Cross River Bank (Cross River), a provider of banking services for technology companies,  announced that it has appointed Melissa Ballenger as its Executive Vice President and Chief Financial Officer, effective immediately. Ballenger is a seasoned global finance executive who joins Cross River from State Street Corporation, where she served as Executive Vice President, Chief Financial Officer of Europe, Middle East and Africa (EMEA). Over the course of her more than 25-year career, Ballenger has served in executive leadership roles for companies across the financial services industry, including payments, consumer and commercial banking, mortgages, and investment servicing and management.

“As we look to the future, bringing on an executive of Melissa’s caliber – who possesses deep industry knowledge, a proven track record, and a clear ability to lead – positions Cross River to drive further growth and capitalize on the many opportunities ahead,” said Gilles Gade, founder, CEO, and Chairman of Cross River. “Melissa is a true finance leader with a diverse set of experiences, and she will be an exceptional asset to our strong, talented team. We look forward to leveraging Melissa’s expertise and financial acumen as we continue to build on our forward momentum following our recent equity raise and acquisition.”

As Cross River’s CFO, Ballenger will be responsible for overseeing the Company’s strategic and financial planning, balance sheet structuring, accounting functions, risk management practices, as well as its funding strategies – helping to drive Cross River’s continued profitability and next stage of growth. Ms. Ballenger will report directly to Gilles Gade, CEO of Cross River.

“Cross River is disrupting a dynamic and rapidly-evolving financial services industry, and I am incredibly excited to be part of the team that will help this Company continue to grow and develop,” said Ms. Ballenger. “Gilles and his team embody the kind of leadership and values that inspire a culture of innovation and entrepreneurship that is helping to redefine the financial services and fintech space. I am looking forward to working alongside Gilles and the rest of the team to further strengthen the Company’s position as a leading provider of banking and fintech solutions.”