January 11, 2023
CHEVY CHASE, Md.- As part of its commitment to building a nationwide full-service bank focused on decarbonization, Forbright announced today that Jim Sigman has joined the Bank as Senior Advisor and Matthew Quale has joined the Bank as President of Digital Banking.
“Our unique commitment to decarbonization and sustainability, and strong institutional backing, continues to resonate with experienced and successful professionals,” said John Delaney, Founder and Executive Chairman of Forbright Bank. “Jim and I have had a nearly thirty-year professional relationship across multiple businesses and it’s an utter privilege to work with him again – we look forward to benefiting from his sage advice and insights. Matt joins us with decades of experience working at the highest levels of the intersection of consumer experience, technology and financial services – he will help us build a bank that delivers long term value for customers, shareholders, and society.”
Jim Sigman previously served as Global Head of Capital Markets and Institutional Client Group at Wells Fargo Bank. In this capacity, he oversaw the capital markets activities for high grade, high yield, leverage loans, and equity products including convertibles, SPACs, and market issuance. In his work overseeing Wells Fargo’s Institutional Client Group, he managed the bank’s largest counterparty relationships with asset managers, pension funds, endowments, hedge funds, and private equity firms. In addition to his more than two decades at Wells Fargo, Mr. Sigman served at Capital USA and Bank of America predecessor firms in various investment banking, corporate banking and securities roles.
Matthew Quale joins Forbright having previously served as Executive Vice President of Consumer Banking and Marketing for Texas Capital Bank. Additionally, he served as President of Bask Bank, Texas Capital Bank’s direct-to-consumer digital bank. Under Mr. Quale’s leadership, Bask became one of the fastest growing banks in the U.S. and helped challenge the mileage program status quo by rewarding customers for saving, instead of spending. Prior to building and overseeing Bask, Mr. Quale served as the Chief Marketing Officer of Brighthouse Financial, a consumer financial services business that was spun out of MetLife. Before joining MetLife/Brighthouse, he led sales strategy and enablement for American Express’s Global Merchant services business.
At Forbright, Mr. Sigman will focus on institutional counterparty relationships, growth opportunities, and advise on corporate and securities matters. Mr. Quale will lead the creation of a new digital banking platform.
Forward Looking Statements:
This news release contains forward-looking statements related to Forbright’s product offerings. The forward-looking statements involve uncertainties and do not guarantee future performance, as actual results or developments may be substantially different from the expectations described in the forward-looking statements.
About Forbright Bank:
Forbright Bank (www.forbrightbank.com), Member FDIC, Equal Housing Lender, is a full-service bank, commercial lender, and asset manager taking action to decarbonize the economy. Headquartered in Chevy Chase, Maryland, Forbright is committed to accelerating the transition to a sustainable, clean energy economy by financing the companies, investors, and innovators driving that change. With approximately $9 billion of owned and managed assets, the Bank provides specialty lending and banking services to clients across the United States.