FinWise Bancorp Appoints Jim Noone as CEO of FinWise Bank

FinWise Bancorp (NASDAQ: FINW), a leading provider of banking and payments solutions to fintech brands, has announced the appointment of Jim Noone as the new Chief Executive Officer (CEO) of FinWise Bank. Noone, who has been serving as the Bank President, will assume his new role in addition to his current responsibilities. Kent Landvatter, the current CEO and Chairman of the Board of FinWise Bancorp, will continue in his position while also serving as the Executive Chairman of FinWise Bank.

Noone's appointment comes after seven years of successful leadership at FinWise, including his involvement in the company's pivotal initial public offering (IPO). He joined FinWise in February 2018 and has since held various leadership positions, including Executive Vice President and Chief Credit Officer, and Bank President. With over 20 years of experience in financial services, including commercial banking, investment banking, and private equity, Noone brings a wealth of knowledge and expertise to his new role.

Kent Landvatter, CEO and Chairman of the Board of FinWise Bancorp, expressed his confidence in Noone's abilities to manage the organization's day-to-day operations. "Jim has been instrumental in helping shape our strategic roadmap, developing our infrastructure, and creating innovative banking products that drive customer value," said Landvatter. "I am confident in his abilities to manage the organization’s day-to-day operations, and I look forward to continuing to work closely with him on the Bank’s long-term strategy and market positioning to deliver shareholder value."

Jim Noone, the incoming CEO of FinWise Bank, shared his enthusiasm for the new role. "I am honored and humbled to step into the role of CEO and President of FinWise Bank," said Noone. "Kent’s leadership and mentorship have been a steady guide to me and for the entire executive team. I look forward to continuing to collaborate with Kent, our employees, partners, and regulators to deliver the next stage of growth for the Bank. Our opportunities and relationships have never been stronger, and our commitment to banking innovation and delivering meaningful and long-term benefits to our employees, our customers, and our shareholders remains strong."

FinWise provides banking and payments solutions to fintech brands, expanding and diversifying its business model by incorporating Payments (MoneyRails™) and BIN Sponsorship offerings. Its existing Strategic Program Lending business, conducted through scalable API-driven infrastructure, powers deposit, lending, and payments programs for leading fintech brands. As part of Strategic Program Lending, FinWise also provides a Credit Enhancement Program, which addresses the challenges that lending and card programs face when diversifying their funding sources and managing capital efficiency. In addition, FinWise manages other Lending programs such as SBA 7(a), Owner Occupied Commercial Real Estate, and Leasing, which provide flexibility for disciplined balance sheet growth. Through its compliance oversight and risk management-first culture, the Company is well-positioned to guide fintechs through a rigorous process to facilitate regulatory compliance.

In conclusion, FinWise Bancorp's appointment of Jim Noone as the new CEO of FinWise Bank signals a continuation of the company's strategic vision and commitment to innovation in the fintech banking sector. With Noone's proven track record and Landvatter's ongoing involvement, FinWise is well-positioned to maintain its growth trajectory and deliver shareholder value.