Park Yeon-hyeon named first head of ‘Finda Savings Bank’; key figure behind Toss Bank’s Together Loan

[Financial News] The inaugural CEO of Daewon Savings Bank, which fintech firm Finda is acquiring, has been appointed.
According to Finda on the 22nd, former Toss Bank strategic development team head Park Yeon-hyeon was appointed the new CEO of Daewon Savings Bank in a board vote that day. Park joined Toss Bank before it received a banking license in 2020 and led the development of products such as ‘joint lending (Together Loan).’
The previous day, Finda received approval from the Financial Services Commission for a change of major shareholder as part of its acquisition of Daewon Savings Bank. The acquisition price is 12 billion won in total. Finda secured a 60% stake, becoming the largest shareholder, while JB Financial Group holds the remaining 40% through THE JEONBUK BANK LTD.
The acquisition has established a mutually complementary partnership between Finda and JB Financial Group. Finda will lead technological innovation and the operation of ‘AI-native banking,’ while JB Financial Group will handle risk and loan soundness management, internal controls, and regulatory compliance, drawing on THE JEONBUK BANK LTD.’s banking expertise.
Daewon Savings Bank is set to be renamed Finda Savings Bank. It is understood that the headquarters, currently in Gyeongju, North Gyeongsang Province, will be relocated to another location in North Gyeongsang Province or to Gangwon Province.

[email protected] Kim Tae-il Reporter