GBank Financial Holdings Inc. announced its partnership with i2c Inc. to expand the Bank's existing gaming payments ecosystem through a virtual and physical credit product. Powered by i2c's agile payments platform, the Bank of George credit card will fill a need within an underserved, yet fast-growing, gaming and sports segment. The digitization of the U.S. gaming ecosystem is estimated to be a total addressable market upwards of $400 Billion.

The Company also announced that the Bank's credit card program development and Gaming FinTech Division will be directly overseen by David J. Fersdahl, who has been named EVP/Card & Payments. Mr. Fersdahl will continue to report to T. Ryan Sullivan, President/CEO.With 25 years of credit card experience, David Fersdahl brings deep industry knowledge to his new role. Mr. Fersdahl previously led the Credit Risk function for USAA's credit card portfolio, leading initiatives during his tenure to grow their portfolio from $5.5 billion to $16.1 billion.

Mr. Fersdahl has directed strategies to grow credit portfolios and has managed card products covering all spectrums of the customer base, from secured cards to high-end rewards products. In 2013, Mr. Fersdahl was promoted to President of USAA Savings Bank in Las Vegas, Nevada. At that time, USAA Savings Bank was the largest state-chartered institution in Nevada, with total assets of $16.3 billion.

Mr. Fersdahl led the conversion of USAA's more than 14 million credit and debit card accounts from Mastercard to Visa. Prior to joining USAA, Mr. Fersdahl gained his foundational credit risk experience at Chase Card Services, where he led the development of payment fraud strategies including the incorporation of checking account information from Primary Payment Systems, which was later renamed to Early Warning Systems. Prior to his new role as EVP/Card & Payments, Mr. Fersdahl joined Bank of George in April 2020 and served as its EVP/Chief Risk Officer.