{"id":501692,"date":"2021-06-08T07:36:34","date_gmt":"2021-06-08T11:36:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\/"},"modified":"2021-06-08T07:36:34","modified_gmt":"2021-06-08T11:36:34","slug":"summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\/","title":{"rendered":"Summit Bank Selects the nCino Bank Operating System\u00ae to Enhance Commercial Offerings"},"content":{"rendered":"<h2>\nnCino\u2019s robust, cloud-based platform to provide a seamless application experience for forward-looking Pacific-Northwest Bank<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">WILMINGTON, N.C., June  08, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5n9YPGaWq-togo0SX9wkQJ_VBTwrvVEYf2kMcwfc0Ezd_C8nzUc7CdJwsQneTUXPOcmxG5tBhT1hAUIejoWBPtW4wX__dgJ0a-zOMdNOHF1JXlOY4hvjcSM3C-PJTLAj\" rel=\"nofollow noopener\" target=\"_blank\">nCino, Inc.<\/a> (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that $761 million-asset, Oregon-based Summit Bank selected <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=CanljWPSdObbjYm6SUp4H4q3Zf4uqL3eVqQFePR2H49Mpsoo-aJaNcZGAvveVyBM4NPOCWn-azuEixPrJKW9NOJCUdMkjxLuKKE0yd-1aC3tycduJc9DHmYJcu12U-uQrWRzG17VFPO9urigonvNxQ==\" rel=\"nofollow noopener\" target=\"_blank\">nCino\u2019s Bank Operating System<\/a> to transform its operations and digitize its commercial lending business. Summit Bank will be utilizing nCino\u2019s <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9UZyj-fr12ekeR_gxTi9LC7b6EFgOD1qqQmrflX2r5bwr0RgMMzsMeWJRKmJvImT4H9FJKwYYy9BsI_xNO3jE_DfefNyb4c4Mh8hLQgv_oVLZO3RaBp5v7WYHnwiEK3d\" rel=\"nofollow noopener\" target=\"_blank\">Commercial Banking<\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fuXduIJ2z5ALRvIyQtU_Kg88qxFhqWocvGKQgbB0CM-cYkaow2qKci1t6EOOTKlagD-NtEAchvjQpnrU74LphzaC_tmmgDxmPQpfcPJA8tJvKbUrv4Vh3Fq9gZyYP89j\" rel=\"nofollow noopener\" target=\"_blank\">Automated Spreading<\/a> solutions to empower the bank to gain insights faster and make proactive, impactful decisions that best serve its client base. nCino\u2019s Automated Spreading, powered by nCino IQ (nIQ), can seamlessly spread financials to accurately and efficiently automate tasks and provide a greater opportunity for Summit to grow its financial portfolio.<\/p>\n<p>\u201cWe decided it was time to enhance our offerings to better meet the needs of our clients. It was important to us that we weren\u2019t simply implementing a point solution, but to ensure we found a key long-term partner with a platform that could grow with us,\u201d said Gary O&#8217;Connell, Market President at Summit Bank. \u201cWhen nCino presented the opportunity to provide an improved customer experience to the community we serve, we knew they were the right choice. We\u2019re excited for our new partnership and look forward to working together collaboratively.\u201d<\/p>\n<p>The commercial banking industry continues to face changing client expectations while supporting outdated technology where clients and financial institutions are unable to efficiently interact. nCino\u2019s seamless end-to-end experience is able to replace disparate systems within Summit Bank\u2019s front, middle and back office to empower their institution and create a personalized experience that exceeds their client\u2019s expectations. Summit Bank will also be able to automate workflow and approval processes across all commercial banking divisions, centralize document management capabilities, and monitor and measure the loan origination lifecycle at broad and micro levels of the organization.<\/p>\n<p>\u201cWe are excited to provide Summit not just a scalable solution to help drive future growth, but also a personalized platform that could create a single view for all of Summit\u2019s commercial clients,\u201d said Mike Stoneff, Area VP, Community &amp; Regional Financial Institutions. \u201cSummit Bank is a great example of a financial institution that understands that digitizing its offerings and continuously innovating will generate meaningful business value. We look forward to working with Summit and continuing to help institutions across the Pacific Northwest.\u201d<\/p>\n<p>\n        <strong>About nCino<\/strong><br \/>\n        <br \/>nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System\u00ae\u00a0empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino&#8217;s single digital platform enhances the employee and client experience to enable financial institutions to more effectively onboard new clients, make loans and manage the entire loan life cycle,\u00a0and\u00a0open deposit and other accounts\u00a0across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino works with more than 1,200 financial institutions globally, whose assets range in size from $30 million to more than $2 trillion. For more information, visit:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1Ep_PhAx4XD6iAhAugDQxVTIIkdbXhtRxmWg9h-9atEx6isRF70ifEgUViBH7xu9H1OSoSDltuIKipgh8OKjlleBv3V27EGIZtBOFT4cpusEKFo2eYdgBlwUQod7Fj4n\" rel=\"nofollow noopener\" target=\"_blank\">www.ncino.com<\/a>.<\/p>\n<p>\n        <strong>About Summit Bank<\/strong><br \/>\n        <br \/>Summit Bank, with offices in Eugene\/Springfield, Central Oregon and the Portland Metropolitan area, specializes in providing high-level service to professionals and medium-sized businesses and their owners. Summit was recognized in 2020 as the Top Small Business Administration (SBA) Community Bank Lender in the State of Oregon. Summit Bank is quoted on the NASDAQ Over-the-Counter Bulletin Board as SBKO.