Sonata Bank Expands Sponsor Banking Program with New Leadership
Sonata Bank announced on Oct 28, 2026, that it has hired Glenn Murray as Director of Sponsor Banking, a newly created role. Murray will build and lead the bank's BaaS program, working with fintech companies to bring banking products and services to market. He brings 20 years of experience in sponsor banking, payments and fintech.
Most recently, Murray served as Chief Strategy Officer at DreamFi, a Stamford, Connecticut fintech, where he helped take the venture from stealth to market launch. Before that, he was Vice President of Strategic Growth at Sutton Payments, a division of Sutton Bank, where he led business development and commercial strategy. Earlier roles included positions at PayPal, Merchant e-Solutions, Capital One, Mastercard and Discover Financial Services.
Sonata Bank CEO Wendell Bontrager said Murray has "the right combination of sponsor banking and payments experience to lead our product development priorities with fintech partners."
- New entrants to the sponsor-bank space suggest continued demand for BaaS despite regulatory headwinds
- Leadership hires in BaaS signal banks positioning to capture fintech partners displaced by consent orders at other sponsor banks