ATTICA, Ohio--(BUSINESS WIRE)--Sutton Bank announced today that Terri Germano has joined the Bank and Sutton Payments as Deputy Chief Compliance Officer. Terri will establish and maintain effective Compliance Management Systems, and BSA/AML Compliance including risk assessments, regulatory policies, monitoring, testing and managing Compliance teams supporting both the Community Bank and Sutton Payment activities.
“Terri brings over 25 years of experience in risk and control including internal and external Audit, independent compliance assurance, regulatory compliance, project management and accounting at several major financial institutions,” stated Tony Gorrell, CEO. “At Sutton Bank, we strive to help our customers reach their financial goals while aiming to be the top bank of choice within the communities we serve. As the Bank continues to experience rapid growth in the payments space—which is one of those communities we serve, Terri will be instrumental in providing oversight to the critical function of compliance in that space as well as our core community Bank,” added Gorrell.
Terri most recently served as Internal Audit Director for a major online bank. She was responsible for directing and managing internal audit teams over the Compliance, Risk Management, Finance & Accounting, Marketing (Ops & IT) Operations, Legal, Human Resources and credit card operational functions. She has managed interactions with multiple regulators across several roles including the OCC, FRB, FDIC and CFPB over the last 16 years.
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 an issuing organization to a payment’s facilitator. Sutton Bank has now become one of the largest card issuers in the country. For more information on Sutton Bank, please visit www.suttonbank.com.
