Treasury Prime signs Bangor Savings Bank

By partnering with Treasury Prime, Bangor Financial savings Financial institution will be capable to work with companies to permit them to embed monetary companies into their platforms. For the Financial institution, this interprets into expanded income alternatives and low-cost deposits. The addition of Bangor Financial savings Financial institution brings the entire banks within the Treasury Prime financial institution community to 14, a key differentiator within the crowded BaaS market.

“Bangor Financial savings Financial institution’s long-held tradition of innovation and deep technical expertise makes them an excellent associate. By including Bangor Financial savings to our one-of-a-kind community of banks, we’ll be capable to assist them rapidly and cost-effectively help monetary service companions” mentioned Chris Dean, co-founder and CEO of Treasury Prime. “For enterprises, this partnership means even higher flexibility as they give the impression of being to innovate and scale.”

Bangor Financial savings Financial institution is among the first banks on the Jack Henry core to leverage Treasury Prime’s BaaS choices. Information of this partnership comes simply days after Treasury Prime introduced comparable relationships with one other Jack Henry core financial institution, FB Monetary Corp (FirstBank) and Third Coast Financial institution.

“We’re thrilled to be a part of the fintech motion and help the innovation and worth they supply, whereas enjoying a significant half to make sure their success,” mentioned Jamey Doughty, Chief Innovation Officer of Bangor Financial savings Financial institution. “By means of this relationship the Financial institution can additional help the nice work of those monetary companions by offering them with banking companies to have a good broader neighborhood influence via their efforts.”