Sonata Bank has joined the American Fintech Council (AFC), a move that underscores the bank’s focus on using technology to improve access to financial services. The AFC is an industry association representing fintech companies and innovative banks that support responsible innovation in financial services.
Sonata Bank, based in Brentwood, Tennessee, serves business and personal banking customers throughout Middle Tennessee and Western Kentucky. Its digital banking platform also reaches clients across the United States. The bank specializes in digital solutions for underserved markets, including businesses with complex cash management needs.
Phil Goldfeder, CEO of the American Fintech Council, said, “Sonata Bank’s technology-first approach reflects how modernization can help banks meet customers where they are. By combining community banking values with digital tools, Sonata demonstrates that responsible innovation can both strengthen local communities and deliver practical solutions for small businesses and workers. We look forward to working with Sonata to advance financial inclusion for workers and businesses across the country.”
Sonata Bank has been recognized as one of Tennessee’s leading community and commercial lenders. According to 2024 FDIC data, it is the fastest-growing bank in Nashville by deposits and is ranked as the top commercial lender in the state. The bank has established a niche serving quick-service restaurant franchise owners and their employees nationwide, aiming to boost financial inclusion and workforce retention.
Wendell Bontrager, CEO of Sonata Bank, stated, “Joining the American Fintech Council reinforces Sonata Bank’s commitment to responsible innovation and strong industry standards. We’re excited to collaborate with AFC and its members to help shape a regulatory environment that supports modern banking solutions with increased access for consumers and business owners nationwide. As we continue to scale, we're exploring opportunities to expand our fintech partnership capabilities to bring innovative financial solutions to more Americans."
The AFC promotes transparency, inclusivity, and customer-focused practices within the financial sector by supporting sound public policy and fostering competition among consumer finance providers.
Sonata Bank is an FDIC-chartered institution led by experienced industry professionals. It offers a full range of products for both business and personal banking customers in its core markets while serving QSR franchisees across the country.