WILMINGTON, N.C.--(BUSINESS WIRE)--nCino, Inc., the leader in secure, cloud-based bank operating solutions to the financial services industry, announced that Farmers State Bank has selected its Bank Operating System to increase loan growth and efficiency in its expanding commercial lending department. With more than $325 million in assets, Farmers State Bank provides a full range of banking services to businesses of all sizes in Western Montana.
Kay Clevidence, president and CEO of Farmers State Bank, said, “The timing of this new partnership dovetails perfectly with our increased focus on establishing new commercial relationships throughout our market area. We expect great things as we improve our efficiencies and focus on loan growth. We researched numerous companies and products and are confident we have found the right tool and partner for us.”
After implementation of the Bank Operating System, nCino customers experience, on average, a 19 percent increase in loan volume and a 34 percent decrease in loan closing time. Farmers State Bank is well positioned to assist companies serving the area’s agricultural and manufacturing industries, and already offers a diverse portfolio of commercial products including both startup and working capital as well as SBA loans. Partnering with nCino will enable the bank to not only be more efficient and cost effective in the management of its loan pipeline, but also provide various stakeholders across the institution with a comprehensive view into each customer. nCino’s Bank Operating System completely changes how Farmers State Bank can access current data and meaningfully act on it to have each relationship reach full potential.
nCino CEO Pierre Naudé said, “Automating the lending process with nCino’s built-in workflow rules and approvals takes the guess work out of approving a loan and knowing which stage it is in, leading to a more productive and streamlined lending environment. The CRM functionality of our Bank Operating System will be invaluable to Farmers State Bank in its cross sells and new customer acquisition.”
nCino provides financial institutions with a cloud-based bank operating system that affords a deeper level of transparency and clarity to retail, consumer and commercial loan production. Core independent, nCino’s technology consolidates traditionally disparate banking systems into one single platform to minimize manual intervention to data and optimize decision making.
About nCino
Wilmington, N.C.-based nCino, Inc. is the leader in cloud-based bank operating solutions to the financial services industry. Through its flagship Bank Operating System solution, nCino leverages the power of the Salesforce Platform to provide small- to mid-sized financial institutions with superior transparency and clarity into their existing loan production pipelines, portfolios and operating efficiencies across all business lines, resulting in increased profitability, productivity gains and regulatory compliance. For more information, visit www.ncino.com.
The NCINO mark is a federally registered trademark of nCino, Inc. All rights reserved.
