As a community bank, your number one priority is satisfying your local customers’ needs. But you might not always have the resources to establish new branch locations, or to offer all the products and services your customers need, making it more difficult to compete with larger financial institutions.
Fortunately, a correspondent banking partner like ICBB can help fill this gap and provide community banks with access to a wide range of banking solutions to help them prosper and remain competitive. Here are a few ways ICBB can help community banks better serve their communities.
Payment & Settlement Services
With the help of ICBB’s BBCONNECT communications system, community banks can access international online Wire Transfers, Domestic Wire Transfers, and ACHs to attract more high-value clients. In addition, the ICBB customer service team provides the support community banks need to enhance their service offerings to consumers and business customers alike.
Commercial Lending Solutions
ICBB’s experienced lending team is here to assist you with all aspects of your commercial lending needs so that your institution can be a viable lending option for your customers.
Through our partnership with Velocity Solutions’ CashPlease®, ICBB enables you to provide your customers with easily accessible cash at affordable interest rates, while staying compliant with relevant regulations. CashPlease® is a turnkey, digital solution that automatically manages the application, processing, underwriting, and funding of each consumer loan.
In addition, we can help you serve farm customers. Bankers’ Agricultural Finance Service, a division of ICBB, offers community banks a financing option that provides their agricultural property owners the best possible loan options.
Small Business Banking Solutions
ICBB, in partnership with Autobooks, offers a cost-effective platform to enhance your Small Business Banking Solutions to help retain and attract new Small Business clients.
Today’s Small Business owners often source online software solutions from non-bank providers who routinely offer deposit, credit and lending products that compete with Community Banks.
By leveraging the Autobooks all-in-one product suite solution, your financial institution can now compete with non-bank providers and provide your small business customers with the online tools they need to operate efficiently, including the ability to accept online payments in minutes.
ICBB: At the Heart of Community Banking
ICBB, chartered in 1988 as a bankers’ bank, is the only locally owned correspondent bank in the region and has recently expanded its service footprint to serve community banks in Ohio, Illinois, and Indiana with reliable, cutting-edge technology and solutions that will empower them to stay ahead of the competition.
If you’re looking to establish a correspondent banking partnership in Kentucky, Indiana, Illinois, West Virginia, Ohio, or Tennessee, please contact us or email solutions@icbb.bank.