Solera National Bank
Solera National Bank is an FDIC-insured, publicly traded national bank (OTCMKTS: SLRK) based in Lakewood, Colorado, serving business, self-directed retirement, nonprofit, and personal banking customers nationwide through a digital-first platform with dedicated relationship managers.
- Company typePublic
- Founded2007
- HeadquartersLakewood, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Solera National Bank does
Solera National Bank is an FDIC-insured national bank founded in 2007 and headquartered at 319 S Sheridan Blvd, Lakewood, Colorado. It is publicly traded on OTCMKTS under ticker SLRK and operates as a nationally chartered bank under Colorado jurisdiction, employing 51–100 staff. The bank runs a digital-first, boutique-style model—online account opening, mobile and online banking, live-agent support from 7am–5pm MT, and a personalized virtual assistant ('Sunny') for after-hours coverage—augmented by dedicated relationship managers reached via Calendly scheduling.
The bank serves three primary customer verticals: Business Banking (corporations, partnerships, LLCs needing treasury management, Positive Pay fraud protection, wires, ACH, and remote deposit capture); Self-Directed Retirement (IRA-owned LLC, Solo 401(k), IRA Trust, and custodial IRA checking accounts giving investors checkbook control over alternative investments including real estate and private equity, financed through the Solera Lending sub-brand's non-recourse loans); and Non-Profit Banking (fee-free checking with ACH origination, wires, and mobile deposit). A secondary Personal Banking segment offers consumer checking and savings. Technology stack is built on a digital banking platform with mobile and online channels and integrations with all nine major financial data aggregators (including QuickBooks and Xero).
Solera generates revenue primarily through traditional bank interest income from lending activities (real estate loans, business loans, personal banking) and transactional banking fees (monthly service charges waived with minimum balances, wire fees, remote deposit capture fees). Disclosed annual revenue is $83.83M with a 27.46% net margin and Q1 2026 net income of $6.7M; interest-bearing checking (Elevate Checking at 12.02% APY through 12/31/2031, Money Market at 4.07% APY) is positioned as a flagship customer-acquisition product. Insider ownership is concentrated at 65.56% (Michael Quagliano holds 62.99%), and in November 2025 the bank rejected a $70M takeover bid from Brazilian firm Eleva Rewards, characterizing it as 'grossly inadequate'.
Solera National Bank firmographics
Firmographics- Name
- Solera National Bank
- Legal name
- Solera National Bank
- Website
- https://solerabank.com
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Solera National Bank is an FDIC-insured, publicly traded national bank (OTCMKTS: SLRK) based in Lakewood, Colorado, serving business, self-directed retirement, nonprofit, and personal banking customers nationwide through a digital-first platform with dedicated relationship managers.
- Ownership category
- akta.pro rank
Solera National Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)
- akta.pro secondary industry
- Affluent / Mass-Affluent Private Banking (FSABADAC)
Keywords
Where Solera National Bank is headquartered
LocationHeadquarters
- HQ city
- Lakewood
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Solera National Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Interest Income: Traditional bank interest income from lending activities including real estate loans, business loans, and personal banking products
- Banking Fees and Service Charges: Monthly service fees (waived with minimum balances), wire transfer fees, remote deposit capture fees, and other banking service charges
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Elevate Checking - High-yield checking with 12.02% APY |
| Subscription | Monthly | High Yield Savings - 4.07% APY savings |
| Subscription | Monthly | Effortless Checking - Basic business checking |
| Subscription | Monthly | Elevate Checking Business - Interest-bearing business checking |
| Unit Pricing | Monthly | Non-Recourse Real Estate Loans |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Solera National Bank product offering
Product offeringCore offering
Solera National Bank is an FDIC-insured national bank that provides deposit accounts, lending, and treasury management products to business, self-directed retirement, and non-profit customers. Core offerings include business checking (Effortless Checking, Elevate Checking), high-yield savings/money market, self-directed IRA/Solo 401(k) checkbook-control checking, and non-recourse real estate loans for retirement accounts. Services are delivered via online banking, a mobile app, and dedicated relationship managers.
Product overview
Solera National Bank is a FDIC-insured national bank offering a suite of banking products across Business Banking, Self-Directed Retirement, and Non-Profit Banking segments. The core products include Business Banking (Effortless Checking and Elevate Checking), Self-Directed Retirement accounts (Solo 401(k) Checking, IRA LLC Checking, IRA Trust Checking, Custodial IRA options), and Non-Recourse Loans for real estate investments held in retirement accounts. Additional offerings include Money Market High Yield Savings, Positive Pay Fraud Protection, and Mobile/Online Banking services. The bank emphasizes a boutique approach with relationship managers alongside digital banking capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- Solera Lending: Non-recourse real estate lending for self-directed IRAs and Solo 401(k) plans, offering loans for single-family homes, multi-unit properties, condos, and townhouses.
