Former Bank CEO Named to Executive Sales Position with Springhouse Compliance

BIRMINGHAM, Alabama, August 16, 2018 – Springhouse Compliance, a leading provider of compliance and audit solutions to financial institutions, has named experienced bank CEO Rex Yarborough as executive vice president of sales. Yarborough will be responsible for selling the company’s compliance training and audit management solutions to financial institutions and mortgage brokers throughout the United States.

Yarborough has over 33 years banking experience in numerous capacities. In 2006 he was the lead organizer of Valliance Bank, a de novo bank in the Dallas/FortWorth market that reached $150MM in assets in the first 2 years. Throughout his banking career he has served as president of three additional community banks in the Texas and New Mexico markets. More recently Yarborough was a business development manager for Atherio, Inc. where he developed a new line of business in the tech sector that resulted in$1MM in annual sales. 

“We are pleased to have someone with Rex’s breadth of banking experience on board with Springhouse Compliance,” said Starr Largin, president of Springhouse Compliance. “Rex understands banks from the bottom up and will be able to demonstrate the benefits and value of our solutions to all areas of the institution,” she said.

“I have known the individuals behind Springhouse Compliance for many years and know that they are delivering much needed, quality solutions to the financial marketplace,” said Yarbrough. “I am excited to be a part of this team and look forward to and exciting time of growth,” he said. 

About Springhouse Compliance

Springhouse Compliance was formed to deliver affordable, high-quality software solutions and services to US financial institutions. Its flagship solutions are FiHub, which delivers comprehensive online training solution for compliance officers and board members and AuditBridge, a solution that streamlines audits and examinations for financial institutions. Springhouse Compliance is under the umbrella of Nxtsoft, (www.nxtsoft.com), a company focused on growing companies in the tech sectors of cybersecurity, reg-tech/compliance, fintech and blockchain.  For more information on Springhouse Compliance visit www.springhousecompliance.com or contact Starr Largin, president, at slargin@springhousecompliance.com or 205.541.2127.

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