The Federal Reserve approved an application by the founder of Increase, a customer-facing API company, to buy Twin City Bancorp in Longview, Wash.
Darragh Buckley is also listed on his LinkedIn account as a director of Washington Business Bank.
Twin City is the holding company for the $70 million-asset Twin City Bank.
Buckley filed to personally buy Twin City; it is unclear if his strategy involves pairing the bank with Increase.
Increase works with several fintechs, Gusto, Pipe, and Ramp. It lists two bank partners: First Internet Bank and Grasshopper Bank.