Thread Bancorp, Inc. Welcomes Dan Chang as New General Counsel and Chief Compliance Officer, Supporting Expansion of Embedded Banking Services

Regulatory industry veteran to oversee compliance as Thread continues to scale

NASHVILLE, Tenn.--(BUSINESS WIRE)--Thread Bancorp, Inc. (“Thread” or the “Company”), the parent company of Thread Bank (the “Bank”), today announced the appointment of Dan Chang as General Counsel and Chief Compliance Officer. Chang will lead regulatory and compliance oversight, overseeing the Bank’s continued commitment to regulatory soundness as it broadens the range of consumer and commercial services offered through its embedded banking platform.

Chang joins Thread from Splash Financial, Inc. where he served as General Counsel and Chief Compliance Officer. He brings more than a decade of experience managing risk and compliance for banks, FinTechs and embedded lenders. Chang’s deep knowledge of the financial regulatory landscape and compliance best practices and experience working with regulators will allow him to further strengthen Thread’s industry-leading compliance practices.

“We couldn't be happier to have Dan’s expertise on our team," said Chris Black, Thread CEO. "For us, compliance is not just an obligation; it is a commitment to our customers that we will always deliver best-in-class, reliable service at the highest standards. With Dan managing compliance oversight, we are able to move forward knowing that transparency, compliance and efficiency are at the core of everything we do.”

As General Counsel and Chief Compliance Officer, Chang will serve as the key legal and compliance advisor to the executive team and board, managing all legal affairs and overseeing a best-in-class compliance framework. He will lead regulatory strategy, manage risk and ensure material compliance with financial services regulations across multiple jurisdictions. As Thread continues to expand its unique “digital branch” model through Embedded Banking partnerships, Chang will play a critical role in ensuring the Bank maintains sound regulatory standing as it grows.

“I’ve built my career in embedded finance across banks and FinTechs that rely on critical depository partnerships,” said Chang. “I’m excited to join Thread Bank, an accomplished leader in digital financial services. I look forward to helping the Bank continue to build trusted and scalable partnerships that focus on strong risk management and compliance as innovation and opportunity accelerate.”

To learn more about Thread Bank, please visit www.thread.bank.

About Thread Bank

Thread Bank, a wholly owned subsidiary of Thread Bancorp, Inc., is an FDIC-insured bank providing embedded and digital banking services nationwide and local community banking in Eastern Tennessee. To learn more about Thread Bank, visit thread.bank and connect with them on LinkedIn.