LendingClub Corporation announced promotions and new hires to accelerate the transformation of LendingClub Bank, its wholly-owned banking subsidiary, to America's leading digital marketplace bank. The company has promoted Ronnie Momen to serve as its first Chief Consumer Banking Officer and hired David Bolocan to serve as the Senior Vice President of Deposits and Payments, Amber Carroll to serve as the Senior Vice President of Membership & Lifecycle Marketing, and Jamie Armistead to serve as the Vice President of Product Management. Previously, Momen served as Chief Lending Officer for the company, overseeing credit strategy including the use of credit data, analytics and innovative products to drive responsible growth for the business. Momen brings more than 30 years of experience developing innovative, forward-looking and collaborative credit organizations at both big banks, such as Wells Fargo and HSBC, as well as fintechs, such as GreenSky and Credit Karma. The new Senior Vice President of Deposits and Payments, David Bolocan, joins the company from BBVA USA, where he has been the Head of Deposits and Segments for the last three years. Bolocan has more than 25 years of executive experience managing Retail products, including deposits, credit cards, and secured and unsecured loans for both consumer and commercial businesses. Before BBVA USA, he was Head of Retail Banking Solutions at Verisk Analytics a New York consulting firm specializing in the banking and payments space. Bolocan joined LendingClub Bank on June 2. The new Senior Vice President of Membership & Lifecycle Marketing, Amber Carroll, joins the company from Freedom Mortgage where she served as the SVP of Digital Marketing for the last year and half. During her tenure there, Carroll led the development of digital acquisition and retention programs, website strategy, and digital experience helping secure Freedom's position as a top 5 mortgage originator. Before Freedom Mortgage, she held positions in marketing and product at TD Bank, Barclaycard UK, and HSBC. Carroll will join LendingClub Bank on June 14.
The new Vice President of Product Management, Jamie Armistead joins the company from Zelle where he served as the Vice President, Business Line Leader influencing strategy and overseeing product management. Prior to this role, Armistead was head of Digital Channels at Bank of the West where he was able to transform their mobile and online capabilities as well as bring to market several award-winning services. Prior to joining Bank of the West, Jamie spent eleven years in Digital Channels at Bank of America. Armistead joined LendingClub Bank on May 17.
LendingClub Corporation is the parent company of LendingClub Bank (LC Bank). The Company operates most of its business through LC Bank, as a lender and originator of loans and as a regulated bank in the United States. LC Bank is the digital marketplace bank in the United States where members can access a range of financial products and services designed to help them pay less when borrowing and earn more when saving. LC Bank holds loans and funds those loans directly with its own capital and deposits. LC Bankâs primary loan products include unsecured personal loans, secured auto refinance loans, and patient and education finance loans (Consumer Loans). LC Bankâs commercial lending business is primarily focused on small businesses, and it participates in the United States small business administration (SBA) lending programs. LC Bankâs deposit business includes sourcing deposits directly from consumer and commercial customers and from third-party marketing channels and deposit brokers.