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Ferdinand Dabitz
New bank charters have been rare since the financial crisis. “It’s time to build new banks again,” says Augustus National Bank President Greg Quarles. [Photo and Illustration courtesy of Augustus; composite image DI Studio]
Inside Augustus: The Thiel-Backed ‘Bank Made of Code’ Nearing a National Charter From Dallas
by Quincy Preston | Jun 24, 2026
The prospect of building a bank for the AI era from scratch was enough to pull Greg Quarles from the top job at another bank. Now the veteran regulator and three-time bank CEO explains why he joined the upstart reinventing how money moves—and the 25-year-old founder he calls “the brightest guy I’ve ever met.”
