Timothy J. Mayopoulos

Former CEO of Fannie Mae and Silicon Valley Bridge Bank

Tim is an experienced financial services executive and lawyer. The FDIC appointed Tim in March 2023 as President and CEO of Silicon Valley Bridge Bank, N.A. following the failure of Silicon Valley Bank; he led the bridge bank until the FDIC sold most of its assets and liabilities to another financial institution. Tim previously served as President and CEO of Fannie Mae from 2012 to 2018. During his tenure, Fannie Mae delivered $167 billion in dividends to the U.S. Treasury. Tim was President of Blend Labs, Inc., a mortgage and consumer banking technology company, from 2019 to 2023.

Earlier in his career, Tim served as the General Counsel of Fannie Mae, the General Counsel of Bank of America, and in senior legal roles at Deutsche Bank, Credit Suisse First Boston, and Donaldson, Lufkin & Jenrette. Tim also practiced law at Davis Polk in New York.

Tim is a member of the boards of directors of SAIC and Blend Labs. Tim has advised and served on the boards of multiple early-stage companies. He has also served on the FDIC’s Systemic Resolution Advisory Committee since 2020.

Tim earned his A.B. with distinction from Cornell University and his J.D. cum laude from New York University School of Law.

A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $19,169 for a term of 36 months, with an interest rate of 10.49% and a 6.00% origination fee of $1,150 for an APR of 14.81%. In this example, the borrower will receive $18,019 and will make 36 monthly payments of $623. Loan amounts range from $1,000 to $40,000 and loan term lengths range from 24 months to 60 months. Some amounts, rates, and term lengths may be unavailable in certain states.

For Personal Loans, APR ranges from 8.98% to 35.99% and origination fee ranges from 3.00% to 8.00% of the loan amount. APRs and origination fees are determined at the time of application. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of March 8, 2024 and are subject to change without notice.

Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

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