The Bancorp in Sioux Falls, S.D., has renewed its banking services agreement with Chime Financial.
The $7.6 billion-asset company said in a press release that it entered into a “long-term extension” that will allow it to continue to hold Chime member deposits, among other things.
“We are thrilled to not only renew, but to also expand our partnership with Chime, as it solidifies our dedication to driving the future of fintech,” Ryan Harris, The Bancorp’s head of fintech solutions, said in the release.
“We are committed to embracing innovation and redefining what is possible in the world of banking,” Harris added. “Our goal is to not only meet but exceed the needs and expectations of Chime members now and into the future.”