Central Bank Implements Shaw Systems’ Commercial Lending Solution

central bank

Central Bank, based in Jefferson City, Missouri, recently converted 13 banks and their entire commercial loan portfolio to Shaw Systems’ COMMERCIAL product. The on-site project team, comprised of Central Technology Services staff, Central Bank personnel, and two Shaw consultants, flawlessly executed the conversion. Balancing and validation of data went according to schedule, and they were able to verify that all data converted properly as planned. The conversion turned out to be one of the smoothest in which both Central Bank and Shaw Systems had participated.

Central Bank recently expanded its relationship with Shaw Systems by selecting the vendor’s RETAIL application to process their growing consumer loan portfolio. The bank wanted a solution that provided flexibility in defining products, fees, services, and reports and also offered advanced features and capabilities to enhance fee income and to bring new products to market in shorter time frames.

“The success of the COMMERCIAL installation, and satisfaction with the product, made the choice to add RETAIL a relatively easy decision for us, ” said Bob Boeckman, Senior Vice President and Manager of Information Systems at Central Bank. ” We look forward to expanding our terrific relationship with Shaw.”

About Central Bank

Central Missouri Trust Company was founded in 1902. Renamed Central Bank in 1987, parent company Central Bancompany, Inc. was formed in 1970 as a holding company of banks in the state of Missouri, currently operating 13 banks with nearly $7 billion in assets and headquarters in Jefferson City.