Northeast Bank chooses nCino to boost lending services

Source: nCino

nCino, the leader in secure, cloud-based operating solutions to the financial services industry, announced today that Northeast Bank, a full-service community bank headquartered in Lewiston, Maine, has selected nCino’s Bank Operating System to enhance its commercial and SBA loan production.

Northeast Bank has been providing customers with innovative financial products since 1872. With assets of more than $800 million, it offers a wide array of business and personal banking solutions, including commercial real estate and commercial business loans, and is a Preferred Lender with the U.S. Small Business Administration.

“Northeast Bank is committed to supporting the needs of growing small businesses,” said Rick Wayne, president and CEO of Northeast. “nCino’s innovative and comprehensive cloud-based solution will help us provide superior service to our customers through faster loan processing, enhanced efficiency and greater transparency into the entire process.”

nCino enhances banks’ lending services by combining essential loan origination functions with customer relationship management, business process workflows and reporting dashboards in a single place to automate and simplify the entire lending process. The Bank Operating System empowers employees and leaders with deeper insight into bank operations, replacing traditional point solutions and manual based-processes to drive greater efficiency.

Pierre Naudé, CEO of nCino, stated, “Since nCino’s founding, we have seen the positive impact our technology can make on community bank operations. We are excited to further grow our roster of community banks and expand our geographic footprint with the addition of Northeast Bank. Adopting the nCino solution will support our customers’ growth objectives, with the potential for greater revenue growth, improved efficiency and expanded customer relationships.”  

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