The Bank Slate


BM Technologies co-CEO resigns five months after taking job

BM Technologies in Wayne, Pa., said its co-CEO resigned after just five months on the job.


The fintech disclosed in a regulatory filing that Rajinder Singh stepped down on Aug. 29 “for personal reasons.” The company said his departure was not due to any disputes or disagreements/


BM Technologies said it had initiated a search to fill the vacancy created, though Luvleen Sidhu will serve as its sole CEO.


Singh will remain a non-executive employee until Dec. 31, providing transition and advisory services in exchange for his current base salary and employee benefits.


Singh, a member of the company’s board and a former executive at Raymond James, was named co-CEO in March.

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