First Electronic Bank combines responsible banking with innovation to provide financial services that benefit society. Self-described as dedicated to serving communities with safe and accessible financial products.

First Electronic Bank

First Electronic Bank | 1,482 followers on LinkedIn. Evolving the financial services ecosystem | 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.

James Hill

Project Manager

Angela Miller

Fintech Executive & Chairman at First Electronic Bank

Stephen Sorenson

Strategic Partnerships Manager at First Electronic Bank

Joe Leal

First Electronic Bank is pleased to announced the appointment of Sherrie Rees as Interim President and Chief Executive Officer (CEO). Ms. Rees joined FEB as our Chief Financial Officer in September of 2022, and has been an integral part of the executive management team during a time of growth and expansion. Sherrie has over thirty years of banking experience, primarily as CFO and in other leadership positions. Prior to joining FEB, Sherrie was the CFO at Edward Jones Bank (In Formation), where she worked with state and federal regulators towards the preparation of an application for a new Utah Industrial Bank. Prior to Edward Jones, she served for twelve years as CFO of Medallion Bank, overseeing all aspects of the bank’s accounting, cash management, asset liability management and internal controls. She has also served as CFO at SNFC Bank and American Investment Bank. In addition to her role at FEB, Sherrie is active within the Utah banking community and is a board member with Family Promise. Sherrie holds her MBA, CPA, and is a graduate of the Pacific Coast Banking School.

After four years of leadership, Derek Higginbotham stepped down last week as President and CEO of First Electronic Bank. Under Derek’s visionary guidance, FEB has grown from a small $20mm bank to a $420mm bank serving thousands of small businesses and millions of individual customers. Derek’s legacy includes transforming our product portfolio, expanding into new partnerships, and fostering an innovative culture that has made us one of Utah’s "Top Workplaces” for two consecutive years. More importantly, he has been an inspiring leader to countless employees and a steadfast champion of our core values. While we will miss his daily presence, Derek has built a strong foundation and leadership team that will continue driving our mission forward. Please join us in thanking Derek for his extraordinary contributions and wishing him the very best in his future endeavors.

FIRS

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First Electronic Bank