Products and services
- Business Banking
- Self-Directed Retirement Banking
- Retirement Real Estate Loans (Non-Recourse)
- Non-Profit Banking
- Elevate Checking (Personal)
- Money Market High Yield Savings
- Effortless Checking (Business)
- Elevate Checking Business
- Solo 401(k) Checking
- IRA LLC Checking
- IRA Trust Checking
- Custodial IRA with LLC Checking
- Custodial IRA with Trust Checking
- Positive Pay Fraud Protection
Quantifiable outcome
- 12.02% APY on Elevate Checking - highest available rate guarantee through 2031
- +2 more outcomes
Companies that use Solera National Bank
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
Solera National Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature2 records
Solera National Bank partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- QuickBookscoreData aggregator partnership enabling seamless integration with QuickBooks for account connectivity and financial management sync. Part of 'all 9 major data aggregators' partnered with for real-time connectivity.
- XerocoreData aggregator partnership enabling seamless integration with Xero for account connectivity and financial management sync. Part of 'all 9 major data aggregators' partnered with for real-time connectivity.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Solera National Bank competitors and assessment
Company assessmentEmerging players
- Mercury: Digital-first fintech specializing in business banking for startups, SMBs, and nonprofits with competitive rates and QuickBooks/Xero-style integrations. Comparable as a non-bank or partnership-bank competitor pursuing the same tech-forward SMB and nonprofit deposit segments as Solera.
Direct peers
- First Internet Bank of Indiana: Pioneer of digital-only, FDIC-insured banking for consumers and small businesses, trading on a public exchange. Closely comparable to Solera's nationwide digital banking approach with relationship management and competitive deposit rates for underserved niches.
- LendingClub: FDIC-insured digital bank providing high-yield deposits and small-business credit products with a public-market presence. Directly comparable to Solera in competing for self-employed, SMB, and yield-seeking retail deposits through digital onboarding and relationship-based service.
- Equity Trust Company: Self-directed IRA custodian that integrates with partner banks to provide checkbook-control IRA services for real estate and alternative investing. Closely comparable to Solera's self-directed IRA checking franchise, serving the same alternative-investment customer base via the same architectural model.
- Axos Financial: Public digital-first bank (FDIC-insured) providing business and consumer banking with no physical branch network. Comparable to Solera in leveraging digital onboarding, integrated accounting software partnerships, and competitive rates to attract small business and self-directed customers nationwide.
- Blue Foundry Bancorp: Small public community bank pivoting toward digital and small-business banking while maintaining FDIC-insured operations. Comparable in size, public-company status, and repositioning strategy toward digital and specialty SMB deposit gathering.
- Bank7 Corp: Public small-cap bank (under $2B in assets) focused on commercial and small business banking with relationship-driven deposit gathering. Comparable to Solera in scale, structure, and reliance on boutique-style service rather than mass-market branch networks.
- Live Oak Bancshares: Small-cap public bank specializing in non-traditional lending niches (small business, government-guaranteed lending) as a publicly traded, FDIC-insured institution. Comparable to Solera in being a focused sub-$2B-asset public bank that uses digital channels to win underserved segments rather than competing via branch density.
- Customers Bancorp: Mid-sized public bank offering commercial and small business banking with a digital platform (Customer Service Digital) and specialty deposit products. Comparable in operating scale, public-market structure, and focus on tech-forward SMB banking nationwide.
Broad incumbents
- NorthWest Bank (formerly Northwest Bancshares): Large public regional bank providing business banking, treasury management, and specialty lending including self-directed retirement services. Broadly comparable as a much-larger incumbent offering overlap with Solera's self-directed IRA and SMB banking capabilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Solera National Bank social profiles
Digital presenceSolera National Bank compliance and trust
Trust signalCompliance1 record
Solera National Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Solera National Bank leadership team
Management profileNumber of profiles
Profiles6 records
Solera National Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Solera National Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Solera National Bank
What does Solera National Bank do?
Solera National Bank is an FDIC-insured national bank that provides deposit accounts, lending, and treasury management products to business, self-directed retirement, and non-profit customers. Core offerings include business checking (Effortless Checking, Elevate Checking), high-yield savings/money market, self-directed IRA/Solo 401(k) checkbook-control checking, and non-recourse real estate loans for retirement accounts. Services are delivered via online banking, a mobile app, and dedicated relationship managers.
Is Solera National Bank a public or private company?
Solera National Bank is a public company. It is classified as public and is currently operating.
When was Solera National Bank founded?
Solera National Bank was founded in 2007. It employs 51 to 100 people.
Where is Solera National Bank based?
Solera National Bank is headquartered in Lakewood, United States, in the North America region.
How does Solera National Bank make money?
Two revenue lines are on record. Interest Income is the primary driver. The others are banking Fees and Service Charges.
Who are Solera National Bank's main competitors?
Mercury is listed as an emerging player. Direct peers are First Internet Bank of Indiana, LendingClub, Equity Trust Company, Axos Financial, Blue Foundry Bancorp, Bank7 Corp, Live Oak Bancshares and Customers Bancorp. NorthWest Bank (formerly Northwest Bancshares) is listed as a broad incumbent.
Does Solera National Bank have an API?
No public API is recorded for Solera National Bank.
What industry is Solera National Bank in?
Solera National Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAI, Small Business Banking (Microbusiness/Sole Proprietor), with a secondary code of FSABADAC, Affluent / Mass-Affluent Private Banking. Its NAICS code is 52211 and its SIC code is 6021.