It’s official: SoFi (SOFI) just became a bank. On January 18, the financial services name received a stamp of approval from the Office of the Comptroller of the Currency (OCC) and the Federal Reserve to become a bank holding company through its acquisition of Golden Pacific Bancorp.
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With this bank charter enabling the company to offer more affordable interest rates and higher-yielding customer accounts, will SoFi take off in the year ahead?
Check out the video below to get the full scoop:
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