BOSTON, Oct. 8, 2019 /PRNewswire-PRWeb/ -- Montecito Bank & Trust, the oldest and largest locally owned community bank on the Central Coast of California, has selected Numerated's real-time sales platform to accelerate growth in business banking.
Founded in 1975, Montecito Bank & Trust has grown to 14 branches across Santa Barbara and Ventura counties, achieving double-digit growth in the most recent year to more than $1.5 billion in assets. With consistent national recognition as a top bank and best place to work, Montecito Bank & Trust will leverage Numerated to further its leadership of technology enhancements that improve the lending experience for both bankers and business customers.
"This partnership with Numerated further solidifies Montecito Bank & Trust as the best bank for businesses on the Central Coast of California," said Janet Garufis, Chairman and CEO of Montecito Bank & Trust. "Other banks leveraging their platform have seen impressive growth and we are excited about the opportunity to provide our bankers with state-of-the-art business development tools and our customers with a borrowing experience that takes minutes instead of weeks."
Using Numerated, Montecito Bank & Trust will continuously identify and pre-qualify businesses in their footprint for the bank's marquee credit products and transform how their bankers forge relationships with modern sales and marketing tools. Numerated will also power real-time borrowing experiences for the bank, including loans, lines of credit, and credit cards.
"There are times in the lifecycle of any business where they are going to need immediate access to credit," said George Leis, President and COO of Montecito Bank & Trust. "As a community bank, we have traditionally been the trusted partner that can fulfill those credit needs quickly because of our local decision makers and flexibility to offer customized lending solutions. Using Numerated's technology, our business clients will be able to secure capital from our bank even quicker, all while benefiting from competitive rates and our bankers' world class service."
Montecito Bank & Trust has earned 18 "Best Bank" awards in the last seven years, including being ranked second on American Banker's prestigious list of 2018 Best Banks to Work for in the United States.
"Montecito Bank & Trust has an impressive leadership team, digital strategy and vision—as indicated by their recent growth and national recognition," said Dan O'Malley, founder and CEO of Numerated. "We look forward to playing a role in furthering their accolades and growth by helping them create a competitive advantage in business banking on the Central Coast of California."
George Leis and Dan O'Malley are speaking together at the American Bankers Association's Annual Convention on Tuesday, October 29, 2019 on "Technology's Role in Growing the Community Bank of the Future."
To learn how Numerated is helping banks grow relationships, visit http://www.numerated.com.
SOURCE Numerated
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