Dollar Bank contracts with Numerated to grow loan book

Dollar Bank’s 164-year heritage as one of the oldest continuously operating banks in America has centered on understanding and adapting products to meet customer needs. Advancing this principle into the digital age, Dollar Bank has selected Numerated’s award-winning, real-time lending and sales platform to attract and expand relationships with businesses in Pennsylvania, Ohio, and Virginia.

“Our growth strategy as a mutual has centered on our people earning the confidence of customers with products and services that exceed their needs,” said Jim McQuade, President and CEO of Dollar Bank. “Numerated’s compelling growth stories with other banks focused on exactly this. We look forward to providing our bankers with actionable data to have more personalized conversations with businesses, and offering these businesses a real-time borrowing experience that makes Dollar Bank easy to choose.”

With Numerated, Dollar Bank will continuously identify and pre-qualify businesses in their footprint for loans, transforming how their bankers go-to-market to have more proactive, consultative conversations. Numerated will also power a real-time borrowing experience across the Bank’s channels that automates underwriting and provides time-strapped business owners with the ability to secure financing in minutes instead of weeks.

“As one of the first banks in the country to offer online and mobile banking, we are proud to play a role in furthering Dollar Bank’s reputation as an early adopter of transformative banking technology,” said Numerated’s Founder and CEO Dan O’Malley. “We look forward to providing their dedicated bankers with a growth platform for business banking, including a real-time borrowing experience that meets the on-demand needs of today’s business owners.”

Dollar Bank is Numerated’s third mutual bank customer, including two of the three largest mutuals in the country.