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Atlantic Central Bankers' Bank Signs Service Agreement With LendingTools.com(November 01, 2011)
WICHITA, KS -- (Marketwire) -- 11/01/11 -- Atlantic Central Bankers' Bank (ACBB) has signed a long term agreement with LendingTools.com (LT) to exclusively utilize the Private Correspondent Gateway service to offer a comprehensive correspondent banking suite of products to their respondent banks. This robust set of transaction, security and reporting services will manage the critical functions of ACBB's daily financial interactions with its large customer base including the future addition of real-time processing of transactions.
ACBB President and CEO Jon Evans said that trust in LT's ability to deliver quality support was the biggest motivator in ACBB's decision to sign with LT. "LendingTools has proven itself in this business. They have a record of fulfilling their promises and providing rock solid services," said Mr. Evans. "LendingTools understands our critical needs and makes them happen every day without interruption." LT's software as a service (SaaS) platform will power a complete line of correspondent services for ACBB including cash vault, wires, ACH, reporting and cash letter delivery.
"We focus on making our services work in a way that lets our customers focus on their business, not technology," said Eric Goering, CEO of LT. "Correspondent banking transactions are mission critical. LT provides the products, robust delivery platforms and most importantly the depth of skilled people necessary to provide a quality service." LT builds, delivers and supports its solutions entirely in-house and focuses only on correspondent banking. Mr. Goering emphasized his view on LT's service operation: "We learned that you cannot accumulate bits and pieces of technology together and have things work reliably. We build our own solutions. We understand them. We stand behind them. There is absolute accountability in the service offered by LT." Mr. Goering concluded, "ACBB is a leader in the Bankers' Bank segment and we are proud to have ACBB as a key customer. We look forward to the opportunity to meet their needs now and into the future."
Headquartered in Wichita, KS, LT is the largest third-party provider of inter-bank transaction, reporting and settlement systems outside the Federal Reserve. LT demonstrates strength, vision and reliability in serving correspondent financial institutions and their respective user bases. A privately-held corporation, LT was founded by and is operated by bankers. Please visit www.LendingTools.com for more information.
Chartered in 1983, Atlantic Central Bankers' Bank (ACBB) serves over 300 banks in the mid-Atlantic region of the US, as a full-service correspondent institution. Headquartered in Camp Hill, Pennsylvania, ACBB focuses entirely on correspondent banking without competing with community banks. For more information please visit www.atlanticcentral.com.
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