Gain New Deposits at a Fraction of the Cost
Celent recently recognized Midwest BankCentre (St. Louis, MO), a 113-year-old, family-owned community bank, with their prestigious Model Bank 2020 Award for Community Banking Transformation. Midwest BankCentre earned the honor for successfully launching Rising Bank, their separately branded digital institution.
With support from their SilverLake System® core processing solution from Jack Henry Banking® and the Banno Digital Platform™, Midwest BankCentre launched Rising Bank in only six months. In its first year, Rising gathered over $130 million in new deposits at a fraction of the cost of traditional branch banking. The bank is also on track to produce the deposits equivalent of 10 physical branches.
Celent has also profiled the Midwest BankCentre and Rising Bank story in a new case study, which is available for download. Simply complete the form to learn more today.