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Tailored specifically to meet consumer demand, Savings marks the digital bank’s latest offering in a roster of upcoming new services  LOS ANGELES, November 7, 2023 - Jenius Bank™,  is the digital division of SMBC MANUBANK, a California state-chartered commercial bank that is a wholly-owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group, announced the launch of its latest offering - the Jenius Bank Savings Account. This new product, which comes to market following the recent launch of Jenius Bank Personal Loans, is designed to empower customers to achieve their financial goals with greater ease and flexibility.   According to the Wall Street Journal, Americans are missing out on billions they could be earning with a better rate. With such an overwhelming consumer gap, Jenius Bank used its extensive and ongoing consumer research program to understand what a new savings product could do to help advance consumers’ financial and life goals and reduce stress.   As a result, Jenius Bank is offering a market-leading rate, ensuring that customers' hard-earned money grows at an accelerated pace. ​​    Key features of the Jenius Savings Account, in addition to the ​​market-leading rate, include:    ​​​No Minimum Balance Requirement: Customers can grow their savings on their terms.  Accounts can be opened with as little or as much as they want.   FDIC Insured Funds: To prioritize the safety and security of customer funds, deposits are FDIC insured up to the maximum allowable by law.  Deposits at Jenius Bank and SMBC MANUBANK are combined for the purpose of calculating FDIC insurance limits.  Around-the-Clock Customer Service: Jenius Bank’s customer service is 100% digital for those who prefer it, and 100% human when customers want it, providing 24/7 access to U.S based customer care, by phone or online chat.   No fees: Unlike other banks, savings accounts through Jenius Bank will not have any fees.  No monthly, withdrawal, inactivity, overdraft, account opening or closing, or excessive transaction fees, enabling customers to save even more.   Continuous Fraud Monitoring: Customers can rest easy knowing that Jenius Bank monitors against fraud day and night, all year.    "Jenius Bank’s goal isn’t to create just another savings account option. We wanted to put something in-market that truly addressed the top needs of consumers in today’s climate,” said John Rosenfeld, President of Jenius Bank. "We’ll continue to take this approach in developing the rest of our product suite as a further commitment to giving our customers the tools they need to empower themselves with smarter banking to create a richer life for themselves."  This launch comes just months after Jenius Bank’s inaugural launch of personal loans, demonstrating the rapid growth the new digital bank is experiencing. The Jenius Bank Savings Account is available to both existing and new customers, and they can open an account at www.jeniusbank.com.    “We’re committed to crafting all of our products with great consideration for the insights we receive from our consumer research, and this savings launch is no exception,” says Andrew Harris, Managing Director and Head of Product at Jenius Bank. “From the early days of development, we understood the need for competitive rates and flexibility needed in a savings account, and will continue to prioritize our consumer insights to inspire features for future rollouts.”  To learn more about Jenius Bank Savings and Personal Loan options, please visit www.jeniusbank.com.    About Jenius Bank   Now open to customers, Jenius Bank has a mission to help people live a richer life through actionable insights and innovative tools powered by best-in-class technology. The bank currently offers personal loans and a savings product, with a mobile app launching in the coming months. Jenius Bank is the digital division of SMBC MANUBANK, a California state-chartered commercial bank that is a wholly-owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group. The Jenius Bank team works primarily remotely ​​with employees in 39 states, but also maintains offices for team collaboration in Phoenix, Arizona; Los Angeles, California; New York, New York; and Charlotte, North Carolina. To learn more information about Jenius Bank, visit www.jeniusbank.com.   ​​​About SMBC Group  SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 150 offices and 86,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and ADRs on the New York (NYSE: SMFG) stock exchanges.    In the Americas, SMBC Group has a presence in the U.S., Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., SMBC Capital Markets, Inc., SMBC Rail Services LLC, SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. For more information, please visit www.smbcgroup.com.  About SMBC MANUBANK  Founded in 1962, SMBC MANUBANK is a California state-chartered commercial bank based in Los Angeles and is a wholly-owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group. SMBC MANUBANK serves the specialized needs of middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies. For more information, please visit www.mbmanubank.com.  This document may contain forward looking statements, which may include projections, forecasts, income estimates, yield or return, future performance targets, or similar analysis. Any such forward-looking statements, prices, indices, or measures are based upon certain assumptions. All forward-looking statements are based on the information available at the time the document was prepared, and Jenius Bank is not obligated to provide an update. Actual events may differ from those assumptions or available information. Any opinions, projections, price/yield information or estimates are subject to change without notice. There can be no assurance that any estimated returns or projections will be realized, that forward-looking statements will materialize, or that actual results will not be materially different from those presented herein. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The value, price or income from transactions or strategies may fall as well as rise.   Press Contact:  Bianca Repasi  SourceCode Communications   jeniusbank@sourcecodecomms.com  

