Thread Bank
in the United States 🇺🇸
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About Thread Bank in the United States
Thread Bank is a technology-enabled community bank specializing in Banking-as-a-Service (BaaS) solutions and digital-first banking. Headquartered in Rogersville, Tennessee, Thread Bank operates as an FDIC-insured institution serving individuals, small businesses, entrepreneurs, fintechs, and brands nationwide. With approximately $823 million in total assets and $741 million in deposits as of August 2022, the bank combines traditional community banking roots with innovative embedded banking capabilities. Thread Bank enables fully compliant financial solutions that integrate seamlessly into customer experiences through modern technology platforms.
The bank operates three offices in Eastern Tennessee while extending its digital banking services across the United States through partnerships with fintech companies. Thread Bank's business model emphasizes a compliance-first approach to deposit platforms, enabling partners to receive funds, make payments, create cards, establish merchant accounts, and provide loan access.