Full-Time
Vice President Banking Compliance
HMDA Officer, CRA Officer
Servbank
11-50 employees
Mortgage subservicer delivering end-to-end servicing
Compensation Overview
$108.6k - $127.1k/yr
Danville, IL, USA
Hybrid
Remote within the United States, but residents within 50 miles of an office must work in-office.
 Legal & Compliance (1) |
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- At least 5 years of progressive experience in banking compliance, risk management, or audit.
- Demonstrated expertise in HMDA, CRA, and Fair Lending, including program management and reporting.
- Strong experience supporting deposit operations, disclosures, and commercial and consumer lending compliance.
- Experience interacting with regulators, including the OCC, FDIC, CFPB, or Federal Reserve.
- Deep understanding of consumer protection regulations, including ECOA, TILA, RESPA, UDAAP, Reg DD, and Reg E.
- Knowledge of HMDA data collection, validation, and reporting requirements.
- Knowledge of CRA performance standards and evaluation criteria.
- Knowledge of Fair Lending analytics and risk assessment methodologies.
- Familiarity with compliance systems, data analytics tools, and reporting platforms.
- Ability to lead cross-functional initiatives and influence senior stakeholders.
- Strong analytical, problem-solving, and decision-making skills.
- Excellent written and verbal communication skills, including executive-level reporting.
- Lead second-line oversight of compliance across deposit operations, consumer and commercial banking, and lending activities.
- Ensure adherence to HMDA, CRA, ECOA/Reg B, TILA, RESPA, UDAAP, TISA, EFTA, and applicable OCC guidance.
- Review and approve customer disclosures and notices, including account opening, maintenance, product changes, and fee schedules.
- Oversee development, implementation, and maintenance of compliance policies, procedures, and controls across business lines.
- Provide expert guidance on regulatory interpretation, applicability, and implementation.
- Prepare executive-level reporting for senior management, the Risk Committee, and the Board on compliance trends and risks.
- Maintain relationships with internal audit, legal, and business partners.
- Serve as the Bank’s HMDA and CRA Officer and lead the Bank’s HMDA and CRA Task Forces.
- Oversee HMDA data integrity, reporting, and governance, including data validation, scrubbing, and annual LAR submissions.
- Lead CRA program oversight, including performance monitoring, assessment area analysis, and regulatory exam readiness.
- Direct Fair Lending program activities, including risk assessments, statistical analysis, and monitoring for disparate treatment or disparate impact.
- Review findings, root cause analyses, and corrective action plans, and ensure timely escalation of material issues.
- Partner with internal stakeholders to identify and remediate potential compliance risks.
- Provide oversight of compliance risks related to deposit products, account servicing, and customer disclosures.
- Ensure compliance with regulatory disclosure requirements and customer communications, including Reg DD and Reg E.
- Collaborate with operations and product teams to ensure compliant product design and lifecycle management.
- Provide advisory support on new product development, system implementations, and strategic initiatives.
- Ensure timely incorporation of regulatory changes into policies, procedures, and controls.
- Promote a proactive, risk-aware culture aligned with the Bank’s compliance and risk appetite.
- Professional certification such as Certified Regulatory Compliance Manager (CRCM), preferred but not required.
- Experience in a growth-oriented bank in the $1 billion–$10 billion range with evolving regulatory expectations.
- Ability to build and enhance compliance programs in a dynamic environment.
Servbank provides full-service community banking and end-to-end mortgage subservicing for banks, credit unions, non-banks, and other financial institutions. Its core mortgage service uses ICE Mortgage Technology MSP for servicing plus the SIME platform to give clients real-time portfolio data and a complete servicing ecosystem, including customer care, default management, escrow, and private-label servicing. The company differentiates itself with a dedicated focus on mortgage subservicing, integrated technology for transparent portfolio visibility, and continuity in leadership drawn from The Money Source. Its goal is to become the premier bank subservicer and grow its subservicing and related banking services across new clients and channels.
Company Size
11-50
Company Stage
Debt Financing
Total Funding
$90M
Headquarters
Oswego, Illinois
Founded
1994
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Simplify's Take
What believers are saying
- August 13 2026, ServBanc raised $90 million from 45+ investors.
- March 12 2026, IF Bancorp closed, adding Illinois branches and customers.
- June 30 2026 assets reached $1.7 billion, supporting more M&A.
What critics are saying
- June 25 2026, shareholders sued ServBanc over merger disclosures in Northern Illinois.
- Q4 2026 conversion of Iroquois Federal risks servicing errors and customer attrition.
- One servicing platform and The Money Source concentration create existential client-loss risk.
What makes Servbank unique
- Servbank combines a national bank charter with mortgage subservicing, unlike pure-play servicers.
- August 2026 notes funded acquisitions while preserving Tier 2 capital flexibility.
