Terry Hoover has joined the Thread team as its Chief Risk Officer, are happy to announce Thread Bancorp, Inc. and Thread Bank (collectively, “Thread”). In this capacity, Hoover is in charge of furthering the best-in-class status of Thread’s Enterprise Risk Management programme by assuring excellent risk management procedures and Thread’s ongoing regulatory compliance.
Hoover joins Thread with more than thirty years of experience in risk management. Hoover most recently oversaw the development of ERM programmes, FinTech monitoring, the installation of ERM and GRC software, and risk and control evaluations for financial institutions at Strategic Risk Associates, LLC in Dallas, where he worked before joining.
Prior to joining Strategic Risk Associates, Hoover worked for community banks for twenty years in top risk management positions. He also spent five years working as a bank examiner for the FDIC and OCC. Hoover holds degrees in accounting and information management from The University of Texas at Dallas and a bachelor’s degree in business administration in finance from Stephen F. Austin State University.