Legends Bank Selects Full Suite of Teslar Software Tools to Enhance Commercial Lending –

Bank Partners with Teslar Software to Streamline Processes and Increase Commercial Lending Efficiency

SPRINGDALE, Ark.–(BUSINESS WIRE)–Teslar Software, a provider of portfolio management tools that aggregate and automate loan and deposit operations for community financial institutions, today announced that Legends Bank has selected its suite full of automated workflow and portfolio management tools to streamline and centralize commercial lending.

Legends Bank, based in Clarksville, Tennessee, has seen significant momentum recently, growing nearly 50% in the past 18 months. To support this growth, the bank recognized the need to move away from manual spreadsheets and paper documents for its commercial lending processes to a more digitized process that would deliver new levels of efficiency and speed. The bank plans to use Teslar’s automated workflows to meet these needs, creating a standardized approach to lending.

“As a CRE and bank focused on small businesses, it was critical to find a commercial lending solution that would support our scale and grow with us, which is exactly what Teslar delivers,” said Legends CEO Tommy Bates. Bank. “With Teslar, we will be able to effectively manage our loan portfolio without adding additional FTEs, which is especially important as talent becomes increasingly scarce. We are confident that our partnership with Teslar will help us serve and support more small businesses.”

Legends Bank will start by leveraging Teslar’s exception management tools and move forward to implement Teslar’s full suite of solutions. With Teslar, the bank will be able to reduce the risk of manual errors and introduce new levels of transparency into the lending process. Employees will have more time to focus on serving clients and growing their portfolios instead of spending their time on redundant and tedious manual tasks.

“Legends Bank recognizes the importance of automation to optimize processes and allow its staff to focus on higher value activities,” said Joe Ehrhardt, CEO and Founder of Teslar Software. “Through the use of our platform, the bank will be able to approach commercial lending with increased productivity, visibility and speed. We look forward to supporting Legends Bank in its expansion, providing more small businesses and communities the funding they need to thrive.

About Teslar Software

Teslar Software provides portfolio management tools for community financial institutions that consolidate and automate loan and deposit operations processes into a single system, enabling institutions to scale and improve all aspects of banking. This SaaS solution with more than 20 modules increases efficiency by providing easy access to centralized and relevant information to balance portfolios, optimize profits and help community bankers to serve their customers more effectively and better understand their needs.

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Maggie Sage

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Maggie@williammills.com