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First Tennessee Bank Partners with Baker Hill to Drive Small Business Lending Efficiencies and Accommodate Expanding Loan Portfolio

CARMEL, IN – First Tennessee Bank has partnered with Baker Hill, a leading provider of technology solutions for lending, risk management, and analytics. The Memphis-based bank selected Baker Hill’s small business loan origination solution and customized branch online loan application software to drive efficiencies in the lending process while improving the customer experience with faster decisions and faster closings.

First Tennessee Bank, with more than $40 billion in assets, has experienced consistent growth for several years and had outgrown its previous small business loan origination system. The bank sought a system that could scale with its expanding loan portfolio and assessed various solutions on the market. Following First Tennessee Bank’s recent acquisition of Capital Bank, a previous Baker Hill client, First Tennessee selected Baker Hill’s small business loan origination solution.

Baker Hill’s loan origination solution will help First Tennessee Bank manage business credit requests with greater consistency and speed, eliminating several manual processes through the solution’s centralized workflow. The solution will also allow the bank to automate the origination process from end-to-end, including underwriting and the onboarding of loans into the bank’s core system. With Baker Hill’s customized branch online loan application software, bank employees can more efficiently gather applicant information and easily share information from the field with underwriting to improve transparency and further expedite the decisioning process.

Once the bank completes the implementation of Baker Hill’s small business loan origination and customized online loan application solution, First Tennessee Bank plans to upgrade to Baker Hill NextGen® Small Business Loan Origination, the company’s latest, cloud-based loan origination software. Baker Hill NextGen® was built with flexible technology to allow for robust configuration and integrations, which ensures the solution can adapt to the evolving needs of today’s financial institutions, including First Tennessee Bank.

“By working with Baker Hill, we expect to improve the overall customer experience for delivering small business credit,” said Darin Johnson, SVP, Director of Commercial Credit Loan Administration at First Tennessee Bank. “Our team evaluated numerous loan origination systems and believes Baker Hill’s solution will best help us streamline our lending processes and ultimately, support the bank’s continued growth. We’re also looking forward to leveraging the additional capabilities of Baker Hill NextGen®, which will help us maximize the value of our new loan origination system.”

“Baker Hill is committed to helping First Tennessee Bank optimize its small business lending operations, as the bank is poised for sustained growth and generating efficiencies in its lending process will further support those initiatives,” said John M. Deignan, President and CEO of Baker Hill. “More than 20,000 bankers trust Baker Hill’s loan origination solutions to meet their lending needs and we are proud to have the opportunity to serve First Tennessee Bank in this capacity as well.”

Baker Hill empowers financial institutions to work smarter and drive more profitable relationships. The company delivers a single unified platform with solutions that streamline origination and portfolio management for business, consumer direct and indirect lending. The Baker Hill NextGen® platform also delivers sophisticated analytics and revenue enhancement solutions that support sound business decisions to mitigate risk and generate growth. Baker Hill is the #1 provider of member business lending services, serving 500 financial institutions, including more than 20% of the top 150 U.S. banks and 20% of the top 25 U.S. credit unions. For more information, visit www.bakerhill.com.

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