A Minnesota-based bank chooses a loan automation platform to improve customer and employee experiences

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SPRINGDALE, Ark.–(BUSINESS WIRE)–New Market Bank and Teslar software today announced their partnership to streamline the bank’s commercial and consumer credit processes. The bank will use Teslar’s configurable automation platform for lending processes, starting with exception management.

“Throughout the pandemic, Teslar Software has demonstrated that they stand by community banks on ups and downs, which sets them apart from other providers,” said Terra Henry, vice president of loan operations. “Although we are a smaller, family-owned institute, we are committed to investing in the technology we need to keep up with changing expectations. With the Teslar platform, our team can complete tasks faster and easier, and free up time to focus on deepening relationships with our loyal customers, many of whom we have served for generations.”

Teslar’s toolset will automate and standardize loan processes to speed up loan origination and management, making it more efficient for lenders while providing a best-in-class experience for customers. With improved visibility and communication between departments, New Market Bank can grow seamlessly without adding resources.

“New Market Bank understands that there doesn’t have to be a choice between exceptional, local service and the use of modern technology,” said Joe Ehrhardt, CEO and founder of Teslar Software. “With Teslar, the bank will be able to spend less time collecting documents and more time doing what it does best: building meaningful relationships with its customers. We look forward to supporting New Market Bank as it continues to grow.”

About Teslar software

Founded in 2008, Teslar Software is a configurable lending process automation platform for municipal financial institutions. Teslar transforms commercial lending by providing easy access to centralized, relevant information to balance portfolios, optimize profits, and help community bankers serve their customers effectively. Teslar Software was named Best Lending Solution by the 2021 FinXTech Awards and continues to earn its reputation as a leading technology provider for municipal institutions. please visit www.teslarsoftware.com to learn more.

About the New Market Bank

The New Market Bank was founded in 1905 as the First State Bank of New Market. The bank is a family owned and operated community bank, founded in 1913 with Arnold Vogel and now run by 4th Generation President Anita Vogel-Drentlaw. Their vision is to be the community bank that creates a family atmosphere where all interactions feel as simple and genuine as a handshake. To learn more, please visit https://newmarket.bank/.

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