As CEO and president, Flake is responsible for Q2ebanking's daily operations and overall strategic direction. He will continue to report to Hank Seale, Q2's founder, and chairman and CEO of Q2's parent holding company, CBG Holdings, Inc. Seale also continues to serve as chairman of Q2ebanking.

"Matt has always been an integral part of Q2; his leadership, expertise and focus on customer success will continue to be a great asset to the company as we proactively manage our growth and work to exceed client expectations through continued innovation," said Seale. "Q2 is emerging as a strong industry leader in electronic banking, with Matt leading the charge as president. I have full confidence that he will continue to drive further success while upholding Q2's commitment to service and client satisfaction in his expanded role as CEO and president."

Flake has more than 20 years of financial industry experience. Prior to his role as Q2's president, he was a senior vice president for Q2, responsible for sales, marketing and business development.

Flake commented, "Q2 has a strong, growing team that is enthusiastic about helping community-focused financial institutions deliver the most innovative, convenient and secure e-banking services. As we enter 2012, and continue to grow our business, I look forward to working with our clients, enhancing our product offerings, developing our team, adding new talent and also continuing to work alongside Hank, who has been and continues to be a visionary for Q2."