VARO MONEY, INC. Financial Reports

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:· VARO MONEY, INC.

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General Interest
::	COVID-19 PPP National Summary
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Mergers & Acquisitions
::	Holding Company Mergers & Acquisitions
::	Bank Mergers & Acquisitions
::	Credit Union Mergers & Acquisitions

Off Balance Sheet
::	Holding Company Credit Default Swaps
::	Bank Credit Default Swaps
::	Derivatives
::	Credit Union Derivatives

VARO MONEY, INC.

Institution Profile

Year Opened :

2020

Institution Type :

Holding Company

Reserve District :

San Francisco

Federal Regulator :

FED

Entity Type :

Bank Holding Company

Fiscal Year End :

12/31

Structure :

Corporation (stock)

S-Corp :

External Auditor :

Ernst & Young LLP

Related Bank / Thrift	Assets	Asset Concentration
Varo Bank, National Association	427,165	Other Specialized Under 1 Billion

Financial Fast Facts
Balance Sheet (USD, in thousands)		Income Statement (USD, in thousands, ytd)

Total Assets	61,227	Total Operating Income	10
Total Liabilities	229	Total Operating Expenses	1,453
Total Equity Capital	60,998	Equity in Undistributed Income	(64,974)
		Net income (loss)	(66,417)

Miscellaneous
Cash Dividends Declared by Bank Holding Company	0
Total Consolidated Assets of Bank Holding Company	447,801

Source of Data: FDIC, FRB, NCUA, OCC, SEC, U.S. Department of the Treasury