North American Banking Company hired Max Zappia as vice president and its new role of chief risk officer. .Zappia has regulatory and compliance experience for the State of Minnesota, including in the bank examination division of the Department of Commerce and with the Office of Cannabis Management. He also has experience in audit, compliance and risk management in the cannabis space. North American Banking Company had worked with Zappia during examinations and the bank’s rollout of its medical cannabis banking program in 2014, said CEO Michael Bilski.“That business has grown considerably, and today our payments processing services have also expanded rapidly,” Bilski added. “Both areas require robust risk management, extensive compliance and strong audit practices. Max’s hiring builds on our existing culture of compliance and helps ensure we balance regulatory responsibility with continued growth.”
