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

Dale Oberkfell, President & CFO

Dale Oberkfell
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.

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 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. 
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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.

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 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. 
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Nathaniel Harley, CEO

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