Pinnacle Bank picks Teslar Software to power commercial lending
Nebraska-based Pinnacle Bank has selected Teslar Software to handle its commercial lending portfolio.
Teslar says the bank can support its local business customers by making its lending process “more user friendly and transparent”.
Pinnacle Bank has also selected Teslar’s Paycheck Protection Program (PPP) forgiveness platform.
“Partnering with Teslar Software provides us with the quality of service and efficiency gains we need to help the community and scale with ease,” says Brian Morrow, vice president and chief risk officer at Pinnacle Bank.
“Since Teslar is core agnostic, it’s a comfort to know that if we acquire other banks in the future”. Morrow adds that the integration was “easy”.
Founded in 1938, Pinnacle Bancorp is a $14.5 billion financial holding company with 151 locations in seven US states.
“It’s vitally important to have clear and articulate customer data for commercial business relationships today,” says Joe Ehrhardt, CEO and founder of Teslar.
“Teslar positions Pinnacle Bank to improve their portfolio management and reporting so that they can help businesses in their community stabilise and regain their growth trajectory.”
Teslar has signed up two other US institutions in 2020. In May, Citizens Bank picked the vendor for its portfolio management.
A month prior to that, Liberty National Bank signed Teslar for its commercial lending operations.