Darragh Buckley, founder and CEO of fintech Increase, has acquired a controlling stake of over 10% in Twin City Bank, a community bank based in Longview, Washington. The transaction, finalized in mid-2025, triggered Federal Reserve disclosure requirements and received FDIC non-objection approval. Unlike most fintech founders who acquire banks to use them as sponsor banks for their products, Buckley stated he has no intention of folding Twin City into Increase’s operations, keeping the two entities separate. Increase, which processes over $100 billion annually with approximately 30 employees, builds developer-friendly APIs for payments and deposits for clients including Ramp and Check.
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