First Bank of the Lake has joined the American Fintech Council (AFC), an industry association representing fintech companies and innovative banks offering embedded finance. The bank is now part of a group dedicated to advancing financial solutions as the industry undergoes digital transformation.

Phil Goldfeder, CEO of AFC, expressed enthusiasm about the new member: “First Bank of the Lake has a long history of providing modern and innovative banking services catered to the unique needs of its community and the consumers it supports. We are proud to welcome First Bank of the Lake and my great friend Ana Liza Grandner to AFC and look forward to working with them to ensure communities continue to benefit from responsible fintech innovations and have access to important financial tools.”

Ana Liza Grandner, Senior Vice President and Chief Payments Officer, along with Phil Bianco, Executive Vice President and Chief Technology Officer, are leading First Bank of the Lake’s strategy for embedded finance. They focus on compliance while fostering fintech partnerships. Grandner stated, “Joining the American Fintech Council is a meaningful step for First Bank of the Lake as we expand partnerships with innovative fintechs and enhance our digital capabilities. Our commitment to responsible, people-centered innovation drives us to leverage advanced financial technology to support communities and businesses alike.”

The announcement follows First Bank of the Lake's partnership with Infinant, another AFC member that aids financial institutions in scaling their finance solutions without compromising compliance. The collaboration underscores a shared commitment among AFC members to prioritize community-focused innovation.

AFC aims to promote a transparent financial system by supporting responsible innovation in services. It encourages sound public policy while fostering competition in consumer finance.

First Bank of the Lake is headquartered in Osage Beach, Missouri, serving individuals and businesses for over 39 years across 35 states. It offers various deposit and lending services including residential mortgages and commercial lending.

For more information about First Bank of the Lake, visit their website at https://www.fblake.bank.