First National Bank of Wal-Mart!

The Wall Street Journal reported this today

"Wal-Mart officials say the Utah bank would be a back-office processing center, handling debit-card, credit-card and electronic check-transfer payments by customers at its stores. A third party currently processes the transactions -- estimated at 140 million a month -- and bringing the work in-house would save Wal-Mart money. Company officials repeatedly have said they don't plan to establish bank branches. Under current law, these state-chartered banks, many incorporated in Utah, may open branches in more than 20 states and the District of Columbia."