FDIC Order Forces Lineage to Rebuild Capital and Earnings

Lineage Bank , which was a partner bank for Synapse, the banking-as-a-service (BaaS) provider that went bankrupt in 2024, has reached a consent order with the Federal Deposit Insurance Corporation (FDIC). According to the consent order dated June 24 and announced by the FDIC in a Friday (July 31) press release , Lineage Bank “has consented, without admitting or denying any charges of unsafe or unsound banking practices, to the issuance” of the consent order by the FDIC.