BankSouth | Decentralization & Inconsistency

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The Challenge:

BankSouth in Greensboro, GA., had a decentralized process. The lenders used spreadsheets for their global cash flow calculations. This process worked; however, BankSouth wanted to have a more formalized system for credit analysis due to the bank’s growth and recent change in regulatory agency.

Abrigo has helped make the bank’s loan packages more
consistent and standardized.
Tracy Hayden, BankSouth

The Solution:

BankSouth chose Abrigo for its credit analysis needs. Tracy Hayden, Chief Credit Officer at Bank South notes,” Abrigo has helped make the bank’s loan packages more consistent and standardized.” Additionally, Credit Analysis provides a narrative report on every credit that generates information about the business’s financial health industry benchmarks, and tips for improvement. Abrigo’s narrative report helps BankSouth in three important ways. First, it helps lenders better understand the credit. Second, the report provides talking points lenders can use with customers to help them improve their businesses, and third, it enables the bank’s loan committee meetings and approval process to run more smoothly with an easy-to-understand write-up of the business and industry.

The Result:

“During our exit interview with the OCC, the examiners were very complimentary of our loan packages and depth of analysis. It was a great testimonial to Abrigo.”

Tracy Hayden, Chief Credit Officer & SVP,
BankSouth

Grow Your Credit Department without Adding Risk with our Abrigo Credit Risk Solution
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