WebBank Announces Philip Gitler Named SVP – Head of Lender Finance

SALT LAKE CITY--(BUSINESS WIRE)--WebBank is pleased to announce the appointment of Philip Gitler as Senior Vice President – Head of Lender Finance. In this capacity, Mr. Gitler will be responsible for overseeing and growing the Bank’s asset-backed lending business. Under Phil’s leadership, the Lender Finance team will focus on providing debt capital to fintech / specialty finance companies and asset-backed private credit fund managers. The team will initially specialize in asset-backed warehouse facilities as well as back-leverage facilities with credit funds. Specifically, the Bank will engage in bilateral credit facilities and provide administrative agent services for larger syndicated facilities as well as participate in other bank syndications. Mr. Gitler seeks to leverage the Bank’s strong position in consumer and small business sectors as well as expand into other specialty finance asset classes that can benefit from his domain expertise. Phil intends to build on WebBank’s reputation as a FinTech leader and innovator in digital banking, and as a premier issuing bank and funding solutions provider to top platforms in the space.

Mr. Gitler has over two decades of experience in the asset finance industry, with deep experience across asset classes in origination, transaction structuring, execution, and portfolio management. Prior to joining WebBank, he served as Chief Strategy Officer at CURO Group Holdings and Managing Director and Portfolio Manager at Waterfall Asset Management, where he led and built-out the firm’s asset-backed private credit effort. His career also includes significant roles at Goldman Sachs, Merrill Lynch and his own advisory business, PMG Advisors LLC.

Mr. Gitler holds an M.B.A from the Wharton School of the University of Pennsylvania and a B.S. in Finance from the Pennsylvania State University.

“In charting the future of our Lender Finance business, we knew we needed a proven leader with both vision and execution acumen,” said Jason Lloyd, President & CEO of WebBank. "Phil’s deep expertise, industry connections, and solutions-oriented approach uniquely position him to expand our asset-backed lending business and drive long-term growth for WebBank.”

About WebBank
WebBank is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. Since its inception in 1997, WebBank has originated and funded over $250 billion in consumer and commercial credit products. As “The Bank Behind the Brand^®”, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS) and financial technology (FinTech) companies. The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner platforms. WebBank engages in a full range of banking activities including consumer and commercial loan products, revolving lines of credit, credit cards, private-label card issuance, auto-refinancing and more. The Bank provides capital in the form of asset-based lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary National Partners. For more information, please visit www.webbank.com.