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Thread Bancorp, Inc. and Thread Bank (together, “Thread”) are pleased to announce that Terry Hoover has joined its team as its Chief Risk Officer. In this role, Hoover is responsible for further developing Thread’s Enterprise Risk Management program as best-in-class by ensuring outstanding risk management practices and Thread’s continued regulatory compliance. Hoover brings over thirty years of risk management experience to Thread. Prior to joining, Hoover was most recently Managing Director/Enterprise Risk Management at Strategic Risk Associates, LLC in Dallas,...

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TowneBank (the “Company” or “Towne”) (Nasdaq: TOWN) is pleased to announce the promotion of R. Lee Clark to Chief Operating Officer. In this role, Clark will have responsibility for bank operations and continue to oversee human resources. He will also become a member of the corporate management team. With three decades of experience in financial services, Clark joined the TowneBank family in 2006 as a senior business analyst and went on to leadership roles in...

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equipifi, a fintech company providing banks and credit unions with a white label Buy Now, Pay Later (BNPL) solution, announced that it was selected as the Audience Choice Award winner at this year’s FIS® Fintech Accelerator Program’s Virtual Demo Day. With over 170 banks, venture capital firms, and investors in attendance, equipifi’s pitch was selected from a cohort of ten companies in the seventh FIS Fintech Accelerator Program. According to The Financial Brand, US BNPL transaction volume will...

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Fulton Bank, a subsidiary of Fulton Financial Corporation (NASDAQ: FULT), announced the promotion of Dara C. Bachman to the President of Fulton Private Bank. In this position, she will be responsible for leading a team of professionals charged with developing customized wealth management and banking solutions for high-net-worth clients. Dara joined the corporation in April 2021 and most recently held the position of Director of Family Wealth, leading efforts to meet the evolving needs of...

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Kirsten Muetzel has been named as the President of Blue Ridge Bank’s Fintech Division. Ms. Muetzel is responsible for overseeing the Fintech Division, managing a portfolio of partners, strengthening regulatory compliance, and working to advance Blue Ridge’s fintech strategy as a leading partner of choice for Banking as a Service partners. “I am thrilled to welcome Kirsten to our team,” said Brian K. Plum, Chief Executive Officer of Blue Ridge Bank, N.A. “Kirsten is a respected thought leader in the industry,...

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Even though Ukrainian businesses are used to turbulent conditions, the war resulted in a terrible decrease. Such things as the permanent suspension of payment processing, the transition to the cloud, and the connection of new European partners are key elements of the story of the adaptation of the fintech market. This case was explained in detail by the CEO of the LEO International Payment System Alona Shevtsova for the Ukrainian edition of Forbes. On February...

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