The launch of Rising Bank has resulted in the same deposit growth as building 10 new branches. 

Dale Oberkfell, President & CFO

Dale Oberkfell, President & CFO
Digitally reinventing a 113 year old community bank

Digitally reinventing a 113 year old community bank

Created a digital-only brand (Rising Bank), with a goal to grow deposits and expand the bank’s footprint from St. Louis, nationally.

  • MANTL’s strategic and tactical advice was critical in the success of the launch
  • Deployed Rising Bank in 3 months and achieved 75% of deposit goal within 10 weeks
  • Allowed the bank to replace wholesale funding with core deposits and raised additional deposits to fund loan growth
  • Established a new, long-term and proprietary national growth channel
  • Requires 10% of the staffing of a physical branch.

 We couldn’t be happier about our decision to partner with MANTL, their market-leading solution has driven significant value to Radius' consumer checking strategy. 

Mike Butler, CEO, Radius Bank

Perfecting a core DDA strategy

Perfecting a core DDA strategy

Radius Bank has implemented a highly successful consumer checking strategy. MANTL replaced Radius’ prior online account opening provider with exceptional results:

  • Driven down Radius’ cost of deposits
  • Increased conversion rate by 2.5x
  • Increased initial funding amount by 3.0x
  • Reduced fraud by 50%
  • Automated BSA/KYC/AML, funding, re-marketing, product service ordering and account booking led to a 7x increase in operational efficiency.
  • Market-leading data and analytics capabilities have allowed Radius to micro-target the most valuable customer segments and further drive marketing efficiency.

 Millions of Americans trust their community and regional banks to manage their financial livelihood. MANTL exists to give these banks the technology they need to grow and thrive. 

Nathaniel Harley, CEO

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