Credit One Bank
|Founded||San Rafael, California (1984)|
|Headquarters||6801 S Cimarron Rd, Las Vegas, Nevada, 89113 U.S.|
|Robert DeJong (CEO)|
|Revenue||US$ 581.565 million (2017)|
|US$ 142.804 million (2017)|
|Total assets||US$ 323.697 million (2017)|
|Total equity||US$ 173.574 million (2017)|
Number of employees
Credit One Bank, N.A., simply referred to as Credit One Bank, is a Las Vegas, Nevada-based bank and financial services company specializing in credit cards. It is a wholly-owned subsidiary of Credit One Financial, incorporated in Nevada. Credit One Financial is a Subchapter-S corporation that is affiliated with Sherman Financial Group, LLC through common beneficial ownership. As of 2020, Credit One Bank services more than 10 million cardholders across the United States.
National bank charter
Credit One Bank operates under a CEBA national bank charter (OCC Charter Number: 20291). This type of charter affects the bank's lending and deposit functions. Requirements are set forth in an amendment to the Bank Holding Company Act (BHCA), the Competitive Equality Banking Act of 1987, hence the term CEBA bank. Such an institution, including an institution that accepts collateral for extensions of credit by holding deposits under $100,000, and by other means can engage only in credit card operations; does not accept demand deposits or deposits that the depositor may withdraw by check or similar means for payment to third parties or others, does not accept any savings or time deposits of less than $100,000, maintains only one office that accepts deposits, and does not engage in the business of making commercial loans, other than credit card loans that are made to businesses that meet the criteria for a small business concern to be eligible for business loans under regulations established by the Small Business Administration under part 121 of title 13, Code of Federal Regulations. Any deposits are insured by the Federal Deposit Insurance Corporation (FDIC). Credit One's FDIC Certificate Number is 25620.
Credit One Bank began operations as a full-service bank under the name First National Bank of Marin (FNBM) in San Rafael, California, on July 30, 1984. FNBM maintained a wide range of products until 1995 when it began focusing primarily on two types of products, partially and fully secured credit cards. FNBM received a limited purpose designation from the Office of the Comptroller of the Currency (OCC), a bureau of the United States Department of the Treasury, in June 1996. Limited purpose banks offer only a narrow product line. The bank moved from San Rafael, California, to Las Vegas, Nevada, in November 1998. FNBM obtained its CEBA status in March 2005 and subsequently changed its name to Credit One Bank, N.A. on February 1, 2006.
In 2018, Credit One Bank relocated its headquarters to a 152,000-square-foot facility in Las Vegas eight miles to the west of its old headquarters, housing its corporate offices and its information technology, customer service, marketing, human resources, and finance departments.
The Credit One Bank logo and the Capital One logo are very similar in that they both have an arcing "swoosh" above their names. This has led to some confusion among consumers who believe the two are the same company. Credit One Bank adopted their black and blue logo in 2006 after they changed their name, and Capital One adopted their blue and red logo in 2008.
Credit One Bank first got involved with sponsorship with Chip Ganassi Racing in 2016. In 2017 Jamie McMurray sported a Credit One Bank No. 1 car for four races. The next year, the sponsor shifted to Kyle Larson who sported the No. 42 car in eight Monster Energy Cup events and two NASCAR Xfinity Series events. After Target’s departure from NASCAR after 2017, Credit One Bank became Larson's primary sponsor for the No. 42 Chevrolet starting the following season. Since 2016, Credit One Bank has been sponsoring the broadcast of the white flag lap of most NASCAR races. 
Starting in 2019, Credit One Bank became a founding partner with Minor League Baseball's Las Vegas Aviators, a Triple-A affiliate of the Oakland Athletics. Credit One Bank is also a sponsor of the NFL Las Vegas Raiders.
Credit One Bank sponsored a TV only 2020 women's tennis tournament, The Credit One Bank Invitational.
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- "Home Page". www.occ.treas.gov. Retrieved 29 September 2018.
- "FDIC: Credit Card Activities Manual". www.fdic.gov. Retrieved 29 September 2018.
- owner, name of the document. "FDIC: Credit Card Activities Manual". www.fdic.gov. Retrieved 29 September 2018.
- "12 U.S. Code § 1841. Definitions". Retrieved December 10, 2019.
- "FDIC: Credit One Bank, National Association". fdic.gov. Archived from the original on 19 March 2012. Retrieved 29 September 2018.
- "The Strange Case of the Look-Alike Credit Cards". Retrieved December 9, 2019.
- "Office/Retail/Mixed Use Best Project: Credit One Bank Corporate Headquarters and Campus". Retrieved December 9, 2019.
- "Credit One Bank becomes primary sponsor for Larson's #42 Chevy". Retrieved December 9, 2019.
- "NASCAR Relationship Demonstrates Credit One Bank's Broader Strategy". Retrieved September 18, 2020.
- "Credit One Bank Announces Partnership With Vegas Golden Knights". Retrieved December 9, 2019.
- "Credit One Bank & The Howard Hughes Corporation Announce New Las Vegas Aviators Multi-Year Founding Level Partnership". Retrieved December 9, 2019.
- "Oakland Raiders and Credit One Bank agree Allegiant Stadium partnership". Retrieved December 9, 2019.