Company Overview of Sallie Mae Bank
Sallie Mae Bank provides education loans to students and their families. It funds loans under various education loan programs, including education and private consolidation loans. The company was founded in 2005 and is based in Reston, Virginia. Sallie Mae Bank operates as a subsidiary of SLM Corporation.
5217 South State Street
Murray, UT 84107
Founded in 2005
Key Executives for Sallie Mae Bank
Chief Executive Officer and President
Chief Executive Officer of Sallie Mae and Director
Executive Vice President of SLM Corporation, General Counsel of SLM Corporation and Corporate Secretary of SLM Corporation
Compensation as of Fiscal Year 2014.
Sallie Mae Bank Key Developments
Sallie Mae Bank Appoints Jim Matheson and Vivian C. Schneck-Last to the Board of Directors
Mar 30 15
Jim Matheson and Vivian C. Schneck-Last have been appointed to the board of directors of Sallie Mae Bank. Mr. Matheson represented the state of Utah in the U.S. House of Representatives from 2001 to 2015. Mr. Matheson served as a chief deputy whip for the House Democratic Caucus and was a member of the Energy and Commerce, Financial Services, and Transportation and Infrastructure Committees. Earlier this year, he joined Squire Patton Boggs. Ms. Schneck-Last brings more than 25 years of experience in developing, implementing, and executing strategic technology initiatives at Goldman Sachs & Company, most recently serving as Managing Director, Global Head of Technology Governance. During her tenure, Ms. Schneck-Last played instrumental roles in readying the firm's information technology function first for becoming a public company and then a bank holding company. Ms. Schneck-Last established the firm's technology governance function and Technology Risk Committee, founded the Technology Business Development function and was a key liaison with regulators during the firm's transition to bank holding company status.
Sallie Mae Appoints New Members to National Sales Team
Feb 5 15
Sallie Mae announced the appointment of several new members to its national sales team. David Long joins Sallie Mae as vice president and head of the companyâ s South Region. Long comes to Sallie Mae after spending the last four years at USA Funds where he was Vice President of Sales managing the national sales and consulting teams. Long is a graduate of the University of South Alabama and holds a master's degree from Samford University. Nicki Bucceri returns to Sallie Mae as director of business development for North Carolina. Bucceri brings more than eight years of experience in higher education, including previous roles at Sallie Mae and most recently with Higher One Inc. Bucceri is a graduate of the University of South Carolina. Chris Earnshawbrings more than 12 year of higher education and financial experience to his new role as director of business development for New York. Prior to joining Sallie Mae, Earnshaw held positions at Nelnet Diversified Solutions, Key Bank and Chase Education Finance. He is a graduate of Rhode Island College and earned a master's degree from Providence College. Melony Ohalek returns to Sallie Mae as director of business development for Western Pennsylvania. Ohalek brings more than 15 years of higher education and financial aid experience most recently at Apollo Education Group and previously at Sallie Mae. She is a graduate of Ohio State University. Brad Riebelcomes to Sallie Mae with more than 20 years of experience in higher education finance and banking, most recently at US Bank. Riebel will serve as director of business development for Minnesota. He is a graduate of St. Johnâ s University. Shawn Murphybrings more than 18 years of higher education and financial aid experience to his new role as director of business development for Colorado. Murphymost recently served as interim Director of Financial Aid at the University of Denver and previously held positions at Rider University, the New Jersey Higher Education Assistance Authority and Citigroup Student Loan Corporation. He is a graduate of Rider University.
Sallie Mae Bank Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for Full Year 2014
Jul 30 14
Sallie Mae Bank announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter the company reported net income attributable to the common stock was $40.9 million, or $0.09 per diluted share, compared to $76.47 million, or $0.17 per diluted share, for the same quarter ended June 30, 2013. Net interest income for the second quarter ended June 30, 2014 was $144.54 million, compared to $107.42 million for the same quarter ended June 30, 2013.
Net income attributable to the common stock for the six months ended June 30, 2014 was $88.35 million, or $0.2 per diluted share, compared to $149.35 million, or $0.33 per diluted share, for the same period ended June 30, 2013. Net interest income for the six months ended June 30, 2014 was $283.78 million, compared to $223.12 million for the same period ended June 30, 2013.
The company announced earnings guidance for full year 2014. For 2014, the company expects diluted core earnings per share to be in the range of $0.41 to $0.43.
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