Moonstone Bank
Banking · Washington, United States · 11-50 Employees
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Overview
Headquarters
Bellevue, Washington, United StatesWebsite
www.moonstonebank.comRevenue
$10.2 MillionIndustry
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Share Placement
$11.5M
Moonstone Bank Tech Stack
A closer look at the technologies used by Moonstone Bank
Moonstone Bank News & Media
Farmington State Bank Consents to Federal Reserve Order
FARMINGTON, Wash.--(BUSINESS WIRE)--Farmington State Bank has consented to the Federal Reserve order published today. All bank regulatory approvals for the assumption of deposits and the purchase of assets by Bank of Eastern Oregon of Farmington State Bank have been received. The transaction is expected to close by August 31, 2023. Farmington State Bank looks forward to working with the Federal Reserve and the Washington DFI on the orderly liquidation and wind down of the bank.Moonstone Bank, the Washington state bank with ties to FTX, will wind down crypto operations
Moonstone Bank, the digital lender with ties to FTX, announced this week it will wind down plans to offer banking services for industries such as crypto and cannabis. The move is a sudden pivot from the company’s original ambitions to turn the centuries-old Farmington State Bank, a tiny lender near the Washington-Idaho border, into a tech-focused financial company. “The change in strategy reflects the impact of recent events in the crypto assets industry and theMoonstone Bank to Refocus on Community Bank Role, Exit Crypto Space
FARMINGTON, Wash.--(BUSINESS WIRE)--Farmington State Bank, d/b/a Moonstone Bank, announced today that the bank is returning to its original mission as a community bank and is discontinuing its pursuit of an innovation-driven business model to develop banking services for industries such as crypto assets or hemp/cannabis. The change in strategy reflects the impact of recent events in the crypto assets industry and the resultant changing regulatory environment relating to crypto asset businesses.MOONSTONE BANK- INTEND TO FILE A MOTION WITH DELAWARE BANKRUPTCY…
MOONSTONE BANK- INTEND TO FILE A MOTION WITH DELAWARE BANKRUPTCY COURT ASKING FOR CLEAR DIRECTION ...
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Frequently Asked Questions Regarding Moonstone Bank
Moonstone Bank is a digital bank focused on serving the mass-affluent and tech-savvy high net worth individuals and the newer, innovative and disruptive small and medium enterprises (SME) that have difficulties finding adequate banking services.... Read More