Opened in 2005, the Sallie Mae Bank originates and funds private education loans in the US.

In 2010, Sallie Mae launched its direct banking business, offering FDIC-insured online savings accounts and Certificates of Deposit through the bank.

Thome brings 37 years experience in banking and financial services leadership to his new position. Most recently, he served as Sallie Mae’s senior vice president of business finance and procurement.

Thome joined the company in 2009 from Credit One Financial Services where he was the chief financial officer. Previously, he spent 10 years at MBNA where he was executive vice president of corporate development, mergers and acquisitions.

He began his career in public accounting at Coopers and Lybrand and then spent 15 years in senior executive positions at MNC Financial and First Tennessee Mortgage.