WebBank is pleased to announce the appointment of Steve Stanford as the Executive Vice President – Chief Financial Officer.
Steve joined WebBank in June 2007 as an Assistant Controller, bringing several years of Audit and Accounting experience. During his nearly seventeen-year tenure at the Bank, Steve has held positions with increasing levels of responsibility including VP – Controller, VP – Finance & Controller, and most recently SVP – Chief Financial Officer. Steve has been instrumental in assisting in the design of Strategic Partner Program structures, building out the Bank’s funding diversification including deposit strategies and managing the growth and build out of the Bank’s finance, treasury and accounting functions as it continued to scale.
In his role, Steve is responsible for the Bank’s financial strategies, leading the finance organization, managing the budget, monitoring cash flow, and ensuring effective utilization of financial resources to enhance profitability and drive growth.
“Steve has consistently demonstrated exceptional leadership, financial acumen and strategic vision throughout his tenure with WebBank,” said Jason Lloyd, President & CEO. “Steve’s contributions extend beyond his finance expertise, serving as a vital member of WebBank’s executive leadership team.”
WebBank is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. Since its inception in 1997, WebBank has originated and funded over $185 billion in consumer and commercial credit products. As “The Bank Behind the Brand®”, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS) and financial technology (FinTech) companies. The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner platforms. WebBank engages in a full range of banking activities including consumer and commercial loan products, revolving lines of credit, credit cards, private-label card issuance, auto-refinancing and more. The Bank provides capital in the form of asset-based lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary National Partners.
SOURCE: Businesswire