CARMEL, Ind.–(BUSINESS WIRE)–Baker Hill, a leading provider of technology solutions for common loan origination, risk and relationship management, CECL compliance, and smart data analytics, announced that Farmers and Merchants Bank has chosen Baker Hill NextGen® Statement Spreading to support the bank’s continued growth.
From the beginning, Farmers and Merchants Bank has remained locally owned, operated and headquartered in Upperco, Maryland. A public banking institution founded in 1919, its independence has allowed them to provide customers with a team of local bank professionals who care deeply about its customers’ personal and business success.
With Baker Hill NextGen® Statement Spreading, Farmers and Merchants Bank can make credit decisions with complete confidence. Additionally, the bank will establish a consistent process for understanding and managing clients’ credit risk through sound financial analysis. Featuring a wide range of formats and features to accommodate financial institutions’ needs for commercial lending, Baker Hill NextGen® Statement Spreading provides a reliable source of accurate comparative data. Farmers and Merchants Bank is also considering additional technologies within the Baker Hill NextGen® product suite.
“Baker Hill’s long-standing reputation for exceptional technology and service greatly impacted our decision,” said Christopher T. Oswald, Executive Vice President and Chief Operations Officer of Farmers and Merchants Bank. “We are looking forward to better reporting with quicker spreads thanks to all of the underlying features and functionality of Baker Hill NextGen®. Better reporting will lead to better service for our customers which is at the heart of everything we do.”
“At Baker Hill, we constantly strive to improve the quality and consistency of financial analysis available to financial institutions like Farmers and Merchants Bank,” said John M. Deignan, President and CEO of Baker Hill. “With Baker Hill NextGen® Statement Spreading, they will benefit from greater efficiencies within the lending process, helping drive growth and further position the bank as a leading community financial institution across Maryland.”
About Farmers and Merchants Bank
From the beginning, Farmers and Merchants Bank has remained locally owned, operated and headquartered in Upperco, MD. As a public banking institution founded in 1919, Farmers and Merchants Bank’s independence has allowed it to provide customers with a team of local bank professionals that care deeply about customers and their personal and business success. Farmers and Merchants Bank currently operates six traditional branches to serve the local community – Upperco, Hampstead, Greenmount, Reisterstown, Owings Mills and Westminster. For more information, visit www.fmb1919.com.
About Baker Hill
Baker Hill empowers financial institutions to work smarter, reduce risk and drive more profitable relationships. The company delivers a single unified platform with modern solutions to solve CECL calculations and streamline loan origination and portfolio risk management for commercial, small business and consumer lending. The Baker Hill NextGen® platform also delivers sophisticated analytics and marketing solutions that support sound business decisions to mitigate risk, generate growth and maximize profitability. Baker Hill is the expert solution for loan origination, portfolio risk and relationship management, CECL compliance and analytics for financial institutions in the United States. For more information, visit www.bakerhill.com.