The Federal Reserve has tried hard to buck Wyoming’s digital banks, but Custodia Bank CEO Caitlin Long comes from a state where the motto “Cowboy Up” comes as natural as breathing.
And that she has done, quietly in some cases, like the recent “soft” opening of Custodia Bank last month without fanfare or press release, even as the digital bank continues to fight with the Federal Reserve in court.
“In the banking world there’s really no such thing as a ‘soft’ opening,” Long told Cowboy State Daily. “You’re either open or you’re not. So, we haven’t used that term.”