Streamlining Operations and Embracing Innovation: New Market Bank's Success with Teslar Software

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.

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Teslar Software Accelerates Growth in 2022, Helping Community Institutions Digitize Lending

Teslar Software, provider of portfolio management tools that aggregate and automate lending and deposit operations for community financial institutions, today shared highlights from 2022, including innovative product launches, notable client wins and strong industry recognition.

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Teslar Software Hosts Annual User Conference

We recently hosted our annual user conference, bringing together community bankers across the country to network and attend interactive sessions around their lending strategies.

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Teslar Software Launches Community Connect Solution

Teslar Software today announced the launch of its indirect lending solution, which empowers community financial institutions to offer indirect lending services to local business and consumers in a way that’s quick, efficient and digitally optimized. Joe Ehrhardt, CEO and founder of Teslar Software, demoed the solution Monday at FinovateFall in New York.

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Introducing Teslar’s New Logo

We are excited to officially announce our new logo to the world!

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Teslar Software Experiences Substantial Growth in 2021, Will Digitize Lending for Banks in 2022

SPRINGDALE, Ark-- Teslar Software, provider of portfolio management tools that aggregate and automate lending and deposit operations for community financial institutions, wrapped up a strong year full of significant growth, many company milestones, industry recognition and continued support of small businesses and communities across the country.

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Teslar Software Powers More Than 20% of 2021 PPP Loans, Launches New Solution to Digitize Commercial and SBA Lending

Springdale, Ark., July 7, 2021– Teslar Software, provider of portfolio management tools that aggregate and automate lending and deposit operations for community financial institutions, announced today that their technology powered over 20% of Paycheck Protection Program loans issued in 2021. The 1.3 million loans powered by Teslar this year represent $22 billion of funding for small businesses across the country. The fintech received SBA approval of 80 loans per minute during peak times.   

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Embracing the Mission of Community Banking

Meet Kevin Tweddle! Kevin is the Senior Vice President of Community Bank Solutions for the Independent Community Bankers of America (ICBA). Kevin has many responsibilities in his role, one of them being innovation, which is how he first got involved with Teslar Software.

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Maintaining Trust and Building Better Banks

Meet Camille Phillips! Camille is a banking industry veteran who has worked in both small and large financial institutions, regulators, and private consulting. She currently works as the SVP/Risk Officer at Today’s Bank and serves as a member of Teslar Software’s Board of Directors.

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Filling In the Gaps and Stepping In Between

Meet Dr. Jeff Standridge! Jeff is a managing partner for Cadron Capital Partners and Cadron Creek Capital and Managing Director of The Conductor, an entrepreneurial support organization. As someone who works closely with entrepreneurs and aspiring entrepreneurs, Jeff became acquainted with Joe Ehrhardt, CEO and founder of Teslar Software, as a mentor and investor in the company’s first fundraise.

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