FinWise Bancorp Appoints Jim Noone as Chief Executive Officer of FinWise Bank

Core Viewpoint - FinWise Bancorp has appointed Jim Noone as the new CEO of FinWise Bank, while Kent Landvatter continues as Chairman and CEO of FinWise Bancorp [1][2]. Group 1: Leadership Changes - Jim Noone has been with FinWise for seven years and has held various leadership roles, including President since March 2023 [2]. - Noone has over 20 years of experience in financial services, including commercial banking, investment banking, and private equity [2]. Group 2: Strategic Direction - Kent Landvatter expressed confidence in Noone's ability to manage day-to-day operations and work on long-term strategy and market positioning [3]. - Noone emphasized the strength of the company's opportunities and relationships, committing to banking innovation and delivering long-term benefits to stakeholders [3]. Group 3: Company Overview - FinWise provides banking and payment solutions to fintech brands and is diversifying its business model with offerings like MoneyRails™ and BIN Sponsorship [4]. - The company operates a Strategic Program Lending business that supports deposit, lending, and payment programs for fintech brands, along with a Credit Enhancement Program to improve funding sources and capital efficiency [4]. - FinWise also manages various lending programs, including SBA 7(a) and Owner Occupied Commercial Real Estate, aimed at disciplined balance sheet growth [4].