BancVue Ranked Number One on Austin Business Journal's Fast 50 List
Partnership Approach Pushes Six-Year Old Firm to Top of Its Category
| Source: BancVue
AUSTIN, TX--(Marketwire - November 19, 2009) - BancVue (www.BancVue.com), the leading provider
of innovative products, dynamic marketing, and data-driven consulting
solutions to community financial institutions around the country, has been
named the fastest growing private business in Austin, according to the
Austin Business Journal.
The firm was recognized for topping the list of fastest growing companies
with over $10 Million in revenue at the Journal's Fast 50 awards ceremony
recently held at the Renaissance Austin Hotel.
"The phenomenal and continuing growth of BancVue during its relatively
short operating history highlights the demand community financial
institutions have for big-time products," said Don Shafer, Chairman of
BancVue. "We're all about helping community financial institutions win the
war against the mega banks by helping them deliver awesome banking
products."
With a complete suite of services that includes marketing support,
compliance guidance, employee training, mystery shopping, and ongoing
consultation, BancVue has made quick inroads into the banking industry,
attracting nearly 700 community bank and credit union clients in just five
years.
The firm's success is also driven by REALChecking®, an innovative set of
products that were developed around BancVue's broad qualitative and
quantitative consumer research. The end result is a dynamic system of
products that directly address community financial institutions' key
business needs by generating non-interest income, driving customer growth,
and retaining customers.
REALChecking® has already attracted more than 1.2 million accounts to
partner community financial institutions across the country.
"Consumers are clearly looking past the mega banks for better places to put
their money," says Shafer, "and that's fueling a surging interest in
community banks and credit unions. Our market is big and we want to keep it
growing."
In September, BancVue was recognized as the second fastest growing
financial services firm in Inc. Magazine's 28th Annual List of America's
Fastest-Growing Private Companies -- the Inc. 500. The Austin-based firm
was 23rd in the magazine's overall rankings.
BancVue expects to maintain its growth trajectory in 2010 with Kasasa™,
a national brand of superior products that gives community financial
institutions the necessary marketing scale to compete with the mega banks.
Kasasa™ has so far delivered unprecedented returns in its pilot markets,
with participating community financial institutions reporting growth rates
upwards of 150% on new accounts and 372% on deposits at those institutions
focused on deposit growth.
About the Austin Business Journal Fast 50
The Austin Business Journal's annual Fast 50 contest recognizes the fastest
growing companies in the Austin area. Rankings are based solely on revenue
growth during the past three years. Information submitted by contestants is
verified by an independent accounting firm
About BancVue
BancVue is the leading provider of innovative products, marketing, and
consulting solutions to community financial institutions nationwide.
Serving nearly 700 community banks and credit unions around the country,
BancVue's solutions allow these institutions to compete and win in the war
against the mega banks and direct banks. Community financial institutions
benefit from the development and implementation of BancVue's innovative
products, including Kasasa™, a national brand of superior products that
gives community financial institutions the marketing scale they need to
compete with the mega banks, and REALChecking®, a system of innovative
products, superior marketing, and data-driven consulting. For more
information on BancVue, visit www.bancvue.com.