Hatch Bank, a California-based sponsor bank with approximately $150 million in assets, has named Amanda Swoverland, former chief compliance officer (CCO) at Unit, as its new president.
Assuming her role immediately, Swoverland will report to Timothy Abell, CEO of Hatch and its parent company, Firstrust Bank. Her responsibilities will centre on bolstering bank-fintech partnerships while fostering greater “alignment across teams”, explains Hatch.
Swoverland joins from Banking-as-a-Service fintech Unit, where she served as CCO since August 2020. Before that, she spent nearly a decade at Minnesota-based Sunrise Banks, where she held roles including compliance manager, director of risk, director of enterprise risk management, and ultimately, chief risk officer.
In addition to Swoverland, Hatch has also appointed Francis Mitchell as chief financial officer (CFO). Mitchell, previously managing partner at Rock Creek Partners, has held senior roles such as CFO at BankFund Credit Union, as well as treasurer and chief investment officer at Republic Bank.
In a statement, Hatch explains that these appointments were made to leverage the executives’ “deep expertise in bank sponsorships, partner management, and the operational and risk management discipline required to build high-performing embedded fintech programmes”.
Founded in 1982, Hatch provides a range of embedded lending solutions, including solar and healthcare financing, retail point-of-sale services, alongside consumer and business credit card issuing solutions.
