TCM Bank Announces Management Team Hires
Washington, D.C. (Jan. 12, 2018)—TCM Bank, N.A., the credit card bank of ICBA Bancard®, which is the payments services subsidiary of the Independent Community Bankers of America® (ICBA), today announced two executive hires. Thomas Welsh joins TCM Bank as chief financial officer (CFO) and Stanley Kruk joins as chief information officer (CIO).
As CFO, Welsh is responsible for accounting and finance operations, including asset liability management and development of the bank’s financial strategy. Kruk, meanwhile is responsible for ensuring the effective, efficient and secure operation of TCM Bank’s information systems.
“TCM Bank is fortunate to have Tom and Stanley join our management team during such a pivotal time for our industry,” said Damon Moorer TCM Bank President and CEO. “Their combined banking and IT expertise, which spans more than 25 years, will help TCM Bank stay in step with emerging payment developments while adhering to the high level of service our member banks and customers expect.”
Welsh brings extensive finance and accounting experience. Most recently he served as senior vice president, controller and chief accounting officer for HomeBanc and held finance positions at Skyway Capital Partners and Deloitte & Touche LLP.
Kruk is an IT executive with global financial services experience. He was assistant vice president, enterprise network services for FIS and most recently served as vice president of IT and chief information security officer at eMASON Inc., a software as a service (SaaS) application.
Welsh is a certified public accountant (CPA) and a chartered financial analyst (CFA). He received a Bachelor of Science in accounting and finance from Florida State University and Master of Science in Accountancy from The University of Notre Dame. Kruk has a Bachelor of Arts in Computer Information Systems from St. Leo University and is a member of ISACA.
For more information about TCM Bank, visit www.icba.org/tcm-bank/home. To learn about ICBA Bancard, visit www.icbabancard.org.
About ICBA Bancard & TCM Bank. N.A.
ICBA Bancard® is the wholly owned payment services subsidiary of the Independent Community Bankers of America. ICBA Bancard’s community bank issuers generated $24 billion in sales volume in 2017 and are ranked collectively as the 25th largest credit card portfolio in the United States. Through ICBA Bancard, banks provide competitive payments solutions and ICBA Bancard provides exclusive services to issuers including its Fraud Loss Protection Plan, marketing support and product education. With nearly $300 million in assets, TCM Bank, N.A., a subsidiary of ICBA Bancard, provides credit card services for community banks including consulting, portfolio acquisition, product development and agent bank sponsorship. Through its Total Card Management® program, TCM helps banks promote their branded cards while limiting their exposure to risk and expense. For more information, visit www.icbabancard.org.