Matthew Quale, formerly the president of the all-digital Bask Bank, has been named president of digital banking at Forbright Bank. It is the first time someone has assumed this role at the bank.
The Chevy Chase, Maryland, bank spotlights
Quale will take the lead on building a new digital banking platform. That will involve upgrading the consumer experience and adding new deposit accounts that can be opened online.
"Matt joins us with decades of experience working at the highest levels of the intersection of consumer experience, technology and financial services," John Delaney, founder and executive chairman of the $6.4 billion-asset Forbright Bank, said in a press release. "He will help us build a bank that delivers long-term value for customers, shareholders and society."
With prodding from their regulators, U.S. banks made some progress on assessing climate risk, but did not move as quickly as activists wanted. At the same time, new federal support for clean energy provided opportunities for lenders.
As president of Bask Bank, a standalone brand
The same press release announced that Jim Sigman, formerly global head of the capital markets and institutional client group at Wells Fargo, was named senior advisor at Forbright. He will focus on institutional counterparty relationships and growth opportunities and will advise on corporate and securities matters, according to the release.
