SPOKANE and OLYMPIA, Wash., Aug. 24, 2005 (PRIMEZONE) -- Today Wheatland Bank announced it has selected ET (Enhanced Technology) Financial Services, of Olympia, WA, to supply the bank with market-leading technology to originate and service consumer loans.
"As a value-oriented community bank, we strive to develop innovative solutions for our customers," said Susan Pittman, President, CEO and Chairman of Wheatland Bank. "It is our mission to exceed their expectations every day. Our partnership with ET will enable Wheatland Bank to provide even better service and value to the consumer loan customers we serve."
"We are excited that we will be able to approve most consumer loans in seconds, either in our lobbies or from our website, and to make certain that our pricing fits our customer's needs," she added. "Recognizing that many of our customers want to do their financial business around the clock, seven days a week, our ability to approve loans over the Internet will help extend our service culture to our customers' homes and offices. Because leadership in technology and service is central to our business strategy, we're delighted to partner with ET."
About Wheatland Bank
Wheatland Bank, formed in 1979, has grown to eight branches in four counties (Spokane, Lincoln, Adams, and Grant), approximately 70 employees, and 10,000 customers. Two additional branches will be added in Spokane by 2006. Wheatland Bank is still one of only a few locally owned independent community banks located in Eastern Washington. Its strategic plans provide for remaining a viable locally owned independent.
About Enhanced Technology Financial Services, Inc.
ET Originates, Services, Collects, and Reports on private label consumer installment loans and HELOCs for banks using its proprietary OSCAR system and team. ET guarantees that its client banks will increase total net income by at least 20% when they use the complete OSCAR system. By combining ET's risk-related pricing and best-in-industry servicing, ET's client banks can generate higher margins and more volume with lower risk and less volatility, while reducing the price to the consumer, all simultaneously. ET's client banks range in size from $24 million to over $500 billion. ET Financial Services is headquartered in Olympia, WA.