WebBank Announces Erik Cannon named SVP – Chief Operations Officer

March 21, 2024 at 09:25 AM EDT

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

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(Photo: Business Wire)

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.”

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 $185 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, software as a service (SaaS) and financial technology (FinTech) companies. The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with 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-based 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.