A quarter of US households, representing 63 million adults, lack access to the regulated banking system for their day-to-day financial needs. Instead, they rely on costly non-bank financial instruments that add hundreds of dollars in fees every year to those least able to afford it.
These households are unbanked and underbanked because the regulated financial system finds them unprofitable.
Verdigris is building a new bank and technology company dedicated to serving low and moderate-income consumers and the businesses that serve them. We intend to provide low-cost and transparent banking services that profitably bring underserved communities into the financial mainstream.