Bank tracked in the Embedded Finance Index. Named by 41 companies, most often as their banking-as-a-service.
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41 companies name Thread Bank in their stack. The most common role is banking-as-a-service (35). A company can use the same bank for more than one thing.
Thread Bank is a Tennessee community bank whose lineage dates to 1906 (Civis Bank) but was recapitalized in May 2021 by seasoned banking and fintech investors to reposition as a 'fintech-enabled community bank.' Since then it has invested in a modern embedded-banking stack — Finxact core, Infinant as the embedded layer, LoanPro for lending — and built a sponsor-bank BaaS business under the 'threadconnect' and 'Threaded Payments' brands, serving fintechs, consumer brands, and vertical SaaS. As of late 2025 it reports $2B+ in partner deposits growing ~75% annually, making it one of the newer post-Synapse-era US sponsor banks scaling program-partner relationships.
Other banks named for BaaS in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
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<img src="https://www.embeddedfinanceindex.com/api/badge/thread-bank/install" width="1" height="1" alt="" style="display:none">41 companies disclose Thread Bank in their stack in the Embedded Finance Index 2026, including Ameristar Investment, TruckSmarter, Checkr, Thread, Affiniti, Float, Yepzy, Sequence, Truss Payments, Toast and 2 others.
Thread Bank is a bank. Companies in the Embedded Finance Index 2026 name it as their banking-as-a-service (35), sponsor bank (31) and card issuer (8).
Yes: FDIC enforcement action 2024.
The most-disclosed BaaS alternatives to Thread Bank are Evolve Bank & Trust (72 buyers), Sutton Bank (64 buyers), Cross River (56 buyers), Pathward (47 buyers), ClearBank (40 buyers) and Community Federal Savings Bank (30 buyers).
Thread Bank is founded in 1906 and headquartered in Nashville, Tennessee, USA.
Thread Bank has raised $100M+ Tier 1 capital in total.
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