Community First Bank in Washington Selects Wolters Kluwer Financial Services’ ComplianceOne Solution

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Minneapolis, MN (December 2, 2010)– Community First Bank announced today it has selected Wolters Kluwer Financial Services’ 

target="_blank">ComplianceOne™

solution to help document lending transactions quickly, accurately and in compliance with all federal and state regulations. The bank has implemented ComplianceOne throughout its four branches in southeast Washington.

Community First Bank focuses primarily on commercial lending to area small businesses according to Greg Burck, senior vice president and chief financial officer for the bank. Documenting such transactions can be complex and time and labor-intensive, so Burck says ComplianceOne’s ability to help the bank rapidly auto-select and complete them is extremely valuable.

“It’s important for us to make the best use of staff’s time, which is focusing more on meeting our customers’ needs and less on the documentation process,” Burck said. “ComplianceOne has allowed us to do that by helping us increase our operational efficiency and streamline loan processing. It’s also an easy-to-learn and -use solution.”

Burck noted that the transition from the bank’s previous documentation solution was free of delays, data gaps or glitches, and that the integration to the bank’s core processing system was seamless. He also said ongoing training and support has helped the bank maximize the benefits of ComplianceOne.

“The service and support we’ve received from Wolters Kluwer Financial Services has reinforced our confidence in the solution to help keep us compliant and operating efficiently,” he said. “The ComplianceOne team continues to be responsive as our business and compliance needs change.”

ComplianceOne is a documentation solution designed to help financial institutions more effectively manage compliance for loan and deposit account transactions. The solution connects the major areas of an institution’s business to its core processor through one, easy-to-manage user interface. Built upon the trusted compliance knowledge and experience behind Wolters Kluwer Financial Services’ Bankers Systems brand, ComplianceOne also offers institutions integrated access to many of Wolters Kluwer Financial Services’Wiz compliance analytics tools.

For more information on ComplianceOne, please visitwww.WoltersKluwerFS.com/One

About Community First Bank

Community First Bank is a $170 million commercial bank headquartered in Kennewick, Washington. Community First Bank operates 4 offices serving primarily business and professional customers in the lower Columbia Basin region of Washington state. The bank is proud to be one of the few banks in their market to earn the 5-Star safety and soundness rating from bauerfinancial.com.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™.

Wolters Kluwer Financial Services supports its global customers with offices in more than 20 countries and is the world’s largest compliance and risk management business focused on financial services, with more than 15,000 banking, insurance and securities customers across the globe.

Contact

Jennifer Marso
Director of Corporate Communications
Wolters Kluwer Financial Services
+1 612.852.7912

jennifer.marso@wolterskluwer.com

On Twitter: @JenniferMarso

Charles Miller
Corporate Communications Manager
Wolters Kluwer Financial Services
+1 320 240 5457

Charles.miller@wolterskluwer.com

On Twitter: @CharlesWMiller

News Source : Community First Bank in Washington Selects Wolters Kluwer Financial Services’ ComplianceOne Solution