Stripe’s first employee, the founder of fintech Increase, sort of bought a bank

It’s an open secret in the fintech world that the founder and CEO of startup Increase, Darragh Buckley, has been trying for years to “buy a bank,” as one person familiar with the landscape told TechCrunch. 

A couple of weeks ago, he basically succeeded. 

He bought a big enough stake in Twin City Bank to trigger a public disclosure of the transaction by the Federal Reserve Board. Such share purchases are then subject to FDIC approval. Twin City is a small community bank in Longview, Washington, about an hour north of Portland, Oregon….