Mercury Financial Names Industry Veteran Susan Steinthal as Chief Legal Officer

Key role will help further advance company's mission of financial inclusion

WILMINGTON, Del.--(BUSINESS WIRE)--Mercury® Financial LLC (Mercury Financial), a financial inclusion technology company exclusively serving the near-prime market, has brought on legal veteran Susan Steinthal in the key role of Chief Legal Officer. Steinthal joins Mercury Financial from Citizens Bank and arrives during a period of sustained, accelerated growth—a record-breaking, innovative time for Mercury Financial that resulted in reaching more than 1 million accounts in 2021 and extending more than $3.5 billion in credit access to the near-prime market in its pursuit of increased financial inclusion. In her new role, Steinthal is reporting directly to the company’s CEO, James Peterson.

Steinthal brings a wealth of expertise to the role, having served in a number of senior leadership capacities. Most recently, as EVP & Deputy General Counsel at Citizens Bank, Steinthal headed up the Client Advisory Services Legal team covering the Consumer and Commercial Banking lines of business, as well as Business Services and Corporate Development. Before joining Citizens, Steinthal’s legal savvy was recognized in her more than 11 years at Citigroup, where she started as a member of the institutional litigation group before serving as Chief of Staff to the General Counsel and as General Counsel for the International Retail Banking business. Steinthal was previously an associate at the law firms Richards Spears Kibbe & Orbe and Cravath, Swaine & Moore. She earned her J.D. from Columbia University School of Law, where she was a Harlan Fiske Stone scholar, and her A.B. from Princeton University.

“We are thrilled to have Susan join us in our mission of financial inclusion,” said CEO, James Peterson. “Her passion for making a difference, combined with her expertise in the legal and financial sectors will be instrumental in helping us continue to provide better credit opportunities for more Americans, so that they may have better lives.”

About Mercury Financial

Mercury Financial® LLC (Mercury Financial) is expanding financial inclusion through technology. We deliver access to credit and a superior digital credit experience focused on the underserved near-prime customer. To date, Mercury Financial has helped empower more than 1 million deserving Americans with better credit through the use of its proprietary risk assessment and data analytics technologies. We strive to provide access to best-in-class credit lines to allow customers to maximize their purchasing power. We offer valuable cashback rewards and travel rewards through strategic partnerships like the Spirit Airlines Free Spirit® Program. Mercury Financial prioritizes providing the tools to promote positive financial behavior and upward mobility through a seamless digital experience.

With offices in Austin, Texas, with offices in Wilmington, Delaware, Mercury Financial has more than 160 employees and is led by CEO and 15-year financial services veteran James Peterson and a management team with decades of combined industry experience. Backed by Värde Partners, a leading global alternative investment advisor, Mercury Financial has provided customers access to more than $3.5 billion in credit lines since its founding in 2013.

Mercury Financial manages the Mercury Mastercard® and the Free Spirit® Points Mastercard®, which are issued by First Bank & Trust, Brookings, SD pursuant to a license by Mastercard® International.

Free Spirit® is a registered mark of Spirit Airlines, Inc.

For more information, visit www.mercuryfinancial.com.