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 and experience in credit, audit, and risk management in regulated financial institutions makes her a valuable addition to the WebBank Board of Directors,” said Jason Lloyd, President. “Her experience and insights will be critical as we continue to grow and scale into a more diversified and complex organization.”

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

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

“I am excited to work closely with the WebBank team as they look to expand and diversify their products and partners,” said Ms. Hayes. “WebBank is leading the industry in providing innovative lending solutions to both consumers and businesses through its Strategic Partner platforms.”

About WebBank

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. As “The Bank Behind the Brand®”, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, and financial technology (FinTech) companies. The Bank is a leading player in the digital lending space, 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, auto-refinancing and more. The Bank provides capital in the form of asset-backed lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary National Partners. For more information, please visit www.webbank.com.