Bank Declines Crypto Customer

From: XXXXX
Sent: Monday, November 13, 2023 4:59 PM
To: FDIC San Francisco Regional Office
Cc: XXXXX
Subject: Please RADD - Interim Bank Contact XXXXX
Categories: Gold

Include Email (Y/N): Y
Institution Name: XXXXX
City: XXXXX
State: XXXXX
Business Line: RM
Folder: Correspondence
Source: FO
Doc Name: Interim Bank Contact
Description: Interim Bank Contact - Call with CEO XXXXX on 10/30/23

On 10/30/23, FS XXXXX spoke with CEO XXXXX of XXXXX. Topics included the bank’s current condition, industry hot topics, and FDIC supervision. Highlights included the following:

• XXXXX

• Management opted not to move forward with the crypto relationship; the customer found another bank. CEO XXXXX noted that Case Manager XXXXX was very responsive to his questions,

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although he had not received feedback from the Washington Office at the time management decided not to move forward.

XXXXX

XXXXX
Field Supervisor, Division of Risk Management Supervision
Federal Deposit Insurance Corporation

XXXXX

FDIC