The FDIC signed off on deposit insurance for Augustus National Bank, a Dallas-based startup planning to offer deposit, loan, payment, and cryptocurrency products with an “AI-native” core. The bank also plans to issue a stablecoin through a subsidiary.
The approval follows the OCC’s conditional charter approval in May.
FDIC approval release: https://www.fdic.gov/news/press-releases/2026/fdic-approves-deposit-insurance-application-augustus-national-bank-na