First Electronic Bank is an FDIC-insured, state-chartered industrial bank headquartered in Salt Lake City, Utah. First Electronic Bank believes in building a financial services industry that is inclusive and effective for the diverse range of consumers, businesses, and partners that rely on it. We believe that expanded access to credit and innovation benefits society, and that quality financing programs must be compliant, economically stable, straightforward, and avoid consumer harm. We partner with dynamic technology and financial services providers to offer credit products across the credit spectrum: from “prime” to “subprime”, from small businesses to individual consumers, from general purpose credit cards to point-of-need installment loans. 

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First Electronic Bank

Derek Higginbotham

Stephen Sorenson

The Compliance team at First Electronic Bank ensures the bank adheres to federal and state regulatory requirements and internal policies. They perform regular audits, monitor transactional activities for potential compliance risks, and develop and enforce policies to prevent financial crimes and consumer harm. This team is critical to maintaining the bank's integrity and fostering trust with stakeholders by ensuring all operations align with legal standards and ethical practices.

Compliance

Leadership Team

Finance and Accounting

Compliance

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Leadership Team

Finance and Accounting