Community bank with $1.4 billion in assets partners with fintech to automate lending processes

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SPRINGDALE, Ark.–(BUSINESS WIRE)–Bank of Montana Opportunity and Tesla software today announced their partnership to streamline the bank’s lending process for employees and customers. The bank expects loan growth of up to 10% this year and leveraging Teslar will allow them to scale easily and efficiently.

Opportunity Bank of Montana is a premier secured lender in the Agricultural Services Agency and one of Montana’s premier residential mortgage lenders. The bank has 24 branches in Montana and has been committed to serving its community for 100 years.

“We want to be known not as a bank with technology offerings, but rather as a technology leader that provides banking services. That’s why we’re committed to investing in modern, transformative solutions like Teslar,” said Pete Johnson, CEO of Opportunity Bank of Montana. “Teslar allows us to track loans with complete accuracy and precision, ultimately saving borrowers and lenders time. We believe Teslar’s platform will be instrumental in the strategic growth of our portfolio. . »

Teslar provides the tools and visibility needed to ensure consistency and accelerate loan execution, maximizing insights and productivity. Tasks that were previously staff-intensive, such as document indexing, will be automated through Teslar’s operational workflows, creating efficiencies and reducing the risk of human error.

“We are proud to provide the robust technology needed to help manage Opportunity Bank’s portfolio and growth plans,” said Joe Ehrhardt, CEO and Founder of Teslar Software. “Our partnership will allow their lenders to spend more time doing what they do best: serving and supporting the community.”

About Teslar Software

Teslar Software, founded in 2008, is a configurable lending process automation platform for community financial institutions. Teslar is transforming commercial lending by providing easy access to centralized, relevant information to balance portfolios, optimize profits, and help community bankers effectively serve their clients. Named Best Lending Solution by the 2021 FinXTech Awards, Teslar Software continues to earn its reputation as a leading technology provider for community institutions. Please visit www.teslarsoftware.com to learn more.