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Studio Bank Selects Baker Hill’s Statement Spreading Solution as Building Block for Future Growth

October 16, 2018

CARMEL, Ind.--(BUSINESS WIRE)--Oct 16, 2018--Baker Hill, a leading provider of technology solutions for common loan origination, risk and relationship management, CECL compliance and smart data analytics, announced that Studio Bank has selected Baker Hill NextGen ® for statement spreading. Baker Hill’s solutions will serve as part of the de novo bank’s technology platform as it enters the Nashville, Tenn. market as the city’s first new bank since the 2008 Financial Crisis.

Studio Bank was founded as a boutique bank to provide organizations, families, and individuals in the community with sophisticated financial services through a multi-channel delivery model that allows clients to conveniently bank anywhere, anytime. Studio Bank’s veteran banking team offers industry-specific expertise to clients in commercial banking, music and entertainment, healthcare, not-for-profit, commercial real estate, private client, mortgage banking and small business, in addition to serving the broad and diverse community across Nashville.

With Baker Hill NextGen ® Statement Spreading, financial institutions make credit decisions with confidence using this component of the Baker Hill platform, and establish a consistent process for understanding and managing clients’ credit risk through sound financial analysis. The Baker Hill NextGen ® statement spreading analysis software offers a wide range of formats and features to accommodate financial institutions’ needs for commercial lending while providing a reliable source of accurate comparative data. To complement its purchase of Baker Hill’s statement spreading analysis software, Studio Bank is also considering additional technologies within the Baker Hill NextGen ® product suite, which could allow for the ultimate end-to-end loan origination, risk management and analytics solution.

“Studio Bank is focused on creating streamlined processes that create efficiencies for our team and ultimately for our clients,” said Richard Bynum, chief credit officer of Studio Bank. “We are very pleased with the innovative products from Baker Hill and look forward to leveraging their technology to position the bank for long term success.”

“Through Baker Hill’s solutions, our company constantly strives to improve the quality and consistency of financial analysis available to financial institutions within the industry,” said John M. Deignan, President and CEO of Baker Hill. “Baker Hill NextGen ® Statement Spreading will provide Studio Bank with a foundation for driving efficiencies in its lending process while positioning the bank as the community’s financial institution that could become a force for creativity, rather than an obstacle to it.”

About Studio Bank

Studio Bank is a boutique bank founded and located in Nashville, Tennessee. Studio Bank provides organizations, families, and individuals with sophisticated financial services through a multi-channel delivery model allowing clients to bank anywhere, anytime. Studio Bank’s veteran banking team offers industry-specific expertise to clients in the fields of commercial banking, music and entertainment, healthcare, not-for-profit, commercial real estate, private client, mortgage banking, and small business, in addition to serving the broad and diverse Nashville community. For more information, visit StudioBank.com.

About Baker Hill

Baker Hill empowers financial institutions to work smarter, reduce risk, and drive more profitable relationships. The company delivers a single unified platform with modern solutions to solve CECL calculations and streamline loan origination and portfolio risk management for commercial, small business, and consumer lending. The Baker Hill NextGen ® platform also delivers sophisticated analytics and marketing solutions that support sound business decisions to mitigate risk, generate growth, and maximize profitability. Baker Hill is the expert solution for loan origination, portfolio risk and relationship management, CECL compliance, and analytics for financial institutions in the United States. For more information, visit www.bakerhill.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181016005035/en/

CONTACT: for Baker Hill

Mallory Griffin, 678-781-7225

Mallory@williammills.com

KEYWORD: UNITED STATES NORTH AMERICA INDIANA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING CONSULTING FINANCE OTHER PROFESSIONAL SERVICES

SOURCE: Baker Hill

Copyright Business Wire 2018.

PUB: 10/16/2018 07:01 AM/DISC: 10/16/2018 07:01 AM

http://www.businesswire.com/news/home/20181016005035/en

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