PYMNTS-MonitorEdge-May-2024

Farmington State Bank

Crypto Banks Hit Reset While Shedding Risky Innovation Ambitions
Crypto Banks Hit Reset While Shedding Risky Innovation Ambitions
January 25, 2023  |  Cryptocurrency

Smaller banks that sought to serve once-hot sectors like cryptocurrency are now exiting those verticals. This, as long-time crypto industry partner Silvergate Bank reports steep...

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A Tiny Washington Bank’s Crypto Entanglements Add to FTX Mystery
A Tiny Washington Bank’s Crypto Entanglements Add to FTX Mystery
December 02, 2022  |  Cryptocurrency

As has often been the story at FTX, nothing really adds up. Given the lack of clarity surrounding the events that led to the cryptocurrency...

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FTX Ties to Farmington State Bank in US Are Probed
FTX Ties to Farmington State Bank in US Are Probed
November 23, 2022  |  Cryptocurrency

One of the assets that have come to light during the bankruptcy of FTX is reportedly a stake in a U.S.-licensed bank, which it owns...

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