LACEY, Wash., Aug. 2, 2006 (PRIMEZONE) -- Venture Bank of Lacey, Wash., announced today its selection of Enhanced Technology Financial Services of Olympia, Wash., to provide the bank with consumer loan technology through ET's proprietary OSCAR(r) system and team.
The technology will enable customers to access an online auto financing option through Venture Bank's website or inside any of their financial centers. Through this option, customers can specify and price a vehicle, estimate their loan payment and apply for a loan. After submitting their information, customers will know whether they have been approved for the loan within minutes, often in as little as just eight seconds.
"We are delighted to add ET's technology and services to our toolkit for servicing our customers," said Jim Arneson, Venture Bank's President and CEO. "Our consumer customers are important to us. Anytime we can speed our response to our customers and allow them access to service where, and when they want it, including through our website, we want to do it."
"Customers today expect a very rapid response from their bankers; that's one of the key ways they define 'good service,'" said Darcy Huffman, ET's Vice President-Marketing.
About Venture Bank
Venture Bank, with more than $900 million in assets and 17 financial centers in four western Washington counties, offers a full spectrum of financial services including commercial, construction, residential and consumer lending, deposit products and other banking services. The bank also provides a broad range of investment services through its subsidiary Venture Wealth Management, Inc. Further information about the bank may be found on the Internet at www.venture-bank.com.
About Enhanced Technology Financial Services, Inc.
ET Financial Services originates, services, collects, and reports on private label consumer loans, HELOCs and small business loans for community banks, mortgage banks and non-banks using its proprietary OSCAR(r) system and team. By combining ET's risk-related pricing and best-in-industry servicing, ET's client's can generate higher margins and more volume with lower risk and less volatility, simultaneously on a completely outsourced basis. ET is headquartered in Olympia, Washington, and serves clients nationwide. More information is available at www.etfinancialservices.com.