Luna Parent, Inc. Rating Report

Company Profile

Luna Parent, Inc. (“the company” or “Luna”) (est. 2022) is the privately-held BHC for main subsidiary, Lead Bank (“Lead” or “the bank”), a MO state-chartered non-member FDIC bank. An investor group of seasoned fintech and financial executives acquired Lead with the intent of modernizing and diversifying the bank’s fintech platform. Lead operates three principal business segments - traditional community bank (“TCB”), digital currency banking (“DC”) and banking-as-a-service (“BaaS”) – under a singular, shared infrastructure.
Through its TCB segment, Lead provides traditional commercial banking services, with its lending largely consisting of CRE within the Kansas City MSA. The loan portfolio totaled approximately $318 million, with roughly 70% of that in CRE, while the deposit book totaled $116 million.
The BaaS segment is the bank’s largest segment with respect to revenue contribution, generating almost 70% of Lead’s recent run rate. Through this…

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