WebBank Announces New Board Member – Martha Hayes

SALT LAKE CITY–(BUSINESS WIRE)–WebBank is pleased to announce the appointment of Martha Hayes to the Bank’s Board of Directors.

“Martha’s strong background in credit, audit and risk management in regulated financial institutions makes her a valuable addition to WebBank’s Board of Directors,” said Jason Lloyd, Chairman. “His experience and insights will be essential as we continue to grow and evolve into a more diverse and complex organization.”

Ms. Hayes is CEO of Hayes Consulting, a firm specializing in improving the operational performance of credit, risk management, commercial and real estate banks. Prior to Hayes Consulting, Martha was Executive Vice President and Chief Risk Officer at Anchor Bank and was responsible for the bank’s $5 billion overall risk. While there, she reinvigorated the institution’s risk management culture by critically evaluating credit portfolios, incorporating cutting-edge business intelligence metrics, and instilling a mindset in employees. business risk management. Prior to Anchor Bank, Ms. Hayes was responsible for managing the profit center of a $250 million commercial lending business line at Merrill Lynch, which served more than 16,000 financial advisors. Ms. Hayes’ recognition as a leader in the small business lending and change management industry began at Wells Fargo where she led the bank’s efforts to transform its small business lending business from serving the East Coast and generating $4.5 billion in annual mount volume.

Ms. Hayes holds a Bachelor of Business Administration degree from St. Andrew’s Presbyterian College.

“I am delighted to work closely with the WebBank team as they seek to expand and diversify their products and partners,” said Ms. Hayes. “WebBank leads the industry in providing innovative lending solutions to consumers and businesses through its strategic partner platforms.”

About Web Bank

WebBank is a Utah chartered industrial bank headquartered in Salt Lake City, Utah. Since its inception in 1997, WebBank has originated and funded over $147 billion in consumer and commercial credit products. Like “The bank behind the brand®”, WebBank is a national issuer of credit products to consumers and small businesses through strategic partner platforms (brands), which include retailers, manufacturers, finance companies and financial technology companies (FinTech ). The Bank is a leading player in digital lending, driving innovation in financial products through 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, automatic refinancing and more again. The Bank provides capital in the form of asset-backed loans and other credit facilities to strategic partner platforms, credit funds and other lenders, with a focus on specialist financial assets. The Bank is also a leading provider of commercial insurance premium financing products through its wholly owned subsidiary National Partners. For more information, please visit www.webbank.com.

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