PRESS RELEASE

WebBank is pleased to announce the appointment of Erik Cannon as the Senior Vice President – Chief Operations Officer.

Erik joined WebBank in September 2016 as the Vice President of Due Diligence and Implementation bringing many years of risk management, business development, operations, relationship management and leadership experience. During his tenure at the Bank, Erik has held positions with increasing levels of responsibility most recently as Senior Vice President of Due Diligence and Implementation and General Manager of the Bank’s Insurance Premium Finance subsidiary, National Partners.

In his new role, Erik will continue to be responsible for Due Diligence & Implementation and National Partners. In addition, Erik will assume leadership responsibility for the Bank’s Strategic Partners Oversight (“SP Oversight”) department. Jim Jackson will continue in his role as Senior Vice President – SP Oversight and will report to Erik. Under Erik’s leadership the SP Oversight team will focus on developing efficiencies within the organization which includes even closer collaboration between implementing and managing Strategic Partner programs and products.

“During his time at the Bank, Erik has proven to be an invaluable member of the executive team by consistently demonstrating his exceptional leadership, focus on process improvements and his unwavering commitment to excellence,” said Jason Lloyd, President & CEO. “In Erik’s new role, I’m confident that he will drive operational efficiency and innovation and I look forward to witnessing his continued success.”