Hatch Bank
Also a provider — view Hatch Bank’s profile →“Can a small California-chartered bank owned by Firstrust become a leading sponsor bank for embedded lending and commercial card programs while avoiding the regulatory pitfalls that have hit other BaaS banks?”
Founded1990
HQSan Marcos, California, USA
IndustryBank / Sponsor
The story
Hatch Bank traces its roots to Rancho Santa Fe Thrift & Loan, a California thrift acquired by Firstrust Bank in 1990. In recent years the bank has repositioned itself as a purpose-built sponsor bank for fintechs, focusing on embedded lending (renewable energy, healthcare finance, home improvement/POS) and commercial card issuing rather than traditional community banking. Anchor fintech partnerships include Wisetack (since 2020), HFD (healthcare financing), Mercantile, and Sungage Financial.
Last 12 months
Product timeline
1990
Rancho Santa Fe Thrift & Loan acquired by Firstrust Bank, later rebranded as Hatch Bank· acquisition
2020
Launched sponsor banking partnership with Wisetack to enable embedded consumer financing for home improvement and in-person services· lending
2026
Announced partnership with Sungage Financial to facilitate loans for residential solar and home efficiency projects· lending
2026
Added new executives to strengthen leadership in sponsor banking· pivot
Regulated entities
1
regulatory licence held by Hatch Bank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Hatch Bank’s embedded-finance stack
Banking / BaaS
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Sponsor bank
in the full report
Accounting gap: none
11 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.