Nashville, Tennessee, July 30, 2024 /PRNewswire/ — Setting the stage for growth $1 billion Asset standards, Bank We have made strategic investments in our finance and accounting department to address the complexities of FDICIA compliance and applicable regulations.
Since December 2023INSBANK has strengthened its finance and accounting leadership team with a series of key additions to the team. Peyton N. GreenThe newly appointed Chief Financial Officer (CFO) will bring extensive experience in financial management and strategic planning to lead INSBANK’s overall financial strategy, including liquidity management, interest rate risk, financial reporting and capital management.
In March, INSBANK Maya Demonbleum As Vice President and Controller, he oversees accounting operations and financial reporting. Keith McCullar Keith joined INSBANK in May as Senior Vice President and Chief Accounting Officer (CAO). Keith provides leadership and expertise regarding accounting policies, procedures and internal controls.
“Keith and Maya bring significant experience and skills to take our financial reporting and compliance to a higher level. Their experience working with growth-oriented publicly traded financial institutions with multi-billion dollar balance sheets will be a great asset to our company as we drive increased revenue and growth for years to come,” said Green.
This strategic expansion of the Finance and Accounting department demonstrates INSBANK’s commitment to maintaining strong financial controls, providing accurate and transparent financial reporting and supporting informed decision-making for long-term sustainable growth.
“It’s not unusual for banks to stagnate growth. $1 billion “They are raising the thresholds ostensibly in response to stronger accounting and regulatory standards.” Jim Lienietz“We are taking a proactive approach to growing pains so we don’t let them distract us from serving our growth markets,” said INSBANK President and CEO John McClellan. Nashville And we have a national healthcare banking business.”
INSBANK is confident that this team will provide the financial leadership and expertise necessary to navigate the exciting opportunities the company faces in its existing markets. INSBANK remains committed to transparency and looks forward to sharing financial progress with existing and prospective investors. Investors can expect a press release outlining second quarter 2024 results in the coming weeks.
About INSBANK
Since 2000, INSBANK has positioned itself as an innovator in providing clients with highly personalized service delivered by experienced relationship managers and leveraging technology to deliver services efficiently and conveniently. In addition to its commercial-focused operations, INSBANK operates through three divisions: MedQuity, TMA Medical Bankingand FinnworthMedquity provides medical banking solutions to physicians, partnerships and clinics nationwide, while TMA Medical Banking provides banking services to Tennessee Medical Association members. Finworth offers nationally available virtual private client services for interest-bearing deposits. INSBANK is owned by InsCorp, Inc., a Tennessee bank holding company. The bank is headquartered at 2106 Crestmoor Road in Nashville and has an office at 5614 Franklin Pike Circle in Brentwood. For more information, please visit: Click here for details.
Source: INSBANK