Montana-based Freedom Bank has integrated Vine Financial’s commercial lending technology to improve its service to local businesses.
Vine, which helps in accelerating lending at banks and credit unions, offers tools that automate processes, allowing Freedom Bank to better meet financial needs within the community.
The partnership focuses on deepening customer relationships by enhancing the efficiency of the bank’s commercial lending operations.
Freedom Bank president and chairman Don Bennett said: “We had been looking for a better way to spread financial statements and manage our commercial loans. Vine’s technology stood out to us because it was flexible, innovative and easy to use. It was the clear choice for a bank our size.
“Implementation was smooth, and the team has listened to all our feedback along the way. They have been a great partner for us.”
Through Vine’s platform, Freedom Bank can automate tasks such as financial spreading, customer loan workflows, and document generation. This automation enables bank staff to concentrate more on building and maintaining customer relationships.
Vine’s technology facilitates increased efficiency in decision-making for commercial lenders by automating tasks typically associated with lending processes.
The platform can interpret borrower documents and spread financials, assessing information in line with the bank’s credit policies. This allows bankers to make quicker lending decisions without sacrificing precision.
By leveraging Vine’s capabilities, Freedom Bank aims to streamline its operations from document reading to generation, helping lenders operate more effectively with comprehensive tools provided by a single platform.
Vine CEO and co-founder David Eads said: “Community banks are a critical part of local economies, and Freedom Bank is a great example of that.
“They truly value their commercial customers and actively seek ways to serve them better. We are honored to be the technology behind what Freedom Bank is doing in their community and look forward to helping their business grow.”
