First Bancorp of Durango Selects Wolters Kluwer Financial Services Offering For Straight-Through Processing Capability

Minneapolis, MN - 9 December 2015

CASH Suite™ Analytical Package Will Benefit Its Banks’ Commercial Lending Programs

Wolters Kluwer Financial Services today announced that First Bancorp of Durango, Inc., based in Inverness, Ill., has selected the five-module financial analytics bundle of CASH™ Suite, an enterprise-wide financial analysis and credit risk management solution. First Bancorp is the holding company for the Bank of New Mexico in Grants, NM as well as First National Bank of Durango in Durango, Colo. Both banks will employ the CASH analytics bundle to help them achieve straight-through processing for their commercial lending businesses.

"Our desire to continue growing in the commercial lending space meant moving toward a more advanced and cohesive technology solution,” says First Bancorp’s Melissa Zureich, chief credit officer. “These tools will help align our underwriting and origination activities for both of our banks, along with document preparation and compliance. And they will enhance our ability to provide straight-through processing through further automation and streamlining of our commercial loan origination processes.”

The financial analytics bundle of CASH Suite includes the Insight,CRE, OnTrack, Bridge and CASH Doc modules and provides a bank with deep and comprehensive financial analyses on its commercial loans for both new loans and annual reviews. Visit the CASH™ Suite and ComplianceOne websites for more information.

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