They are happy to announce that Steve Stanford has been appointed Executive Vice President and Chief Financial Officer of WebBank.
Steve brought several years of audit and accounting experience to WebBank when he arrived as an Assistant Controller in June 2007. Steve has worked for the Bank for about seventeen years. Throughout that time, he has held progressively more responsible roles, such as vice president and controller, vice president of finance and controller, and most recently, vice president and chief financial officer. Steve has been a key contributor to the creation of the Strategic Partner Program frameworks, expanding the Bank’s funding diversity through deposit strategies, and overseeing the expansion and development of the Bank’s accounting, treasury, and finance departments as they grew.
Steve oversees the Bank’s financial plans, manages the budget, leads the finance department, keeps an eye on cash flow, and makes sure that financial resources are used efficiently to boost growth and profitability.
Throughout his time at WebBank, Steve has continuously shown remarkable leadership, financial savvy, and strategic vision, according to President & CEO Jason Lloyd. In addition to his knowledge in finance, Steve is an essential part of WebBank’s senior leadership group.
With its main office located in Salt Lake City, Utah, WebBank is an Industrial Bank chartered in Utah. WebBank was founded in 1997 and has since created and funded consumer and business loan packages totaling over $185 billion. WebBank, known as The Bank Behind the Brand®, is a nationwide provider of credit products for consumers and small businesses via the platforms of its Strategic Partners (Brands), which include financial technology (FinTech), software as a service (SaaS), manufacturers, merchants, and financing organizations. Leading the way in digital lending, the Bank integrates integrated finance with Strategic Partner platforms to drive innovation in financial products. WebBank offers a wide range of banking services, such as credit cards, revolving credit lines, private-label card issuance, auto-refinancing, and consumer and business lending products. With a specific focus on specialized finance assets, the Bank offers credit funds, other lenders, and platforms of Strategic Partners funding in the form of asset-based lending and other credit facilities. The Bank, via its fully owned subsidiary National Partners, is also a market leader in commercial insurance premium financing products.
