News & Events
Press Release
The Farmers & Merchants State Bank of Argonia Chooses ComplianceOne®
Wolters Kluwer Financial Services Solution Helps Bank Process Loans and Deposits Quickly, Accurately and in Compliance with all Regulations
MINNEAPOLIS – Aug. 19, 2010 – The Farmers & Merchants State Bank of Argonia, Kansas, announced today it has selected Wolters Kluwer Financial Services’ ComplianceOne® solution. The bank is using the system to help it process lending and deposit transactions quickly, accurately and in compliance with all federal and state regulations.
Robin Luckner, branch manager of Lending for Farmers & Merchants, says ComplianceOne allows the bank to rapidly create a complete lending or deposit document package from a compliance, workflow and data perspective. According to Luckner, the ability for the bank to do so is especially useful within its agricultural lending business.
“We provide a number of loans to many of the same farmers season after season,” said Luckner. “ComplianceOne offers us enterprise-wide access to their information once it is entered into the platform. That helps us to eliminate redundant data entry, reduce input errors and decrease processing time.”
Luckner adds that the bank values ComplianceOne’s auto-selection feature, which helps it automatically select and complete the documents it needs to be in compliance for all lending and deposit transactions. And, she says, seamlessly pulling credit reports and flood determinations within ComplianceOne for loan applications saves the bank considerable time and effort.
“On top of everything else, ComplianceOne is easy-to-learn and-use,” said Luckner. “And the service and support offered by Wolters Kluwer Financial Services has been terrific. We know that any compliance or technology question we have will be answered quickly and often on the first phone call.”
ComplianceOne is a single, integrated documentation solution that makes managing compliance with loan and deposit account transactions faster and easier. The solution is built upon the trusted compliance knowledge and experience behind Wolters Kluwer Financial Services’ Banker Systems brand.
ComplianceOne connects the major areas of a financial institution’s business, including deposit, lending, Individual Retirement Accounts (IRAs) and administration, to its core processor through one, easy-to-manage user interface. And the solution offers institutions integrated access to many of Wolters Kluwer Financial Services’ Wiz compliance analytics tools.
For more information on ComplianceOne, please visit the solution’s website.
About The Farmers & Merchants State Bank of Argonia
The Farmers & Merchants State Bank of Argonia, Kansas, is a full-service, family-owned bank and has been since it was established more than a hundred years ago in 1901. The bank also has a branch in Wichita, Kansas, with a large agricultural loan base spanning both communities.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2008) €3.4 billion ($4.9 billion) and approximately 20,000 employees worldwide. Please visit our website for more information.
