WebEquity Marks 500th Customer Milestone

* Reuters is not responsible for the content in this press release.

Wed Apr 29, 2009 10:30am EDT

First Mid-Illinois Bank & Trust Selects WebEquity Lending Software 
OMAHA, Neb.--(Business Wire)--
WebEquity Solutions LLC (WebEquity), the proven leader of on-demand lending
software, announced that First Mid-Illinois Bank & Trust, N.A. became its 500th
customer. First Mid-Illinois Bank & Trust is $1 billion in asset size and has 26
branch locations serving its customers throughout the state of Illinois. The
bank selected WebEquity to automate its commercial and agriculture lending
processes. 

This important milestone demonstrates a continued trend of rapid growth for
WebEquity. The Company has added more than 100 customers over the past year; 62
of these financial institutions were added during the first half of its fiscal
year ending in March 2009. 

"We selected WebEquity after conducting a comprehensive review of four lending
software systems," said Jason Tucker, Vice President, First Mid-Illinois Bank &
Trust N.A. "What differentiated WebEquity is that it provides a single solution
that will work for us across our AG and commercial lending areas, and its
flexible design will enable us to accommodate our credit analysis and
decisioning requirements for each of these credit types." 

"We are excited to have First Mid-Illinois Bank & Trust join the WebEquity
family as a new customer," said Doug McGregor, CEO of WebEquity Solutions. "The
customer growth and market momentum we are experiencing is evidence that lenders
are making strategic investments in technology to gain operational efficiencies
and to respond to the intense pressures they face in the areas of cost
reduction, portfolio risk management and greater regulatory scrutiny." 

WebEquity is an on-demand, software as a service (SaaS) offering which
significantly reduces the demand on a bank`s IT resources, and enables lenders
to access their loan information from anywhere via a Web browser. Its flexible
design also allows an institution to setup the software to support the bank`s
specific policies and lending guidelines such as credit analysis, risk ratings
and approval processes. WebEquity also provides the unique benefit of a single
system that works for all loan types including commercial, agriculture, small
business, commercial real estate, construction and consumer credits; helping an
institution better manage consistent, uniform lending practices across the
entire organization. 

WebEquity customers are located throughout the United States, Canada and
Australia, and range from de novos to banks more than $250 billion in assets
size. Some of WebEquity`s new customers include Community Bank of Alma, NE;
Hampton State Bank, First National Bank of Volga, Green Belt Bank & Trust,
United Bank of Kansas, Manhattan Bank of Manhattan, MT; Woodford State Bank and
State Exchange Bank of Kansas. 

To learn more about WebEquity, bankers can participate in the Company`s
complimentary webinar series; Perspectives on Lending 2009. A full Webinar
schedule is available at www.webequitysolutions.com/webinars. 

About WebEquity

WebEquity is the proven leader in on-demand lending software. More than 500
financial institutions and 10,000 lending professionals use WebEquity to
automate and streamline their lending process and reduce operational costs,
while making more uniform and profitable credit decisions. The company offers
financial institutions a distinct advantage with a single solution that works
for all loan types, an on-demand model that provides centralized, anywhere
access, and the flexibility to configure the system so it fits their lending
practices. WebEquity serves institutions in the U.S., Canada and Australia. For
more information call 800-264-0787 or visit www.webequitysolutions.com. 





WebEquity
Katy Krebs
Marketing Manager
katy.krebs@webequity.com
800-264-0787 ext. 0 



Copyright Business Wire 2009

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