- Servbank's February 2024 rebrand and July 2025 national charter hardened its platform identity.
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Benefits
Health Insurance
Paid Vacation
Paid Sick Leave
Performance Bonus
Company News
ServBanc Holdco, Inc., parent company of Servbank, National Association, has raised $90 million in growth capital through an oversubscribed private placement that closed on 13 August 2026. The offering attracted over 45 investors, including banks, insurance firms, and institutional investors. The funds consist of 7.00% Fixed-to-Floating Rate Subordinated Notes, qualifying as Tier 2 regulatory capital. Interest will remain fixed for five years before transitioning to a floating rate. ServBanc plans to use the capital for acquisitions and operational expansion. As of mid-2026, the company manages approximately $1.7 billion in assets. Its mortgage subservicing platform handles about $55.6 billion in unpaid principal balances across more than 200,000 customers nationwide. Performance Trust Capital Partners facilitated the offering, with legal representation from Hunton Andrews Kurth.
ServBanc Holdco, Inc. completes acquisition of IF Bancorp, Inc. OSWEGO, Ill., March 12, 2026 /PRNewswire/ - ServBanc Holdco, Inc. ("ServBanc"), the holding company for Servbank, National Association ("Servbank") and IF Bancorp, Inc. ("IF Bancorp") (NASDAQ: IROQ), the holding company for Iroquois Federal Savings and Loan Association ("Iroquois Federal"), jointly announce today the closing of ServBanc's acquisition of IF Bancorp and Iroquois Federal. ServBanc is led by Stavros Papastavrou, Chairman of the Board, a seasoned financial services executive with decades of industry experience. Mr. Papastavrou provides strategic leadership and oversight as ServBanc and its subsidiary bank, Servbank, continue to focus on sustainable growth and operational excellence. Headquartered in Oswego, Illinois, the completion of this acquisition expands Servbank's financial footprint further in the Illinois market. "This acquisition represents a strategic step forward as Servbank continues to grow its presence. We are excited to collaborate with the Iroquois team, whose deep community roots and customer-focused approach align closely with our own. Together, we will build on that foundation to support our communities and strengthen the organization for the future," said Mr. Papastavrou. "At its core, this acquisition is about people- our customers, our employees, and the communities that rely on us. By coming together, we are strengthening our ability to serve while preserving the relationship-driven, community-focused approach that has always defined Iroquois Federal. We look forward to growing with the Iroquois Federal team, entrenching our commitment to the communities, and providing best in class service to our customers," said Servbank CEO, Donald Satiroff. The long-term strategic plan for Servbank's acquisition of Iroquois Federal includes integration of the established and recognized Servbank subservicing platform, including technology and personnel. In connection with the acquisition, the Servbank board of directors has appointed Walter "Chip" Hasselbring III, as a director to its board, effective as of March 12, 2026. Mr. Hasselbring previously served as the CEO and Chairman of the board of directors for Iroquois Federal. Former branch offices of Iroquois Federal will continue operating under the name, "Iroquois Federal Savings and Loan Association, a division of Servbank, N.A." until the customer and data conversion is completed, which is anticipated to occur in the fourth quarter of 2026. Performance Trust Capital Partners, LLC served as financial advisor and Hunton Andrews Kurth LLP served as legal counsel to ServBanc Holdco, Inc. Keefe Bruyette & Woods, Inc., a Stifel Company, served as financial advisor and Luse Gorman, PC served as legal counsel to IF Bancorp, Inc. About ServBanc Holdco, Inc. ServBanc is the parent company of Servbank, a national banking association focused on delivering relationship-based banking solutions supported by modern technology and strong regulatory governance. Servbank provides a full suite of deposit, lending, and financial services to individuals, businesses, and institutional clients, with an emphasis on stability, compliance, and long-term value creation. Through its banking platform, Servbank supports strategic growth initiatives while maintaining a disciplined approach to risk management and customer service, aligning innovation with the strength of a regulated financial institution. As of December 31, 2025, ServBanc had, on a consolidated basis, total assets of $995 million, deposits of $600 million, and total equity capital of $210 million. Forward-Looking Statements This press release contains forward-looking statements, including, but not limited to, statements regarding the business of ServBanc, IF Bancorp and other matters. Any statements about its expectations, beliefs, plans, predictions, protections, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking statements. Forward-looking statements are typically, but not exclusively, identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends" "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements are subject to risks and uncertainties and are not guarantees of future performance and actual results may differ materially from those expressed or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and The AI Journal Ltd. undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law. Servbank N.A. NMLS #203463. Equal Housing Lender. Member FDIC. SOURCE Servbank
/PRNewswire/ -- ServBanc Holdco, Inc. ("ServBanc"), the holding company for Servbank, National Association ("Servbank") and IF Bancorp, Inc. ("IF Bancorp")...