[November 02, 2009]

Banterra Bank Launches Specialty Finance Division with Help from Cypress Software's BizMark System

NORTH RICHLAND HILLS, Texas --(Business Wire)-- Banterra Bank of Eldorado, Ill. has selected Cypress Software Systems LP's BizMark small business loan software to help support the bank's recently launched specialty finance division for machine tools.

The 27-branch institution will use BizMark to create a centralized system for automating the credit application and underwriting processes for all loan requests received through the new finance division.

John VanDaele, manager of the Machine Tool Division at Banterra, says they needed a loan origination platform that could help them rapidly develop a small-ticket transaction environment and speed up the turnaround time for loan decisions.

"We were looking for a technology solution that would make our new specialty finance division efficient, productive and cost-effective from the start. Cypress' BizMark software was our platform of choice," said VanDaele. "Our bank has used Cypress' Mark IV consumer lending product for several years, and during our testing, we found BizMark to be an equally user-friendly and intuitive solution. In addition to the cost-savings, BizMark will also help us enhance our compliance and credit risk management efforts through greater underwriting consistency." Banterra Bank has locations throughout Southern Illinois, Western Kentucky, Southwestern Indiana and Southeastern Missouri. The bank was chartered in 1975 with a goal to serve its customers by providing convenient locations with "local style." "With our BizMark and Mark IV offerings, we can help banks of all shapes and sizes quickly deploy an automated lending system that will improve overall efficiency, while easily maintaining federal compliance," said Steven E. Croft, senior vice president at Cypress Software Systems. "As the industry rebounds, the government and the public will demand that financial institutions enact better lending practices, and Cypress will provide the expertise and the tools that those institutions need to meet and exceed that demand." Cypress' BizMark software automates the small business loan application and decisioning process. With BizMark, lenders can efficiently handle a variety of small business loan products, including commercial credit requests for lines of credit, term loans, corporate leases and corporate credit cards. The software gathers principal and financial statement data; retrieves and interprets consumer and business credit reports; performs ratio analysis; and scores the results.

About Cypress Software Systems Headquartered in North Richland Hills, Texas, USA, Cypress Software Systems LP is a leading developer of automated credit application decision support technology. Cypress provides community and regional banks, finance companies and credit unions with loan application decision and tracking tools equivalent to those used by the largest national lending institutions. Clients, nationwide and in 16 countries, use the company's flagship products, Mark IV and BizMark, to quickly and consistently process consumer and small commercial loan applications. Cypress Mark IV offers a flexible, risk-based processing approach that includes tracking consumer loan applications from point of entry to point of decision. Cypress' BizMark loan automation software processes commercial loan requests within a customer relationship management environment. Both products may be licensed in the bundled Cypress Suite and are offered in either an application service provider (ASP) or traditional business model. The company's product line also includes AppMark, an ASP-only consumer lending solution for community banks with assets of $250 million or less. Web site: www.go-cypress.com.

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