Offering marks bank’s first consumer product in a roster of upcoming new services LOS ANGELES, July 11, 2023 - Jenius Bank™, the digital banking division of Manufacturers Bank, a California state chartered commercial bank that is a wholly-owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group, today announced the launch of personal loans, its inaugural product. Jenius Bank intends to become a full-service bank for the U.S. market with additional offerings in the coming months, including a savings product and mobile app. Data shows that 78% of millennials are frustrated with traditional banking processes and 81% would like their bank to make suggestions about their financial goals, demonstrating the need for a holistic new approach to deliver personalized banking experiences. “Jenius Bank’s personal loans launch continues to fuel our mission to empower customers with smarter banking to create a richer life for themselves,” said John Rosenfeld, President of Jenius Bank. “Personal loans offer the ability for customers to save thousands on higher-rate debt. In an environment where many are looking to save and pay down debt, our personal loans with flexible terms and discounted rates are a great option.” Jenius Bank will also use best-in-class technology to make mastering personal finances easier by allowing aggregation of all money management in a forthcoming easy to use app. As financial services become more and more driven by advanced technologies, Jenius Bank aims to show customers how they can benefit from the power of data, while still maintaining a strong element of humanity in its banking relationships. Jenius Bank personalizes banking using an established and extensive consumer research program that drives product designs with direct customer input. Keeping the customer top of mind, Jenius Bank also offers U.S.-based 24/7 first-class customer support online or by phone. “The introduction of personal loans launches Jenius Bank toward building a full-service suite of products that re-imagines what the industry looks like today,” said Andrew Harris, EVP, Head of Product at Jenius Bank. “At Jenius Bank, our goal is to create personalization, merging the advancements of technology with a consumer-first approach. We use leading technology to provide customers with a banking experience that is built on their data and preferences. Unlike many traditional banks, our products are specifically made to best meet customer interests, jointly working with them toward their financial goals.” To learn more about Jenius Bank and its personal loans, visit www.jeniusbank.com.  About Jenius Bank Now open to customers, Jenius Bank has a mission to help people build a richer life through actionable insights and innovative tools powered by best-in-class technology. The bank currently offers personal loans, with a savings product and mobile app launching in the coming months. Jenius Bank is the digital division of Manufacturers Bank, a California state chartered commercial bank that is a wholly-owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group. The Jenius Bank team works remotely across 23 states but also maintains offices for team collaboration in Phoenix, Arizona; Los Angeles, California; New York, New York; and Charlotte, North Carolina. To learn more information about Jenius Bank and to join its waitlist for checking and savings products, visit www.jeniusbank.com.   About SMBC Group SMBC Group is a top-tier global financial group headquartered in Tokyo. With a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. SMBC Group has more than 140 offices and 86,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges. As of December 31, 2022, its total assets were $1.99 trillion. In the Americas, SMBC Group has a presence in the U.S., Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by its capital strength and the value of its relationships in Asia, SMBC Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. SMBC Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. For more information, please visit www.smbcgroup.com.  About Manufacturers Bank Founded in 1962, Manufacturers Bank is a California state-chartered commercial bank based in Los Angeles and is a wholly-owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group. Manufacturers Bank serves the specialized needs of middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies. For more information, please visit www.manufacturersbank.com.  This document may contain forward looking statements, which may include projections, forecasts, income estimates, yield or return, future performance targets, or similar analysis. Any such forward-looking statements, prices, indices, or measures are based upon certain assumptions. All forward-looking statements are based on the information available at the time the document was prepared, and Jenius Bank is not obligated to provide an update. Actual events may differ from those assumptions or available information. Any opinions, projections, price/yield information or estimates are subject to change without notice. There can be no assurance that any estimated returns or projections will be realized, that forward-looking statements will materialize, or that actual results will not be materially different from those presented herein. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The value, price or income from transactions or strategies may fall as well as rise. Press Contact: Bianca Repasi SourceCode Communications jeniusbank@sourcecodecomms.com

