Press Release: FDIC Approves the Deposit Insurance Application for Augustus National Bank, N.A., Dallas, Texas

PRESS RELEASE | AUGUST 4, 2026 FDIC Approves the Deposit Insurance Application for Augustus National Bank, N.A., Dallas, Texas WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) today approved a deposit insurance application for Augustus National Bank, N.A. (Augustus National Bank), a newly chartered national bank to be headquartered in Dallas, Texas. The organizers of Augustus National Bank applied to the Office of the Comptroller of the Currency (OCC) for a national bank charter and received preliminary conditional approval on May 8, 2026. Augustus National Bank’s business model will focus on providing deposit and lending products to digital asset companies, high-net-worth individuals, artificial intelligence companies, technology companies, and international financial institutions, as well as virtual currency, payment, and treasury services. Augustus National Bank also plans to issue a stablecoin through a subsidiary, if approved as a permitted payment stablecoin issuer under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, and provide stablecoin-related services (e.g., issuance and redemption of partner stablecoins, custody, convers