Citizens in Okla. to launch military focused digital bank

Citizens Bank of Edmond in Oklahoma is planning to create a bank specifically designed for newly enlisted members of the military and their families.

The $350 million-asset bank is working with Nymbus on the digital bank, which is expected to launch next year. 

“Collaborating with a partner just as passionate about this mission as myself and the entire Citizens Bank of Edmond team was top of mind,” Jill Castilla, Citizens’ CEO, said in a press release. 

"The choice was easy, and we now have an opportunity to leverage a modern, scalable platform that includes best-in-class operational and go-to-market support,” Castilla added. 

“We are excited to partner with Jill Castilla, a leading voice in the financial industry, to launch meaningful digital banking services to an often overlooked and underserved segment of customers,” Jeffery Kendall, Nymbus’ chairman and CEO, said in a press release. “As the bravest members of our society, they face unique circumstances and extraordinary challenges, and financial services shouldn’t be one of them.”

Citizens in May created ROGER, a mortgage platform that focuses on VA lending. 

Castilla, a military veteran, decided to launch the product after she and her husband tried to use VA financing to buy a home last year. They eventually abandoned the process because it was taking too long.