EastHampton Savings Bank Chooses VSG
Orlando, FL., March 31, 2015 – Easthampton Savings Bank in Easthampton, MA has selected Vanguard Software Group’s LoanVantage to fully automate and enhance its Commercial Loan processing. Tightly integrated with COCC’s INSIGHT core processing system, the selection of LoanVantage will allow Easthampton Savings Bank, with consolidated assets of nearly $1.4B following their acquisition of The Citizens National Bank in Putnam, CT, to take advantage of the combination of two industry leading solutions. LoanVantage and INSIGHT will enable Easthampton Savings Bank to standardize its Commercial Loan Processes including analysis, underwriting and review, better manage its growing Commercial Loan portfolio and open new market opportunities.
“We are pleased to partner with Vanguard Software Group – a preferred COCC partner. With its seamless integration to INSIGHT and its robust Commercial Lending automation, we expect to improve the processes we have in place today. We will also utilize LoanVantage to deliver new products and services in the future,” said Matthew S. Sosik, President and CEO of Easthampton Savings Bank. “We look forward to a creative and productive partnership with Vanguard Software Group.”
The bank said that its implementation of LoanVantage will yield greater consistencies and efficiencies as well as opportunities to expand Commercial Loan products and markets. LoanVantage, which is fully integrated to INSIGHT, will automate manual processes required to support the bank’s growing portfolio of Commercial Loans. Bank staff will also have more information at their fingertips to make consistent decisions and greater automation to support complex business lending activities which have become increasingly important to Easthampton Savings Bank’s customer base and to their future growth.
Vanguard Software Group has made its mark on the bank technology market in recent years by forming partnerships with a growing number of financial institutions across the country and especially in New England and the Tri-State Area. As innovators in Commercial Loan automation, Vanguard Software Group is a key partner of COCC to deliver a seamless solution to COCC’s Banks and Credit Unions. Commercial Lending is an important strategic initiative for these clients and LoanVantage’s ability to deliver Commercial Loan Lifecycle Management enables them to improve their current processes and expand their market share.
“We are extremely pleased that Easthampton Savings Bank, an important COCC INSIGHT client has chosen LoanVantage to fully automate their Commercial Lending Analytics, Underwriting, Review and Management. We know that Easthampton Savings Bank will actively participate in the vital dialogue that enables us to continue to improve our industry leading solution,” said Mark Hill, President and CEO of Vanguard Software Group. “Enabling our clients to deliver on their key Commercial Lending initiatives is our top priority. We look forward to growing with Easthampton Savings Bank in the years ahead.”
About Easthampton Savings Bank
Easthampton Savings Bank, established in 1869, is a mutual bank with 10 offices throughout the Pioneer Valley. As a mutual bank we can remain true to our roots, our customers, and the communities we serve – not to stockholders. Easthampton Savings Bank has a full suite of products for commercial and business clients, offering a full complement of deposit, cash management, and lending products. As one of the area’s top commercial lenders, our team works hard for our business customers to help move their company to the next level.
About Vanguard Software Group
Vanguard Software Group is dedicated to building industry leading software for the commercial lending industry. Since 2006, Vanguard Software Group has developed robust solutions for commercial lending working directly with our client partners and focused on differentiating each and every one of them from their competition. Vanguard Software Group’s passion is collaborating with client partners to develop systems that significantly improve the efficiencies, output, analytics and accuracy in all areas of commercial lending. For more information, please contact John Bagdon at firstname.lastname@example.org or at 407.475.0005 x1013.