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Investing.com -- Starling Bank, a major UK mobile-only bank, is seeking to purchase a nationally chartered bank in the United States as part of its expansion strategy, according to Bloomberg, citing a source familiar with the matter.
The London-based financial institution plans to begin hiring US bankers this summer to start the acquisition process. Starling is primarily targeting banks on the East Coast with approximately $2 billion in assets, the source said.
This move follows Starling’s initial entry into the US market earlier in 2025 when it announced plans to offer its banking technology in the country and established a subsidiary in Delaware.
According to the source, Starling aims to acquire a bank with outdated digital services that could benefit from Starling’s modern banking technology platform.
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