Pendleton Community Bank signs Teslar Software for automation
West Virginia-based Pendleton Community Bank has selected Teslar Software to improve efficiency and incorporate automation into its internal operations, focusing on the commercial lending process.
Pendleton Community Bank, which completed a recent merger with Bank of Mount Hope, needed to support a 30% growth in asset size.
“We first watched a Teslar demo at an industry event, and we were immediately impressed with the platform’s sophisticated capabilities and ability to solve for common pain points,” says Bill Loving, CEO of Pendleton Community Bank.
“By partnering with Teslar, we will be able to automate document tracking, exceptions and many other previously time consuming and inefficient aspects of the commercial lending process.”
According to Teslar, the bank’s time on “tedious manual tasks” will now be minimised, and employee resources will be free to focus on more strategic initiatives.
Joe Ehrhardt, CEO and founder of Teslar, adds: “Savvy community institutions, like Pendleton Community Bank, are realizing that they must employ technology to enhance efficiencies if they want to scale and compete with the large national institutions.”