BHB BaaS Association names Robert Keil as Chairman

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AUSTIN, TEXAS – Sutton Bank’s Robert Keil has been voted as the first Chairman of the Board of Directors for The BHB BaaS Association.

Robert is a founding member of the association and leads Banking-As-A-Service for Sutton Bank. Currently he serves as Chief Payments Officer at Sutton Bank with pervious time as VP for Fintech and Emerging Payments for a global fintech and payments company. His experience and knowledge in BaaS Banking helps lead world-class strategies for creating and setting standards for banks looking to become BaaS Banks.

Robert Keil, Chief Payments Officer at Sutton Bank, said, “Community banking is experiencing a number of challenges. Banking-as-a-service is one offering that enables banks to generate alternative revenue and predictable fee income. Furthermore, by partnering with select fintech organizations, smaller community banks are able to offer banking services to large numbers of the unbanked and underbanked population. Having an association for banks active in this space will only help to continue the momentum and further strengthen consumers and community banking alike.”

Dave Mayo, Founder of Bankers Helping Bankers said, “This is the greatest opportunity for banks in a generation.  The board is very strong and very focused on compliance.  Our Chairman, Robert Keil is an expert who listens and helps guide our board and membership toward protecting consumers and banks.  It is important that bankers are aware of the best options available.”

About Sutton Bank:

Sutton Bank, an Ohio-based independent, community bank, was founded in 1878 and has grown into a top-performing community bank, as recognized by the Independent Community Bankers of America. Payments has been a core banking product for Sutton Bank since the late 1990’s. Since that time, Sutton has issued hundreds of card programs, building strong partnerships with card networks, processors, and program managers, and has been transitioning from issuing cards to its retail clients to also becoming a large BIN sponsor for the Fintech community. Sutton Bank is now one of the largest card issuers in the country. For more information on Sutton Bank’s Payments business, please visit www.suttonpayments.com.

About The BHB BaaS Association:

The BHB BaaS Association is a premiere governance association with the purpose of promoting, creating, and supporting Banking-as-a-Service (BaaS). Our goal is to teach and guide through education, collaboration, and find new ways for community banks to make money. BaaS is a highly specialized niche and one that is seeing a tremendous increase in bank participants. Fueled by rapid expansion in fintech funding and a constant supply of new startups, there simply aren’t enough BaaS Sponsor banks to meet the growing demand from hundreds of FinTech applicants. The BaaS Association aims to serve the unique needs of BaaS Sponsor banks. For more information, visit www.baasassociation.com.

For more information or questions about this press release contact Rachel Hernandez at rachel@fedfis.com or 512.284.4987