Lendway, Inc. Names Elizabeth McShane as Chief Financial Officer

MINNEAPOLIS, MN / ACCESSWIRE / May 6, 2024 / Lendway, Inc. (Nasdaq:LDWY) ("Lendway"), a leading specialty ag and finance company (www.lendway.com), today announced the appointment of Elizabeth "Biz" McShane as its Chief Financial Officer, effective as of May 20, 2024.

Ms. McShane brings a wealth of experience to Lendway, having most recently served as Vice President and Corporate Controller at Regis Corporation, and previously holding senior finance and operations positions. With a foundation in public accounting from KPMG, Ms. McShane is primed to contribute significantly to Lendway's strategic growth.

Randy Uglem, President and CEO, expressed enthusiasm about Ms. McShane's appointment, stating, "Biz is a key addition to our leadership team, as she brings a proven record of financial and organizational leadership. Her experience will help drive forward the integration of Bloomia and support Lendway's lending business initiatives."

Mark Jundt, Chair of Lendway's Board of Directors, echoed Uglem's sentiments, saying, "We are extremely excited to have such a strong and experienced visionary financial expert join our organization and continue the momentum we have built in our specialty ag and finance focus. The Board is thrilled to work with Biz as we look to continue to build these incredible businesses."

"This is a very exciting time to join Lendway. The company has taken a bold step with its acquisition of Bloomia to propel its next chapter of growth and transformation into a specialty ag and finance business," said Ms. McShane. "I look forward to working with the team to drive operational efficiencies and cultivate new opportunities to create shareholder value."

Zack Weber, Lendway's Vice President of Finance and current principal financial and accounting officer, is expected to depart the company effective June 3^rd, 2024. Uglem commended Weber for his decade of service, particularly highlighting his contributions to Lendway's recent transformation. "Zack has been an incredible asset to the company, and we wish him nothing but the best in his future endeavors," added Mr. Jundt.

About Lendway, Inc.

Lendway, Inc (Nasdaq: LDWY) is a specialty ag and finance company focused on making and managing its ag investments in the U.S. and internationally. Lendway fully owns and operates FarmlandCredit.com, a non-bank lending business that seeks to purchase existing loans and/or originate and fund new loans domestically. Lendway is also the majority owner of Bloomia, one of the largest producers of fresh cut tulips in the United States. For additional information, contact [phone], or visit our website at www.lendway.com. Investor inquiries can be submitted to [e-mail].