Independence Bancshares Expands Senior Management Team

Industry Expert in Compliance, Deposit Operations, and Regulatory Audit and Controls to Join from TD Bank

GREENVILLE, S.C.--()--Independence Bancshares, Inc. (OTC:IEBS) (“Independence Bancshares” or the “Company”), the holding company for Independence National Bank (the "Bank"), announced that former TD Bank Senior Vice President Greg Snell has joined the Company to expand its deposit operations, controls and Bank Secrecy Act (BSA) compliance functions.

Mr. Snell brings more than two decades of compliance, deposit operations and regulatory management experience. In his most recent capacity as a Senior Vice President and Director of Control Processes at TD Bank, Mr. Snell was responsible for developing and maintaining the strategic direction of the bank’s Control Processes Group and helping to strengthen the Bank’s overall control environment. Previously, he held positions at TD Bank, TD Canada Trust and Commerce Bancorp overseeing items processing, check operations, fraud mitigation deposit operations and transaction services. Before joining Commerce Bancorp, Mr. Snell managed certain transaction and consumer credit services at Bank of America.

“Greg’s exceptional credentials in banking operations, risk and compliance will further strengthen our ability to provide clients with the transactional infrastructure they need to power the next generation of secure, real-time processing and payments,” said Gordon A. Baird, Chief Executive Officer of Independence Bancshares. “We can help clients modernize their payments platforms to accommodate the increasingly fast-paced activity of today’s businesses, organizations and consumers. This requires rock-solid back-end technology that facilitates the instantaneous movement of money in a secure and private environment and with great functionality on the consumer side. We are excited to add Greg to our outstanding team.”

Mr. Snell’s appointment follows the additions of former Verizon Wireless executives Aditya Khurjekar and Humphrey Chen to the Company’s management team last fall.

About Independence Bancshares, Inc.

Independence Bancshares, Inc. is a bank holding company headquartered in Greenville, South Carolina. It owns and controls all of the capital stock of its sole subsidiary, Independence National Bank, a nationally chartered bank. Independence National Bank is headquartered in Greenville, South Carolina. Since opening for business in 2005, it has been providing a complete banking line of business including consumer finance, business banking and merchant services. Its goal is to continue to deliver services that provide exceptional value to the community it serves. From this base, Independence Bancshares offers an enterprise grade banking and payments platform to enable companies and organizations to enrich financial experiences and empower consumers. www.ndbancgroup.com

Contacts

RLM Finsbury
Michele Harris, 646-805-2802
michele.harris@rlmfinsbury.com

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Contacts

RLM Finsbury
Michele Harris, 646-805-2802
michele.harris@rlmfinsbury.com