Sutton Bank
Also a provider — view Sutton Bank’s profile →“Can a small Ohio community bank remain the go-to sponsor for the largest US consumer fintechs as BaaS regulatory scrutiny intensifies?”
Founded1878
HQAttica, Ohio, USA
FoundersLester Sutton
IndustryBank / Sponsor
The story
Sutton Bank is a 147-year-old community bank in Attica, Ohio that quietly became one of the most important sponsor banks in US fintech. It launched prepaid card issuing in 2002 through what is now the Sutton Payments Division and, by the 2010s, was issuing the cards behind Cash App, Robinhood, Monzo US and dozens of other fintech programs. Alongside this national BaaS business, it continues to operate a traditional Ohio community bank offering deposits, mortgages, ag lending and small-business loans.
Last 12 months
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Product timeline
1878
Founded by attorney Lester Sutton in Attica, Ohio to serve local merchants and farmers.· banking
2002
Launched prepaid card issuing business — one of the earliest sponsor banks in prepaid.· card
2017
Became issuing sponsor bank for Square's Cash App Prepaid Card (Cash Card).· card
2019
Sponsor bank for Robinhood Cash Management / Robinhood Prepaid Card program.· card
2022
Issuing sponsor bank for Monzo's US Mastercard prepaid program.· card
2025
Ongoing sponsor-bank programs including Drop Pay wearable prepaid Mastercard.· card
Regulated entities
1
regulatory licence held by Sutton Bank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Sutton Bank’s embedded-finance stack
Payments / PSP
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Accounting gap: minor
23 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.