$12 billion AUM bank can now offer BaaS offers to its customers
SAN FRANCISCO and NASHVILLE, Tenn., September 22, 2022 /PRNewswire/ — Treasury bountya leading banking-as-a-service (BaaS) company, today announced its partnership with FB Financial Corp (FirstBank) to provide integrated financing offers to its customers. The partnership with FirstBank brings Treasury Prime’s banking network to over a dozen, adding to their rapidly growing base of available deposits within the banking network.
“As a modern banking platform, one of our key differentiators, and something our customers highly value, is our network of banks because it gives fintechs the flexibility they want and the scalability they want. By adding FirstBank, we have partnered with a financial institution that meets all the key criteria to thrive in our network and provide businesses looking for integrated financing,” said Chris Deanco-founder and CEO of Treasury Prime.
FirstBank is among the top financial institutions on a Jack Henry core to take advantage of Treasury Prime’s integrated financing solutions. The Tennesseefinancial institution based in more than $12.7 billion in assets expands its customer base by providing integrated financing to Fintech, Payments and InsureTech.
“Treasury Prime’s technology allows us to enhance what we offer our clients and extend our reach to companies looking for integrated financial partners. We believe that integrated banking solutions, such as what Treasury Prime offers, are at the forefront of helping the banking industry be more accessible, inclusive and compliant,” said Wade PeeryChief Innovation Officer of FirstBank.
The partnership with FirstBank comes just months after Treasury Prime announced a similar relationship with TexasThird Coast Bank. The company plans to make additional announcements regarding its banking network in the coming weeks.
For more information on Treasury Prime and to learn more about its BaaS network, visit https://www.treasuryprime.com/.
About Treasure Prime
Treasury Prime is building the future of finance. Leveraging its award-winning APIs and versatile Banking as a Service (BaaS) products, Treasury Prime enables fintechs, banks and partner companies to innovate, adapt, grow and evolve to stay competitive. in a rapidly changing market. The company helps fintechs with a range of complex services, including money transfer, risk mitigation and access to chartered bank infrastructure. Treasury Prime works with forward-thinking banks to expand their borders, helping to increase revenue and lower the cost of deposits. Treasury Prime was named Best Banking Platform as a Service in the 2021 Tearsheet Embedded Awards and named to CB Insights’ annual 2021 Fintech 250 list.
NashvilleFirstBank, a wholly owned subsidiary of FB Financial Corporation (NYSE: FBK), is the third largest Tennessee-bank headquartered with 83 full-service branches Tennesseesouth central Kentucky, Alabama and North Georgia, and a national mortgage company with offices throughout the Southeast. The bank serves five of the major metropolitan markets in Tennessee and, with about $12.7 billion of total assets, has the necessary resources to provide a full range of financial services and products.
SOURCE Treasury premium