CBA Elects New Members to Board of Directors

March 22, 2015

Three Senior Retail Banking Executives to Help Shape Priorities and Direction of CBA

Today, the Consumer Bankers Association’s Board of Directors elected three new members to join the Board:  Chad Borton – Fifth Third, Michelle Y. Lee – Wells Fargo, and Jeff Dennes – BBVA Compass. CBA's Board of senior retail banking executives guides the organization in its support of and advocacy for the retail banking industry, which provides banking services to America’s consumers and small businesses.

“Our Board of Directors is absolutely vital to the strength and knowledge of CBA. Their keen insights, developed over many years as senior executives at their institutions, and guidance have positioned our organization as the voice of the retail banking industry. Given their commitment to our consumers and the industry, we are proud to add the strong voices of Chad, Michelle, and Jeff to the board,” said CBA’s President and CEO Richard Hunt.

“The CBA serves as the voice for retail bankers on a wide range of critical issues affecting consumers and small businesses across the country,” said CBA Board of Directors Chair Tim Wennes from Union Bank. “We are very pleased to welcome three industry leaders whose experience and perspective will further strengthen our work on behalf of the retail banking industry.”

About CBA’s newest Board Members:

Chad Borton, Executive Vice President, Head of Consumer Bank – Fifth Third Bank
Chad Borton is head of Fifth Third Bancorp’s Consumer Bank.  Borton joined Fifth Third Bancorp in 2012 as senior vice president and head of Retail Banking. Previously, Borton held several senior management positions at JP Morgan Chase, including Consumer Bank chief financial officer, head of the Retail Distribution Network where he was responsible for expanding Chase’s branch and ATM network nationally and retail market manager for Chase’s branch network in several Ohio markets. Earlier in his career, Borton served as head of Retail Integration and Prioritization for Wachovia in Charlotte and was an associate principal at McKinsey & Company, where he served financial services clients. In addition, Borton worked at Goldman Sachs in New York and served as an active duty U.S. Army officer, where he was Airborne Ranger qualified. Borton received his bachelor’s degree in business economics and public policy from Indiana University, Kelley School of Business and his MBA from Harvard Business School.

Michelle Y. Lee, President, Community Banking (Eastern Region) – Wells Fargo
Michelle Y. Lee leads Wells Fargo’s Community Banking for the Eastern Region spanning 14 states and the District of Columbia.  Previously, Michelle was the Northeast Community Banking regional president and provided executive leadership for retail and small business operations in Connecticut, Delaware, New Jersey, New York and Pennsylvania. A 31-year company veteran, Michelle joined Wells Fargo (then First National State Bank) as a teller in 1984. Noted for her community commitment and business excellence, Michelle has been honored with the following accolades: Black Enterprise Magazine’s Most Powerful Woman in Corporate America, Girl Scouts of Greater New York 100th Anniversary award, named to the NJBIZ Best 50 Women in Business list, New York Women’s Agenda STAR Award, and Stand & Deliver’s Dr. Martin Luther King Jr. Leadership Award. Michelle also has been recognized by 100 Black Men of America, Executive Women of New Jersey and was selected for inclusion in the 2009 edition of Diversity Profile’s Women to Watch.

Jeff Dennes, Chief Digital Banking Officer – BBVA Compass
Jeff Dennes is Chief Digital Bank Officer and head of Business Development and Digital Transformation at BBVA Compass. Before joining BBVA Compass, Dennes led digital efforts at SunTrust and Huntington National Bank, where he was head of digital and chief digital officer, respectively. He was listed among the 2011 Top 10 Innovators of the Year by Bank Technology News and also landed on Bank Systems & Technology’s Elite 8 in 2010 for his work at USAA, where he was the executive director of digital. A 20-year veteran of the financial services industry, Dennes’ background also includes experience in integrated banking, investments and insurance self-service strategies and solutions. Dennes earned his bachelor’s degree in management from Texas State University in San Marcos, Texas.

About CBA
The Consumer Bankers Association (CBA) is the trade association for today's leaders in retail banking - banking services geared toward consumers and small businesses. The nation's largest financial institutions, as well as many regional banks, are CBA corporate members, collectively holding two-thirds of the industry's total assets. CBA’s mission is to preserve and promote the retail banking industry as it strives to fulfill the financial needs of the American consumer and small business.