Drew LaBenne Appointed as CFO at LendingClub

Drew LaBenne, ex-CFO at Amalgamated Bank, the largest union-owned bank and one of the only unionized banks in the United States, has been appointed by LendingClub as its CFO, an NYSE-listed company, and the parent company of the top digital marketplace bank in the U.S. The appointment becomes effective from September 1 2022.

He will take over from current CFO Tom Casey, who is retiring but will continue to support LendingClub in a non-executive capacity through the end of 2022, to ensure a smooth transition. Additionally, Mr. Casey will leave the Board of Directors of LendingClub.

Upon accepting the role, LaBenne will be in charge of ensuring that LendingClub's financial operations—including accounting, financial planning and analysis, treasury, tax, and investor relations—are carried out without a hitch.

"Drew has extensive retail and commercial banking experience at some of the largest and most well-respected banks in the world. He is also completely aligned with the multiple ways we can use technology to deliver better outcomes for consumers in managing their money," said LendingClub's CEO, Scott Sanborn. "His acumen and experience make him uniquely qualified to help lead LendingClub as we combine the innovation of a fintech with the operating discipline of a digital bank."