Thread Bancorp in Brentwood, Tenn., has hired a banker from Live Oak Bank to oversee its fintech relationships.
The $417 million-asset company said in a press release that it recruited Andrew Montgomery to become its director of fintech partnerships. He is responsible for identifying and building partnerships with fintech companies and enhancing the bank’s suite of digital products and services.
Montgomery previously served as managing director of venture banking at Live Oak, where he helped lead the bank’s newly formed venture banking group. He helped lead the technology banking group at Silicon Valley Bank before joining Live Oak.
“Andrew brings a wealth of experience and expertise to the role, and I have no doubt that he will play a critical role in driving our efforts to expand and deepen our partnerships within the fintech ecosystem as we seek to thread embedded banking services into our partner platforms,” Chris Black, Thread’s president and CEO, said in the release.
Thread recently announced that it had formed a strategic partnership with Unit, a Banking-as-a-Service (BaaS) platform that helps clients embed financial services into their products.
Civis Bank was rebranded as Thread after Patriot Financial Partners and Hermann Cos. recapitalized Volunteer Bancorp in 2021.