- Key insight: A Utah bank is rebranding to a new name as it markets itself to fintechs looking for a bank sponsor.
- Forward look: The upcoming fintech-focused rebrand for the community bank will be launching June 30.
- Supporting data: As of year-end 2021, around 20% of the bank's total net loans were sourced from fintech loans.
Utah-based Capital Community Bank is preparing to rebrand to Quill Bank later this month.
The $1.5 billion-asset community bank announced last week that it is launching its new name and website as Quill Bank to serve "the fintech banking vertical," according to a statement.
The new bank brand will be officially launched on June 30. Chief business development officer Andrew Cusick told American Banker that the bank's legal and regulatory structure will remain unchanged, and the rebrand is a marketing initiative to "enhance current and future offerings."
"As a growing bank, we see this timing as a unique opportunity to rebrand for the future," Cusick said. "We are not shifting away from community banking customers, but creating a brand to enhance the visibility and branding for the fintech side of our bank. We will stay true to our community banking roots while continuing to innovate in the fintech space."
Capital Community Bank, which currently goes by
"The fintech space is driven by innovation, but innovation without a solid banking backbone can be a liability," Cusick said. "Quill Bank exists because the fintechs we work with deserve a brand that reflects the institution standing behind them."
The name is a reference to the antique writing instrument, according to a company statement, and is meant to reflect relationship-driven banking within the digital fintech space.
"We've always believed that banking done right is built on relationships and reputation," said CC Bank CEO Mike Watson. "Quill Bank is our way of bringing that philosophy to the fintech sector. As we grow and evolve, Quill gives our fintech programs a dedicated identity that speaks their language while drawing on everything we've built over the last few decades."
CC Bank is one of many community banks that has pursued sponsor bank partnerships with fintech companies due to a carveout in the 2010 Dodd-Frank Act, known as the
Other community banks that sponsor fintechs include
CC Bank previously got caught up in a California probe into one of its fintech partners, Wheels Financial Group, in September 2020. Wheels Financial Group offered auto-title loans under the LoanMart brand, and regulators were concerned at the time that the company partnered with CC Bank in an alleged effort to evade a state interest rate cap in California. The lender eventually entered a
CC Bank defended its fintech partnerships by setting up an
"As of year-end 2021, over 80% of our lending portfolio is comprised of 'traditional' loans unrelated to our fintech programs," a statement on the bank's webpage said. "In other words, although our lending programs with fintech are indeed an important part of our diversified lending business, these programs are by no means a solitary focus or a majority of the asset base for CCBank."
At the time of the statement, the bank had a net total of just over $406 million in loans and leases out of a total of approximately $522 million in assets under management, according to its year-end 2021 FDIC call report.
As of March 31, 2026, the bank reported $1.1 billion in net loans and leases in its latest FDIC call report. Cusick confirmed with American Banker that the bank's current ratio of fintech loans to overall net loans is similar to its reported 2021 ratio.
