Professional Credit Announces David White as President and CEO

VANCOUVER, WA, November 14, 2022—Ray Klein, Inc. dba Professional Credit, a leading national provider of recovery and outsource solutions, today announced that David White has been named as President and Chief Executive Officer. Ginger Patmore, who has been acting President as well as Chief Financial Officer for the last twelve months will continue as the company’s Chief Financial Officer. David’s employment with Professional Credit will commence on November 14, 2022.

David has more than 17 years of senior management experience, including over a decade of strategic operations and plan execution at large financial institutions specializing in recovery and back-office outsourcing for large enterprise companies. Most recently, David served as Chief Executive Officer for Strategic Resource Alternatives, a key asset of Arena Investors, LP, a New York-based global investment firm. Prior to that, David served as Senior Vice President at Performant Financial Corporation, a publicly traded BPO/outsourcing company specializing in the recovery and outsourcing services within the healthcare, government, and student loan verticals.

“David is the right leader for Professional Credit,” said Steve Soderling, Professional Credit’s Chairman of the Board. “David’s extensive background and business development skills should help Professional Credit strengthen channel partnerships, develop strategic alliances, and expand our national sales presence. We believe his strong leadership experience will help focus Professional Credit’s growth and client initiatives as we continue to bring the best technology and services in credit, collections, and account receivable solutions to our clients.”

“I am very excited to be joining the Professional Credit team,” said David. “I believe Professional Credit has a great business model, a talented management team, and professional staff that uniquely positions it to capitalize on the changing collection and outsource environment. As the industry evolves through restructuring, consolidation, and technology migrations, I believe that Professional Credit is perfectly positioned to continue to provide a cost-effective suite of services and solutions that complement our customer’s core business.”

David received a Bachelor of Science in Business Management with a Dual Focus in Finance & Management Information Systems from Truman State University.

About Professional Credit

Professional’s collection service line, Professional Credit Service, has been helping consumers get out of debt and take back control of their finances since 1933. In the early 80’s Professional Credit’s Early Out Service, Ensource, began offering a variety of revenue cycle and business service solutions that support the needs of clients with a fully customizable service model. Using the latest in communication technologies, Professional Credit Service and Ensource deliver patient and consumer-centric services as an extension of their client’s teams. Whether there are balances owed for medical bills, utilities, court fines and fees, auto loans, or other services, Professional Credit’s services restore financial integrity to individuals facing these challenges as well as to those healthcare organizations, government entities, or financial institutions nationwide which need to continue serving their communities.

Founded in 1933, Professional Credit has developed an impressive base of over 1,000 customers nationwide, including industry leaders from each segment of the healthcare, government, and financial institutions markets. Visit Professional Credit on the web at www.professionalcredit.com.

About Tonka Bay Equity Partners

Based in Minnetonka, Minnesota, Tonka Bay Equity Partners is a private equity firm that acquires and invests in growth-oriented businesses in the highly-engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2031 or visit tonkabayequity.com.


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