Last week, Laurel Road announced the addition of Scott Skorobohaty to their team of executives. Skorobohaty will complete the leadership team by serving as Executive Vice President of Community Banking.
Skorobohaty brings over twenty years of commercial banking experience to the table, having previously served as Executive Vice President at People’s United Bank. Skorobohaty will focus specifically on the growth strategy for the bank, particularly in the areas of commercial loans and deposits.
Laurel Road’s executive leadership team consists of five others including Chief Financial Officer George Sclavos, Chief Marketing Officer Alyssa Schaefer, Chief Strategy Officer Aryea Aranoff, Chief Operating Officer John Chung, and Chief Compliance Officer Josh Van Hulst, who also serves as general counsel.
The executive team is led by Chairman and CEO Gary Lieberman. With more than three decades of experience under his belt with growing and reorganizing businesses in the financial industry, Lieberman is in a unique position to lead the team of executives. He also serves as the CEO of West Side Advisors, LLC, an investment management firm in New York City.
The executive team continues to work on developing more products and services that will support their customers throughout the life of their loans. “By combining Laurel Road’s banking heritage with its digitally-driven offerings, the team is in a unique position to raise the bar for our customers,” said Lieberman.
Lieberman expressed excitement over the growth of the executive team, adding that “we will continue to evolve the online lending landscape” with an extra focus on customer satisfaction and experience, transparency, and security.
Laurel Road continues to grow steadily since undergoing a significant rebranding last summer. The company recently reached the $3 billion mark in total student loans funded.
Laurel Road is the online lending platform offered by Darien Rowayton Bank (DRB), a Connecticut-chartered bank originally established in 2006. DRB created the Laurel Road brand to reflect the changing needs of their customers and significant advances in technology. They offer student loan refinancing (consolidation loans meant to pay off pre-existing loans, leaving a borrower with one new loan, interest rate, and repayment term), in-school MBA loans (private student loans meant to help a borrower cover an MBA program), and other types of loans in all 50 states.
Traditionally, banks have been resistant to the growing trend of financial technology services. But the tide seems to be turning as more banks choose to partner with fintech firms or offer their own online lending services. It remains to be seen how this will affect the average consumer, but it does offer the promise of increased flexibility and service options.
Author: Andrew Rombach
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