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:15%;width:15%;min-width:15%\">\n            <strong>MEDIA CONTACTS<\/strong>\n          <\/td>\n<td style=\"max-width:85%;width:85%;min-width:85%\">\n            <strong>\u00a0<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td>Sutton Resler, nCino<\/td>\n<td>Ryan Kelly, nCino<\/td>\n<\/tr>\n<tr>\n<td>+1 571.236.4966<\/td>\n<td>+1 732.770.5942<\/td>\n<\/tr>\n<tr>\n<td>\n            <a href=\"mailto:sresler@mww.com\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n              <u>sresler@mww.com<\/u><br \/>\n            <\/a>\n          <\/td>\n<td>\n            <a href=\"mailto:ryan.kelly@ncino.com\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n              <u>ryan.kelly@ncino.com<\/u><br \/>\n            <\/a>\n          <\/td>\n<\/tr>\n<\/table>\n<p>This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words \u201cbelieves,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201canticipates,\u201d \u201cplans,\u201d \u201cseeks,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cmight,\u201d or \u201ccontinues\u201d or similar expressions. Any forward-looking statements contained in this press release are based upon nCino\u2019s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino\u2019s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino\u2019s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC&#8217;s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI1MDEyNiM0MjMxMDYwIzIyMDAwNjI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/4720b771-a788-40b1-80ba-b912248f085c\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>nCino\u2019s robust, cloud-based platform to provide a seamless application experience for forward-looking Pacific-Northwest Bank WILMINGTON, N.C., June 08, 2021 (GLOBE NEWSWIRE) &#8212; nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that $761 million-asset, Oregon-based Summit Bank selected nCino\u2019s Bank Operating System to transform its operations and digitize its commercial lending business. Summit Bank will be utilizing nCino\u2019s Commercial Banking and Automated Spreading solutions to empower the bank to gain insights faster and make proactive, impactful decisions that best serve its client base. nCino\u2019s Automated Spreading, powered by nCino IQ (nIQ), can seamlessly spread financials to accurately and efficiently automate tasks and provide a greater opportunity for Summit &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Summit Bank Selects the nCino Bank Operating System\u00ae to Enhance Commercial Offerings&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-501692","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Summit Bank Selects the nCino Bank Operating System\u00ae to Enhance Commercial Offerings - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Summit Bank Selects the nCino Bank Operating System\u00ae to Enhance Commercial Offerings - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"nCino\u2019s robust, cloud-based platform to provide a seamless application experience for forward-looking Pacific-Northwest Bank WILMINGTON, N.C., June 08, 2021 (GLOBE NEWSWIRE) &#8212; nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that $761 million-asset, Oregon-based Summit Bank selected nCino\u2019s Bank Operating System to transform its operations and digitize its commercial lending business. Summit Bank will be utilizing nCino\u2019s Commercial Banking and Automated Spreading solutions to empower the bank to gain insights faster and make proactive, impactful decisions that best serve its client base. nCino\u2019s Automated Spreading, powered by nCino IQ (nIQ), can seamlessly spread financials to accurately and efficiently automate tasks and provide a greater opportunity for Summit &hellip; Continue reading &quot;Summit Bank Selects the nCino Bank Operating System\u00ae to Enhance Commercial Offerings&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-08T11:36:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI1MDEyNiM0MjMxMDYwIzIyMDAwNjI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Summit Bank Selects the nCino Bank Operating System\u00ae to Enhance Commercial Offerings\",\"datePublished\":\"2021-06-08T11:36:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\\\/\"},\"wordCount\":851,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI1MDEyNiM0MjMxMDYwIzIyMDAwNjI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\\\/\",\"name\":\"Summit Bank Selects the nCino Bank Operating System\u00ae to Enhance Commercial Offerings - 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(NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that $761 million-asset, Oregon-based Summit Bank selected nCino\u2019s Bank Operating System to transform its operations and digitize its commercial lending business. Summit Bank will be utilizing nCino\u2019s Commercial Banking and Automated Spreading solutions to empower the bank to gain insights faster and make proactive, impactful decisions that best serve its client base. nCino\u2019s Automated Spreading, powered by nCino IQ (nIQ), can seamlessly spread financials to accurately and efficiently automate tasks and provide a greater opportunity for Summit &hellip; Continue reading \"Summit Bank Selects the nCino Bank Operating System\u00ae to Enhance Commercial Offerings\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\/","og_site_name":"Market Newsdesk","article_published_time":"2021-06-08T11:36:34+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI1MDEyNiM0MjMxMDYwIzIyMDAwNjI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Summit Bank Selects the nCino Bank Operating System\u00ae to Enhance Commercial Offerings","datePublished":"2021-06-08T11:36:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\/"},"wordCount":851,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI1MDEyNiM0MjMxMDYwIzIyMDAwNjI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/summit-bank-selects-the-ncino-bank-operating-system-to-enhance-commercial-offerings\/","name":"Summit Bank Selects the nCino Bank Operating System\u00ae to Enhance Commercial Offerings - 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