FinWise Bancorp Announces Appointment of Simon Darchis as Vice President, Director of Specialty Lending
23 June 2022 - 6:26AM
FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), the
parent company of FinWise Bank, today announced the appointment of
Simon Darchis as Vice President, Director of Specialty Lending. Mr.
Darchis will replace David Tilis effective immediately. Mr. Tilis
has decided to leave the Company, but has agreed to stay on as a
consultant for a period of one year to facilitate a seamless
transition.
Mr. Darchis has been with FinWise for over four
years and has been instrumental in the buildout and management of
the Company’s Strategic Lending Program.
“Simon worked intimately with David and is a
strong operator and experienced business leader, which combined
with our deep specialty finance team in place, positions
us for a seamless transition,” said Kent Landvatter, Chief
Executive Officer.
“David has been an integral member of our team
and we thank him for his efforts,” continued Mr. Landvatter. “We
have deep appreciation and high regard for his counsel and
leadership the past six years and we wish him the best in his
future endeavors.”
About FinWise Bancorp
FinWise Bancorp is a Utah bank holding company
headquartered in Murray, Utah. FinWise operates through its
wholly-owned subsidiary, FinWise Bank, a Utah state-chartered
non-member bank. FinWise currently operates one full-service
banking location in Sandy, Utah and a loan production office in
Rockville Centre, New York. FinWise is a nationwide lender to and
takes deposits from consumers and small businesses. Learn more at
www.finwisebank.com.
"Safe Harbor" Statement Under the Private Securities
Litigation Reform Act of 1995This release contains
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements reflect the Company’s current
views with respect to, among other things, future events and its
financial performance. These statements are often, but not always,
made through the use of words or phrases such as “may,” “might,”
“should,” “could,” “predict,” “potential,” “believe,” “will likely
result,” “expect,” “continue,” “will,” “anticipate,” “seek,”
“estimate,” “intend,” “plan,” “project,” “projection,” “forecast,”
“budget,” “goal,” “target,” “would,” “aim” and “outlook,” or the
negative version of those words or other comparable words or
phrases of a future or forward-looking nature. These
forward-looking statements are not historical facts, and are based
on current expectations, estimates and projections about the
Company’s industry and management’s beliefs and certain assumptions
made by management, many of which, by their nature, are inherently
uncertain and beyond the Company’s control. The inclusion of these
forward-looking statements should not be regarded as a
representation by the Company or any other person that such
expectations, estimates and projections will be achieved.
Accordingly, the Company cautions you that any such forward-looking
statements are not guarantees of future performance and are subject
to risks, assumptions and uncertainties that are difficult to
predict. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable as of
the date made, actual results may prove to be materially different
from the results expressed or implied by the forward-looking
statements.
There are or will be important factors that could cause the
Company’s actual results to differ materially from those indicated
in these forward-looking statements, including, but not limited to,
the following: (a) the Company’s dependence on its management team
and changes in management composition; (b) the effects of the
performance of the Company’s employees and consultants on the
Company’s business, prospects, results of operations and condition;
(c) the Company’s ability to maintain and grow its relationships
with its Strategic Program service providers; (d) the Company’s
ability to attract additional merchants and retain and grow its
existing merchant relationships; and (e) other factors listed from
time to time in the Company’s filings with the Securities and
Exchange Commission, including, without limitation, its Annual
Report on Form 10-K for the year ended December 31, 2021 and
subsequent reports on Form 10-Q and Form 8-K.
The foregoing factors should not be construed as exhaustive. If
one or more events related to these or other risks or uncertainties
materialize, or if the Company’s underlying assumptions prove to be
incorrect, actual results may differ materially from its
forward-looking statements. Accordingly, you should not place undue
reliance on any such forward-looking statements. Any
forward-looking statement speaks only as of the date of this
release, and the Company does not undertake any obligation to
publicly update or review any forward-looking statement, whether
because of new information, future developments or otherwise,
except as required by law. New risks and uncertainties may emerge
from time to time, and it is not possible for the Company to
predict their occurrence. In addition, the Company cannot assess
the impact of each risk and uncertainty on its business or the
extent to which any risk or uncertainty, or combination of risks
and uncertainties, may cause actual results to differ materially
from those contained in any forward-looking statements.
Contacts:investors@finwisebank.commedia@finwisebank.com
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