Muetzel Named Fintech President

Rhea-AI Summary

Blue Ridge Bank has appointed Kirsten Muetzel as President of its Fintech Division, effective January 3, 2023. Muetzel will oversee a portfolio of partners, enhance regulatory compliance, and drive the bank's fintech strategy. With over ten years of experience in banking supervision at the Federal Reserve and roles in fintech firms, she aims to strengthen relationships with fintech partners, enhancing products and services while creating new revenue streams. Blue Ridge Bank is recognized for its community banking impact and received accolades such as being named one of America's Best Small Banks.

Positive

• Appointment of Kirsten Muetzel as President of Fintech Division may enhance strategic partnerships and compliance.
• Muetzel's extensive experience in banking regulation and fintech could lead to improved services and new revenue streams.
• Recognition as one of America's Best Small Banks indicates strong market position and customer trust.

Negative

• None.

CHARLOTTESVILLE, Va., Jan. 3, 2023 /PRNewswire/ -- Kirsten Muetzel has been named as the President of Blue Ridge Bank's Fintech Division. Ms. Muetzel is responsible for overseeing the Fintech Division, managing a portfolio of partners, strengthening regulatory compliance, and working to advance Blue Ridge's fintech strategy as a leading partner of choice for Banking as a Service partners. 

"I am thrilled to welcome Kirsten to our team," said Brian K. Plum, Chief Executive Officer of Blue Ridge Bank, N.A. "Kirsten is a respected thought leader in the industry, and she brings the perfect combination of banking supervision experience coupled with fintech industry knowledge and business acumen. Her knowledge base has been cultivated as a banking regulator working with banks in the fintech space, to being an executive at a fintech, to consulting for banks increasing their efforts in the space.  Kirsten will be instrumental as we continue building the necessary infrastructure to support current partnerships while preparing the foundation upon which to build future success."

"I am excited to join the tech-forward team at Blue Ridge Bank and help shape the future of community banking. There continue to be significant opportunities for banks to develop relationships with fintech firms and create new revenue streams while in turn enhancing products and services to existing customers." Said Kirsten Muetzel, "Community banks are uniquely positioned to make a positive impact in their local markets while also reaching new markets through these partnership activities. Many of these fintech arrangements are focused on improving access to financial services, which can make a real difference in someone's day-to-day life, and thereby inspires me."

Muetzel brings over a decade of experience working with the Federal Reserve system, including supervising banks involved in BaaS and related partnerships. Additional experience includes being a Chief Financial Officer and Chief Risk Officer for fintech companies. Prior to working with the Federal Reserve, Ms. Muetzel worked at Goldman Sachs and Arthur Andersen. She holds a B.S.B.A degree in Accounting from the University of Arizona, an MBA from Columbia Business School, and a Master of International Affairs from Columbia University. Ms. Muetzel has maintained an active role in volunteering with numerous organizations throughout her career. 

About Blue Ridge Bank:

Blue Ridge Bank, N.A., is the wholly owned banking subsidiary of Blue Ridge Bankshares, Inc (NYSE American: BRBS). Blue Ridge Bank provides a wide range of financial services including retail and commercial banking, payroll, insurance, card payments, wholesale and retail mortgage lending, and government-guaranteed lending. Visit mybrb.bank to learn more. Blue Ridge Bank was named one of America's Best Small Banks by Newsweek. The Bank also received a 5-star rating from Bauer Financial, the nation's leading independent bank rating firm.

View original content to download multimedia:https://www.prnewswire.com/news-releases/muetzel-named-fintech-president-301711926.html

SOURCE Blue Ridge Bank, N.A.

FAQ

Who is the new President of Blue Ridge Bank's Fintech Division?

Kirsten Muetzel has been appointed as the new President of Blue Ridge Bank's Fintech Division.

What are Kirsten Muetzel's qualifications?

Kirsten Muetzel has over ten years of experience with the Federal Reserve, and has held executive roles in fintech, along with degrees from the University of Arizona and Columbia University.

What is the significance of the appointment for Blue Ridge Bank (BRBS)?

Muetzel's appointment is expected to strengthen partnerships in the fintech space, enhancing service offerings and driving revenue growth for Blue Ridge Bank (BRBS).

When was Kirsten Muetzel appointed President of the Fintech Division?

Kirsten Muetzel was appointed President of the Fintech Division of Blue Ridge Bank on January 3, 2023.