Headquartered in Salt Lake City, Utah, First Electronic Bank (FDIC-Insured, Utah State-Chartered Industrial Bank) has over two decades of experience serving as an originating bank sponsor for fintech innovators and specialty lenders. Having facilitated the origination of over $40 billion in loans across multiple market cycles, First Electronic Bank (FEB) provides the regulatory, balance sheet, and operational framework required to launch and scale credit offerings nationwide.

Leveraging Utah’s industrial bank charter model, FEB enables non-bank platforms to issue credit products across the full risk spectrum—ranging from prime to subprime consumers, as well as small business borrowers. The bank provides interest rate exportation authority under federal law, facilitating uniform credit terms nationwide. Through its modern banking infrastructure, FEB offers API-driven credit origination, custom card program sponsorship across Visa, Mastercard, and American Express, and tailored capital execution frameworks.

• Industrial Bank Charter Power: Federal interest rate exportation authority under a Utah industrial bank charter for consistent nationwide credit offerings.

• $40B+ Origination Track Record: Over 20 years of experience originating credit products across prime, near-prime, and subprime consumer tiers, as well as SMBs.

• Multi-Network Card Sponsorship: Principal card issuing capabilities across Visa, Mastercard, and American Express networks for general-purpose credit and co-branded store cards.

• Point-of-Need & BNPL Origination: Specialized structures for e-commerce checkout installment plans, point-of-sale (POS) financing, and medical credit facilities.

• Modern Banking API Infrastructure: Unified API layer supporting automated underwriting, loan servicing integration, payment flows, and regulatory compliance monitoring.

Key Features

• Full-Spectrum Credit Origination: Flexible lending structures designed to support consumer installment loans, revolving lines of credit, and small business working capital facilities.

• Point-of-Sale & Buy Now Pay Later (BNPL): Programmatic origination rails supporting multi-pay e-commerce checkouts, deferred interest plans, and merchant-embedded credit.

• Credit Card Program Issuing: Turnkey sponsorship for consumer credit cards, credit-builder cards, and business credit cards with flexible risk and servicing parameters.

• Flexible Capital & Servicing Models: Support for diverse capital execution strategies, including warehouse funding, loan sales, secondary market distribution, and balance sheet retention.

• Embedded Regulatory & Risk Governance: Standardized CIP/KYC verification, Truth in Lending Act (TILA) disclosures, Fair Lending compliance, and active BSA/AML risk monitoring.