Preliminary rendering of collaborative working space at the Phoenix office. Image provided by Forward Tilt. In 2022, Jenius Bank opened its first office in Charlotte, North Carolina. As our team expanded, we looked for opportunities to open another office. We considered several cities, and the Phoenix area rose to the top of the list for a variety of reasons: its established infrastructure to support our business needs, access to top technology talent, and a high quality of life, to name a few. In 2021, Phoenix was named one of the top 50 cities to live in by U.S. News & World Report. Phoenix is home to many financial and tech companies, placing Jenius Bank in good company. Admittedly, Phoenix is quite warm in the summer months, but many consider the desert climate a plus and a major reason to move there. Technically the office is in Scottsdale, only 20 minutes from downtown Phoenix. If you’re familiar with Scottsdale, it’s home to several trails and parks that are perfect for hiking and camping, great restaurants, and top-notch golf courses. But rest assured, the team will be hard at work building Jenius Bank and rolling out lots of new products. If their golf games happen to improve, it’s only a coincidence! Connecting with Top Talent Our Chief Information Officer and his team will be based in Phoenix. With several products in the pipeline for 2023 and 2024, the tech team will be growing quickly, and the new office gives Jenius Bank the ability to add experts to our team. "Phoenix has been growing as one of the largest tech talent pools in the country, and we have been able to attract a large number of tech people to Jenius Bank from the Phoenix area,” says Anish Jacob, Chief Information Officer. This talent will have experience from multiple industries, including finance, technology, and data. Drawing on these different experiences, new team members can offer insights on growing and maturing our business. Nearby universities also have hundreds of students earning finance-related degrees and will allow us to recruit fresh and eager graduates. Most Phoenix employees will be part of our engineering, development, and technology teams, but employees in other back-office departments that live in Phoenix can also take advantage of the office space. For junior team members, the office gives them in-person connections with senior employees to help them grow their skills. “If I’m hiring a junior software developer, for example, with less than three years of experience, working a hybrid schedule out of the Phoenix office is a great way for them to be mentored by more senior developers and get entrenched in the company culture,” says Clayton Sierra, a Senior Recruiter for Jenius Bank. Padmaja Kodavanti, Head of Engineering, is looking forward to having the chance to work with her team in-person. “I definitely see benefits to having a dedicated office space for more collaboration across the team, better work relationships and opportunities for me to connect more with the team and spend time mentoring.” These new employees will join a team of over 200 Jenius Bank employees dedicated to creating a first-class digital banking experience. Opening in Another Financial Hub Phoenix has spent the past decade attracting companies to the area, particularly companies that have high data needs. With its low risk of natural disasters and comparatively low power costs, the city is a great location for many industries, including banks. Like Charlotte, Phoenix is a financial hub that is home to operations for approximately 50 financial institutions, including American Express, JPMorgan Chase, Wells Fargo, and Bank of America. “We wanted another central location for employees to gather,” says Eric Thompson, Jenius Bank’s Program Management Executive. “We also looked for a location that would allow for business continuity.” Being on a different power grid from our Charlotte office, Phoenix allows back-office functions to continue in case of a power outage on the East Coast. In addition to this important business continuity consideration, the office site was chosen with our employees’ convenience in mind. Anish was very involved in the site selection. “Cavasson is a very new location with new buildings, and they’re building a community around it,” he says. The location will have amenities like a medical office, restaurants, and green spaces. Place for Collaboration Most of the Jenius Bank team works remotely from around the United States, but our teams in Charlotte and Phoenix offer employees a hybrid opportunity. Flexibility is a key component of our culture, and both offices allow connection and in-person collaboration, while giving everyone there the ability to work remotely when needed. “My team plans to have a hybrid model of working,” says Padmaja. “We plan to be in the office a few days each week when key meetings and discussions take place. This will help us collaborate better with whiteboarding and brainstorming.” As the first tenant in the space, we have designed and organized it to fit our needs. Employees will have access to modern workstations, a kitchen space, covered parking, and a coffee shop downstairs. We will also have open seating areas for groups to huddle and collaborate away from desks. “Unless people want to come in on a daily basis, we will be using this office more for collaboration,” Anish says. “Instead of coming in every day, team members working together can come in on a cadence or use the space for planning and whiteboarding sessions whenever it’s appropriate.” The space includes a large boardroom with room for 20 people and two smaller conference rooms for team meetings. “The breakout area is going to be huge and become a good hub for some of our future Jenius Bank meetings,” Eric says. The building is at the juncture of two major highways, making commuting to the office via car or mass transit easy. For team members visiting from other cities, they can fly into one of the two airports near the city and stay at the hotel a few hundred feet from the office building. Want to join the Jenius Bank team? Check out our benefits and apply to one of our openings today. Our recruiting team is looking for candidates in both Charlotte and Phoenix to join our technology and engineering departments, as well as fill many other open roles.