Anaheim, CA (Oct. 1, 2020) – The California Community Banking Network has endorsed Abrigo as a Preferred Service Provider (PSP), giving members access to critical services and solutions for community banks.
“Abrigo has been instrumental in providing community banks with solutions and resources that help them remain compliant and effective,” said Gene Micco, Chairman of the California Community Banking Network (CCBN) and President and CEO of Tustin Community Bank. “We need partners now more than ever who can provide time-sensitive, valuable tools that are useful for our industry.”
Abrigo’s suite of products and services helps community banks navigate the ever-changing landscape of compliance, credit risk, lending, and asset/liability management while leveraging data to strengthen their portfolios. Over 2,500 community financial institutions rely on Abrigo’s software to help mitigate risk and drive growth.
CCBN first endorsed Abrigo’s Paycheck Protection Program (PPP) Forgiveness and Automation solution in May 2020. The PPP lending and forgiveness processes have been fluid and difficult to navigate, making a partner like Abrigo especially important to keeping banks compliant and servicing loans at scale. The PPP Forgiveness and Automation solution is part of Abrigo’s end-to-end loan origination platform, which automates lending and credit processes to reduce bottlenecks and allow staff to focus on borrower relationships, new business, and analysis.
“We are proud to extend our partnership with CCBN to continue providing member banks access to Abrigo’s solutions and resources to help institutions navigate this challenging environment,” said Abrigo CEO Wayne Roberts. “As we move through this next phase of PPP and beyond, it’s going to be critical that financial institutions have the tools and technology in place to manage risk and drive growth in all areas of banking.”
In addition to tackling PPP, Abrigo’s software solutions help community banks overcome many challenges unique to the current economic environment, including managing an increased volume of loan workouts, optimizing financial performance and profitability, detecting COVID-19-related fraud, and more.
California Community Banking Network member banks will receive preferred pricing for Abrigo products and solutions through the association. For more information, visit the California Community Banking Network website.
About California Community Banking Network
The California Community Banking Network (CCBN) represents thousands of community bankers in California. CCBN designs educational programs, promotes connectivity among professional peers and advances legislative issues through boutique services that cultivate a supportive network for community bankers in California. For more information log on to www.ccbnetwork.org.
Abrigo is a leading technology provider of compliance, credit risk, lending, and asset/liability management solutions that community financial institutions use to manage risk and drive growth. Our software automates key processes – from anti-money laundering to asset/liability management to fraud detection to lending solutions – empowering our customers by addressing their Enterprise Risk Management needs. Visit abrigo.com to learn more. Follow Abrigo on social media using @WeAreAbrigo.
Caroline Johnson, California Community Banking Network / Email: [email protected]/ Phone: 949-534-6654