Why is Varo closing accounts?

Bank of Alma 12 Bank of Commerce & Trust 5 Chesapeake Bank & Trust 13 Citizens Bank of Ada 8 Citizens Bank of the South 6 Citizens State Bank of Waverly 1 Coleman County State Bank 10 Community Savings Bank 13 FARMERS National Association National Bank OF DANVILLE 4 FIRST FED Community Bank National Association 7 First State Bank of Beecher City 4 FLAGSTAR Bank National Association 21 INVESTAR Bank National Association 5 New Covenant Trust Company, National Association 19 OCEAN Bank 10 Old Exchange National Bank 20 Outdoor Bank 10 Palo Savings Bank 13 Pan American Bank & Trust 6 Scott State Bank 14