WASHINGTON — A team of attorneys from the Nelson Mullins FinTech and Regulation Practice, Richard Levin, Brennan Ryan, Robert Klingler, Kevin Tran, Bobby Wenner, and Brandon Hill advised Vast Bank N.A. (Vast Bank) in the negotiation of an agreement with Robert Gregory Kidd. Pursuant to the agreement, which is subject to regulatory approval, Kidd will invest $48 million into Vast Bank’s holding company, Vast Holdings Inc. The deal is expected to close in December 2023 or the first quarter of 2024.
 
Vast is an Oklahoma-based bank that built its reputation on personal service, flexibility, and integrity for a variety of commercial, private banking, and consumer banking customers in northeastern Oklahoma.

Beginning in 2019, Vast added a range of digital banking services such as cryptocurrency to its product mix. In just a few years, the company successfully attracted thousands of account holders and generated meaningful assets in this rapidly changing space.
 
Mr. Kidd is an entrepreneur and investor, CEO of a technology company, former federal regulator, and advisor to banks and non-bank financial institutions. Mr. Kidd has a long-standing commitment to unlocking financial access through digital identity solutions.
 
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