BancVue, a provider of data-driven consulting services to community financial institutions, has acquired equipment leasing company BancLeasing. Terms were not disclosed.
BancVue, creator of Kasasa® and the leading provider of innovative products, dynamic marketing, and data-driven consulting services to community financial institutions, announced the strategic acquisition of BancLeasing, a pioneer in providing financial institutions with highly competitive equipment leasing programs.
“This is a win-win-win that will benefit both companies and, more importantly, the more than 700 community financial institutions that BancVue serves,” said BancVue founder & chief evangelist Don Shafer. “Our partner-clients have been asking for a proven means to expand their commercial lending businesses. BancLeasing’s CashFlow Lease Program will allow them to achieve this important goal while strengthening their competitive positions.”
BancVue’s long-standing mission is to enable community financial institutions to compete and win in the war against the megabanks. Toward that end, BancVue offers access to cost-effective banking products and services that might otherwise be time- or cost-prohibitive.
Shafer and BancLeasing President Mark Buchanan believe there is great synergy between the two companies and that BancLeasing’s CashFlow Lease Program will be a strong addition to the BancVue lineup.
“We are excited to join BancVue in its initiative on behalf of community banks and credit unions nationwide,” said Buchanan. “Equipment lease financing is a highly competitive market dominated by the biggest banks. For our community financial institution partners, being able to offer quality commercial and industrial equipment lease financing will partially level the playing field. Our CashFlow Lease Program can help them build stronger banking relationships with clients, and it promotes customer retention by preventing the megabanks from gaining a foothold with a local bank’s best customers via lease financing.”
BancVue started offering the CashFlow Lease program to its existing customers in March of 2013.
BancVue is the leading provider of innovative products, world-class marketing, and data-driven consulting solutions to community financial institutions across the U.S. Featuring offerings like Kasasa®, a national brand of superior products and marketing scale, BancVue products are designed to deliver controlled new account growth, higher profitability, and increased customer retention. Today serving over 700 community banks and credit unions across the country, BancVue is empowering its clients to compete in and win the war against megabanks.