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Articles from WebBank

WebBank Announces the Addition of Malin Eriksson to Its Board of Directors
WebBank is pleased to announce the appointment of Malin Eriksson to its Board of Directors. With an extensive background in leading high-growth financial companies, Ms. Eriksson brings a wealth of experience and a fresh perspective to her role as a board member.
By WebBank · Via Business Wire · June 4, 2024
WebBank Announces Ken Laudano named SVP – Head of Credit Structuring & Counterparty Risk
WebBank today announced the appointment of Ken Laudano as the Senior Vice President – Head of Credit Structuring & Counterparty Risk.
By WebBank · Via Business Wire · May 22, 2024
WebBank, a Steel Partners Company, Honored as One of American Banker’s Best Places to Work in Financial Technology 2024
WebBank, a wholly owned subsidiary of Steel Partners Holdings (NYSESPLP), has been named one of the 2024 Best Places to Work in Financial Technology. This is the second year in a row WebBank has been named a winner, ranking ninth on the list of forty companies. The awards program was created in 2017 and is a project of Arizent and Best Companies Group.
By WebBank · Via Business Wire · May 16, 2024
WebBank Announces Erik Cannon named SVP – Chief Operations Officer
WebBank is pleased to announce the appointment of Erik Cannon as the Senior Vice President – Chief Operations Officer.
By WebBank · Via Business Wire · March 21, 2024
WebBank Announces Steve Stanford named EVP – Chief Financial Officer
WebBank is pleased to announce the appointment of Steve Stanford as the Executive Vice President – Chief Financial Officer.
By WebBank · Via Business Wire · March 19, 2024
WebBank, a Steel Partners Company, Honored as One of the Best Places to Work in 2024, a Glassdoor Employees’ Choice Award Winner
WebBank, a wholly owned subsidiary of Steel Partners Holdings (NYSESPLP), has been named a winner of Glassdoor’s 16th annual Employees’ Choice Awards, honoring the Best Places to Work 2024. This is the second year in a row WebBank has been named a winner, and this year, it is ranked second on the list of 50 small to medium sized businesses that received this distinction. Unlike other workplace awards, the Glassdoor Employees’ Choice Awards are based on the input of employees who voluntarily provide anonymous feedback on Glassdoor by completing a company review about their job, work environment and employer over the past year.
By WebBank · Via Business Wire · January 25, 2024
WebBank Announces Jason Lloyd’s Appointment to the Utah Bankers Association Board of Directors
WebBank announced today that its President & CEO, Jason Lloyd, has joined the Utah Bankers Association (“UBA”) Board of Directors. WebBank is a national lender in providing consumer and small business credit products through Strategic Partner platforms. WebBank is also actively involved in educating legislators and regulators about issues and opportunities related to providing credit products through financial technology companies.
By WebBank · Via Business Wire · July 25, 2023
WebBank Honored as One of the Best Places to Work in Financial Technology 2023
WebBank, a Best-in-Class national issuer of consumer and small business credit products through Strategic Partner platforms, has been named one of the 2023 Best Places to Work in Financial Technology. The awards program was created in 2017 and is a project of Arizent and Best Companies Group.
By WebBank · Via Business Wire · June 6, 2023
WebBank Announces Eraj Asadi named SVP – Head of Asset Finance
WebBank is pleased to announce the appointment of Eraj Asadi as Senior Vice President – Head of Asset Finance.
By WebBank · Via Business Wire · January 25, 2023
WebBank Announces Kelsey Hardy named SVP - Business Development
WebBank is pleased to announce the appointment of Kelsey Hardy as the Senior Vice President – Business Development.
By WebBank · Via Business Wire · January 19, 2023
WebBank Honored as One of the Best Places to Work in 2023, a Glassdoor Employees’ Choice Award Winner
WebBank, a Best-in-Class national issuer of consumer and small business credit products through Strategic Partner platforms, has been named one of Glassdoor’s Best Places to Work in 2023, an Employees’ Choice Award in the U.S. small and medium company category. Unlike other workplace awards, the Glassdoor Employees’ Choice Award, now in its 15th year, is based solely on the input of employees, who voluntarily provide anonymous feedback by completing a company review about their job, work environment and employer on Glassdoor, the worldwide leader on insights about jobs and companies.
