NEW HAVEN, Conn., Feb. 13, 2013 (GLOBE NEWSWIRE) -- Continuity Control, the only compliance platform built for community financial institutions, today announced that United Bankers' Bank (UBB) of Bloomington, Minnesota has signed on to use the firm's award-winning solution.
By centralizing all regulatory management activities on the Continuity Control platform, United Bankers' Bank plans to reduce the resources it spends on compliance while ensuring that it pass regulatory muster and effectively keep up with the steady stream of regulatory changes.
"It's no secret the regulatory environment has grown increasingly difficult to navigate for all banks, especially community banks, and the old way of managing things isn't working anymore," says William C. Rosacker, President & CEO of United Bankers' Bank. "Continuity Control clearly has a unique vision and strategy for the future. This compliance management system should make keeping up with Washington much easier while improving our controls environment and increasing the transparency for our management oversight. Continuity Control truly represents a new way to manage compliance."
United Bankers' Bank has grown into one of the largest correspondent banks in the upper Midwest and Pacific Northwest; currently the 800-plus customer banks UBB serves stretch across 12 states (Minnesota, Iowa, Michigan, North & South Dakota, Nebraska, Montana, Wyoming, Idaho, Washington, Oregon and Illinois). While UBB has experienced tremendous growth since their start in 1975 and continues to thrive today, the volatile regulatory environment complicates their path for continued growth and success.
"Well-managed banks like UBB realize their resources are better utilized by serving their clients rather than keeping up manually with hundreds of rule changes that occur each year. With the rate of regulatory change threatening the traditional community bank business model, future minded bank leaders are looking to change the economics of managing compliance. The only way to do that is with technology, and that's exactly why we built the Continuity Control platform," says Andy Greenawalt, Founder and CEO of Continuity Control.
"We're extremely excited to be working with UBB, as their single-minded commitment to community banking and their spirit of innovation align closely with the values of our company," continued Greenawalt.
Continuity Control's mission is to help community financial institutions survive and thrive by offering personalized, expert service coupled with innovative technology to relieve the compliance burden. The firm was recognized as one of the five most interesting companies in financial services at FinovateSpring 2010 and recently named among the "10 Tech Companies to Watch" by Bank Technology News.
About Continuity Control
Continuity Control is an award-winning compliance platform that combines advanced software with personalized service to help community financial institutions effectively manage their regulatory burden. Founded in 2008 by distinguished technology, banking, and compliance specialists, Continuity Control's platform effectively reduces the resources a bank or credit union must spend on compliance while ensuring that it passes regulatory muster. Built just for community banks and credit unions, Continuity Control is the most comprehensive compliance management platform for community financial institutions on the market today. For more information, visit www.continuity.net.
CONTACT: Katie Weathers email@example.com www.csg-pr.com 404-791-8245
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