Washington, D.C. (July 9, 2019)—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 the promotion of Kenneth Singh from controller to chief financial officer. In his new role he will be responsible for TCM Bank’s accounting and finance operations, asset liability management, data analysis, and development of its financial strategy.
“We are fortunate to have Ken as part of our executive management team and congratulate him on this professional achievement,” said Damon Moorer, TCM Bank president and CEO. “Since joining TCM, he has applied his analytic skills and financial accounting knowledge to expand our financial capabilities, while ensuring compliance with applicable rules and regulations.”
Singh brings considerable accounting, finance, and financial audit experience. His analytic expertise will enhance TCM’s data capabilities, ensuring continued alignment with today’s dynamic payment industry. Prior to joining TCM Bank, Singh was director of the corporate controller group at Metlife. He also worked as a corporate accountant for Intertape Polymer Group, an international manufacturing company, and as an auditor for the accounting firm Deloitte & Touche.
Singh is a certified public accountant and holds a Bachelor of Science in accounting and a Master of Science in accounting from The University of South Florida.
About ICBA Bancard
ICBA Bancard® is the wholly owned payment services subsidiary of the Independent Community Bankers of America. ICBA Bancard’s community bank issuers generated $29.3 billion in sales volume in 2018 and are ranked collectively as the 24th largest credit card portfolio in the United States. ICBA Bancard enables thousands of community banks to provide competitive credit card, debit card, ATM and merchant processing solutions. The company also provides exclusive services to issuers including its Fraud Loss Protection Plan, marketing support, and product education. For more information, visit www.icbabancard.org.
About TCM Bank. N.A.
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.tcmbankna.com.