Merrick Bank, founded in 1997, is an FDIC-insured bank headquartered in South Jordan, Utah, with nearly $9 billion in assets and five million cardmembers nationwide. A wholly owned subsidiary of CardWorks, Inc., Merrick Bank provides responsible financial solutions that help customers build and strengthen their credit, while delivering exceptional service. As a leader in non-prime lending, Merrick Bank combines innovative technology, data-driven insights, and compassionate support to promote financial wellness for underserved consumers. Merrick Bank operates four main business lines: Credit Card • One of the largest non-prime card issuers in the U.S. (top 20 US Visa/MC issuer) • Leading non-prime issuer of credit cards under the Visa brand • Core customer base comprises US consumers in the 550 – 700 FICO range • Long history of acquiring portfolios of credit card receivables Recreational Lending • Provides non-prime indirect retail financing through a network of dealers • Originates secured consumer installment loans for the purchase of small boats, recreational vehicles, horse trailers, and ATVs Merchant Acquiring • Top 20 merchant acquirer, processing over $32bn in credit card transaction volume in 2020 for approximately 107,000 merchants • Clearing and settlement bank for approximately 45 ISOs