By WebBank · Via Business Wire · January 11, 2023
WebBank Collaborates with American Express to Expand Credit Card Issuing
WebBank announced today an agreement with American Express to become a card issuer and participant in the American Express network. The collaboration allows WebBank to issue credit card and payment solutions that include American Express benefits. American Express selected WebBank as one of its key issuing banks focused on the fintech industry.
By WebBank · Via Business Wire · August 16, 2022
National Partners PFco Acquires Security Premium Finance Company, LLC
National Partners PFco (“National Partners”), a wholly owned subsidiary of WebBank, announced today it has acquired Security Premium Finance Company, LLC (“Security Premium Finance”). Security Premium Finance is a privately held premium finance company founded in 1995 by Bert Irigoyen and based in Coral Gables, Florida. Security Premium Finance provides insurance premium financing services for commercial and consumer clients to purchase property and casualty insurance products in Florida. This acquisition provides National Partners with diversification, geographic market opportunities and a competitive advantage in the industry. As part of the acquisition all Security Premium Finance employees are now employees of National Partners.
By WebBank · Via Business Wire · August 4, 2022
WebBank Invests $250 Million in Avant to Support Growth of Credit Card Program
WebBank announced today it has committed to invest up to $250 million in the obligations of a securitization structure sponsored by Avant that are secured by credit card receivables. The investment will be used to meet the continuing demand and growth of the Avant® MasterCard® Credit Card issued by WebBank. WebBank’s investment will be applied over a three-year revolving term.
By WebBank · Via Business Wire · July 14, 2022
WebBank Announces New Board Member – Martha Hayes
WebBank is pleased to announce the appointment of Martha Hayes to the Bank’s Board of Directors.
By WebBank · Via Business Wire · January 24, 2022
WebBank Provides New Asset-Backed Revolving Credit Facility to Libertas Funding Affiliate
WebBank today announced it has provided a new senior secured, asset-backed revolving credit facility to an affiliate of Libertas Funding, LLC (together, “Libertas”). WebBank is the sole arranger and lender under the facility.
By WebBank · Via Business Wire · September 15, 2021
WebBank Joins Synovus Bank to Provide an Asset-Based Revolving Credit Facility Upsize to AB Private Credit Investors Corporation
WebBank today announced it has joined Synovus Bank, Specialty Finance Division (“Synovus”) to provide additional commitment in an asset-based revolving credit facility to AB Private Credit Investors Corporation, a subsidiary of AllianceBernstein, which is one of the world’s largest investment management and research firms with approximately $724 billion in assets under management.
By WebBank · Via Business Wire · June 3, 2021
WebBank Announces Seth Goodman Named SVP-Chief Revenue Officer
WebBank today announced the appointment of Seth Goodman as the Senior Vice President-Chief Revenue Officer.
By WebBank · Via Business Wire · May 17, 2021
Lane Health Launches Innovative Health Savings Account Integrated with Next Generation Credit Product from WebBank
Lane Health Inc. (“Lane”) today announced that it is launching an innovative Health Savings Account (HSA). Offered through participating employers, the Lane HSA includes an Advance feature that works like a line of credit through the HSA that employees can use to pay for qualified medical expenditures. The Lane Health “Card with a Heart” provides inclusive, on-demand, swipe-and-go access to the Advance feature with no credit checks. The Card with a Heart makes high deductible health plans less scary, allowing them to work for everyone — not just the few who can afford to contribute to, and save money in, an HSA. The Advance is issued and funded by WebBank, through Lane Health, with no risk to the employer. Advances are repaid through pre-tax HSA contributions over a twelve-month period, regardless of when the Advance is initiated during the calendar year. And employers save as well, since they incur no payroll taxes on dollars that employees contribute to an HSA.
By WebBank · Via Business Wire · May 3, 2021
WebBank Announces New Board Member – Abhinav Tiwari
WebBank today announced the appointment of Abhinav Tiwari to the Company’s Board of Directors effective March 23, 2021.
By WebBank · Via Business Wire · April 6, 2021