Sutton Bank
An Ohio bank behind many prepaid card programs, under a joint FDIC and Ohio BSA order since February 2024.
Sutton Bank is a state-chartered bank in Attica, Ohio, supervised by the FDIC. Its joint FDIC and Ohio consent order FDIC-23-0110b, dated February 1, 2024, centers on prepaid card programs run through third-party program managers. It requires a revised AML program with oversight of third parties that perform AML duties, an inventory of third-party relationships mapping each program manager’s AML responsibilities, customer identification rules imposed on program managers and a lookback of prepaid card customers from July 1, 2020. The FDIC had published no termination as of September 26, 2026.
- Country
- United States
- Primary federal regulator
- FDIC
- State regulator
- Ohio Department of Commerce, Division of Financial Institutions
- Charter type
- State-chartered commercial bank, not a Federal Reserve member
- FDIC certificate number
- 5962
- Publicly announced fintech partners
- Cash App (Cash App Prepaid Card, per Cash App's card agreement)
Prepaid programs listed on Sutton Bank's own prepaid agreements page
Marqeta (Sutton Bank described as its largest issuing bank in Marqeta's SEC filings) - Enforcement actions (regulator records)
Document Regulator Issued Status FDIC-23-0110b consent order (BSA/AML, prepaid program managers) FDIC and Ohio DFI (BA2023-01) Feb 1, 2024 In force (no termination published) - Date checked
Questions
Is Sutton Bank under an FDIC consent order?
What does the Sutton Bank consent order require?
Does the Sutton Bank order ban new fintech partners?
Which fintechs use Sutton Bank?
See also
- Sponsor-bank enforcement tracker
- Marqeta and Highnote, card platforms that name Sutton Bank as an issuer
- All sponsor banks
Sources
Source: FDIC BankFind, the FDIC, OCC and Federal Reserve enforcement records and state regulators’ orders, plus partner announcements by the banks or fintechs, as linked in each profile. How we build and refresh profiles: methodology.