Effective at the close of business on January 13, 2021, Robert Savino is no longer an employee or officer of BM
Technologies, Inc. or its subsidiaries. On January 19, 2021, BM Technologies, Inc. announced that James Donahue was promoted to Chief Technology Officer, effective January 13, 2021. Mr. Donahue joined the Company in October 2020 and has 25 years of experience successfully creating, implementing and supporting the technological foundation for brokerage, banking, insurance and health companies and the financial services industry. Mr. Donahue has previously served as Global Head of Cloud Architecture, Engineering and Delivery at Finastra, Chief Information and Security Officer of Interactive Advisory Software; and as a technology consultant for Protivit.
BM Technologies, Inc. is a financial technology company. The Company facilitates deposits and banking services between a customer and its partner bank, Customers Bank and First Carolina Bank, (the Partner Banks), which are related parties. The Company provides high-tech digital banking and disbursement services to consumers and students nationwide through a full service fintech banking platform, accessible to customers anywhere and anytime through digital channels. Its banking platform provides access to checking and savings accounts, personal loans, and financial wellness. Its fintech business model leverages Banking-as-a-Service (BaaS) partnersâ and University partnersâ existing customer bases to achieve high volume, low-cost customer acquisition in its Higher Education Disbursement and BaaS businesses.
BM TECHNOLOGIES, INC. 
