First National Bank of Omaha Expands Web-Based Correspondent Services With LendingTools.com
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WICHITA, KS, Mar 24 (MARKET WIRE) --
LendingTools.com, a leading provider of services to the correspondent
banking industry, announced today that First National Bank of Omaha,
Omaha, Nebraska, has chosen to expand its web-based correspondent
services suite by incorporating International Wires and Fed Funds into
its FirstTools platform. FirstTools is the branded and customized
correspondent transaction and reporting platform utilized by First
National Bank of Omaha's correspondent banking customers to conduct
business with First National Bank of Omaha.
"First National Bank of Omaha is always looking for a better way to serve
our customers and we believe that we have done that with the addition of
these two services," said Russ Oatman, senior vice president, FMBO. "By
adding Fed Funds and International Wires to our FirstTools platform, our
customers will now be able to conduct key transactions online."
First National Bank of Omaha will utilize the Fed Funds and International
Wires modules to provide online access to their correspondent customers to
manage daily balances, review currency rates and place orders based on
'real time' information. Both enhancements will provide First National
Bank of Omaha's correspondent customers the ability to make transaction
decisions at their convenience, without the need of placing call-in
orders.
"International Wires and Fed Funds are two important components of our
total Correspondent Transaction Suite," said Eric Goering, President and
Chief Executive Officer of LendingTools.com. "We are pleased to be a part
of a key market strategy for First National Bank of Omaha, which has a
long and cherished history as a correspondent bank."
LendingTools' FX module is a key part of their correspondent banking
product. LendingTools and First National have executed a letter of intent
naming First National Bank of Omaha as one of a limited number of FX
processors that will provide FX trade services in support of the new
platform. Oatman said that First National currently provides comprehensive
international transaction services and FX risk management as a direct
SWIFT participant.
About LendingTools.com
LendingTools.com, Inc. specializes in the design and delivery of web-based
applications for the financial services industry and delivers them through
correspondent processing organizations. Its OnWe(R) Network provides a
low cost option for community bank image exchange through a series of
OnWe Network Community Hosts. Over 28 percent of the nation's banks
utilize one or more LendingTools.com services daily to originate and
process ACH, wire, and imaged check transactions. Among others, OnWe,
onwe, On-We and on-we are registered trademarks of LendingTools.com.
A privately-held corporation, LendingTools.com was founded by and is now
operated by former bankers. Please visit www.LendingTools.com for more
information.
About First National Bank of Omaha
First National Bank is a subsidiary of First National of Nebraska, Inc.
First National of Nebraska has grown into the largest privately owned
banking company in the United States. First National and its affiliates
have $21 billion in managed assets and nearly 7,000 employee associates
located in 35 states. Primary banking offices are located in Nebraska,
Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.
Contact:
Tracy Hearson
Marketing Coordinator
LendingTools.com
316.267.3200 x 105
Email Contact
Copyright 2009, Market Wire, All rights reserved.
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