FinWise Bancorp promotes James Noone to President of FinWise Bank; approves new compensation plans

Finwise Bancorp

James Noone appointed President, Chief Strategy Officer & Chief Credit Officer of FinWise Bank, effective March 21, 2023.
Base salary increased to $450,000; target cash bonus set at $400,000 under new Cash Bonus Plan for 2023.
CFO Javvis Jacobson receives target cash bonus of $90,000 under the same plan.
LTIP grants consist of 80% restricted stock and 20% stock options, vesting over 3 years based on ROAA.
Noone's LTIP award valued at $300,000 and Jacobson's at $270,000, assuming $10.00 stock price.

item 5.02

Executive movements

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Role change

James Noone

President, Chief Strategy Officer & Chief Credit Officer

FINW · Finwise Bancorp

Effective: 2023-03-21
Filed: March 27, 2023, 7:59 PM ET

On March 21, the Board of Directors (the “Board”) of FinWise Bancorp (the “Company”) appointed James Noone as President, Chief Strategy Officer & Chief Credit Officer of FinWise Bank, a wholly owned subsidiary of the Company (the “Bank”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

James Noone was appointed as President, Chief Strategy Officer & Chief Credit Officer at Finwise Bancorp.

Action: appointed
Role: President, Chief Strategy Officer & Chief Credit Officer

Exact text from the filing

On March 21, the Board of Directors (the “Board”) of FinWise Bancorp (the “Company”) appointed James Noone as President, Chief Strategy Officer & Chief Credit Officer of FinWise Bank, a wholly owned subsidiary of the Company (the “Bank”).

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Finwise Bancorp filing history →

Source: SEC EDGAR

accession 0001140361-23-014015

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