First Pryority Bank partners with Teslar Software to streamline lending processes

By Edlyn Cardoza

First Pryority Bank, a member FDIC bank, and Teslar Software announced their partnership to expedite and streamline processes across the bank’s loan department. The Pryor Creek, Oklahoma-based bank has grown substantially over the past three years and will leverage Teslar’s lending automation software to help support its ongoing growth goals.

“We pride ourselves on being a home-grown community bank, helping our customers handle all of their retail and business banking needs with speed, ease and a personal touch,” said Abbie Bowen, executive VP of credit at First Pryority Bank. “Teslar’s technology, starting with pipeline and exceptions management tools, will allow us to move more quickly and remove any roadblocks. We aim to reach $500 million in assets over the next three years, and we’re confident Teslar’s technology will help us get there.”

With Teslar, First Pryority Bank can easily track exceptions and upload documents, delivering greater transparency into customers’ portfolios. Tasks that were previously time and labour-intensive, such as entering data, will be automated through Teslar’s workflows.

“By leveraging Teslar, First Pryority Bank is providing their lenders with the advanced tools needed to more effectively serve their community, building deeper, more meaningful customer relationships,” said Joe Ehrhardt, CEO and founder of Teslar Software. “We are proud to partner with them as they continue to focus on strategic, growth-oriented initiatives, offering a better experience for borrowers and lenders.”

Teslar Software, founded in 2008, is a configurable lending process automation platform for community financial institutions. Teslar transforms commercial lending by providing easy access to centralised, relevant information to balance portfolios, optimise profits and help community bankers effectively serve their customers.