdflagshipChannel Partner/ Reseller/ Distributor · 23 October 2025Uphold serves as the distribution partner for Vast Bank's tokenized U.S. dollar deposit accounts. Uphold's customers worldwide will gain access to Vast Bank's FDIC-insured tokenized deposits starting in 2026. The deposits offer FDIC insurance, interest, and stablecoin-like features including cross-border payments and programmable transactions on a privacy-preserving blockchain.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Blue Ridge Bankshares: Mid-Atlantic community bank with a long history of fintech and embedded banking partnerships; directly comparable to Vast as a regional bank monetizing its charter via digital partnerships.
• Customers Bank: Community bank that pioneered US-bank-issued tokenized deposits (via Jiko) and competes in the same regulated digital deposit space Vast is now entering through USBC/Uphold.
• Sutton Bank: Federally chartered Ohio community bank that monetizes its charter by providing BaaS rails to fintechs and prepaid issuers; analogous in business model to a Vast that increasingly distributes deposit products via partners like USBC and Uphold.
• Quontic Bank: CDFI-certified, digital-first US community bank with competitive high-yield checking and savings products aimed at digitally native consumers; very similar product positioning to Vast's Rewards Checking/Platinum Savings.
• Live Oak Bank: Technology-forward community bank specializing in niche commercial verticals with digital origination; comparable to Vast's specialty commercial lending (oil & gas, syndicate) combined with digital capabilities.
• Axos Bank: Digital-first US bank with national deposit gathering (high-yield savings, CDs, checking) and no traditional branch network; competes directly with Vast's digital rewards products at national scale.
• Metropolitan Commercial Bank: New York commercial bank with a specialty in fintech-anchored deposit gathering, BaaS and payments; comparable to Vast in its mix of commercial banking and embedded finance/distribution revenue.

Emerging players

• Mercury: Digital-native US banking platform targeting startups and tech companies; relevant emerging competitor to Vast's deposit franchise and a benchmark for technology-led deposit gathering without branches.

Regional players

• BOK Financial Corporation: Tulsa-headquartered regional financial holding company and Vast's largest direct in-market competitor across commercial, private and consumer banking in Oklahoma.

Broad incumbents

• JPMorgan Chase: Diversified US banking incumbent operating JPM Coin / Onyx tokenized deposit initiatives; sets the regulatory and competitive ceiling for tokenized deposit adoption that Vast is targeting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/vastbankNA
• LinkedInlinkedin.com/company/vastbank
• Instagraminstagram.com/vastbank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vast Bank