Commercial customers are typically a bank’s largest revenue stream. Meeting their needs and providing top-notch experiences for them is a high priority, but most financial technology is not built or suited for commercial customers or complex relationships.
New Market Bank is a family-owned community bank that has been serving the South Metro area of Minnesota for over a century. Founded in 1905, the bank has grown to become a $193.4 million institution, with branches in Elko New Market, Lakeville, and Prior Lake. The bank has a rich history of family ownership, with Anita Drentlaw currently serving as CEO, President, and CFO, and representing the fourth generation of her family to lead the bank.
Banks are not just competing with other banks anymore. It is hard to even know who our competitors are when the landscape is rapidly changing, and customer expectations are being based on experiences from other industries – Amazon, Spotify, Walmart, and Chick-fil-A to name a few.
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Our team had a great experience at IBAT’s 49th Annual Convention in Frisco, TX! This September, industry leaders and partners came together to discuss the latest banking trends and technologies and share insights on navigating the current financial landscape. The convention was packed with informative sessions, fun activities, and networking opportunities.
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Please join us in welcoming Gerald Webber to the Sales & Marketing team as the newest Sr. Account Executive!
With tightening margins, inflation, and high interest rates, community bankers face not only a challenging lending environment, but also a battle to sustain deposits. Customers are more knowledgeable than ever and are prepared to shop across multiple channels to find the right fit for their deposit needs. So how can community financial institutions look to compete with larger banks and credit unions to attract those customers?
Please join us in welcoming Ryan Esquell to the Sales & Marketing team as the newest Sr. Account Executive!
The Teslar team had the pleasure of attending the 2023 BankIn Minnesota Annual Convention in Eagan, MN earlier this month! Conference attendees David Hamrick and Bethany Wood sat down to discuss their favorite parts of the event.
We’re excited to be recognized as a finalist for the 2023 Finovate Awards in the Best Use of Robotic Process Automation category!
Extraco Banks and Teslar Software today announced their partnership to streamline the bank’s commercial lending process and more effectively balance their portfolio.