Prophetstown, Ill. – Nov. 6, 2024 – Farmers National Bank, a $870M bank headquartered in Illinois, today announced a partnership with MANTL, a leading provider of account origination solutions, to simplify account opening processes for customers and employees and unlock scalable deposit growth. Farmers National Bank will integrate MANTL’s full suite of omnichannel deposit origination products to its Jack Henry core, empowering businesses and consumers to quickly open new deposit accounts in-branch or online.
With MANTL’s omnichannel technology, Farmers National Bank will be able to bridge the gap between physical and digital channels to facilitate the seamless, secure flow of information and create a better experience for a business or consumer. Digitizing the in-branch account opening experience across its 3-branch network will allow Farmers National Bank to greatly reduce manual processes and vastly improve operational efficiencies at the bank. Reducing the time it takes to open a business or consumer account in person allows bankers to refocus their efforts on relationship-building to deepen and grow key business relationships.
“Farmers National Bank partnered MANTL to offer a seamless account opening experience that will exceed the expectations of our customers,” said Megan Thompson, VP of Deposit Services at Farmers National Bank. “By simplifying processes, we can unlock scalable growth that gets us closer to our deposit-raising goals.”
Farmers National Bank will now be able to automate over 90% of application decisions, including KYC, AML, BSA, product service ordering, funding, and core booking, to create efficiencies and keep manual processes to a minimum.
“By partnering with MANTL, Farmers National Bank will now be able to streamline the account opening experience for both its members and in-branch staff,” said David Carlson, VP of Sales at MANTL. “This will allow their team to focus on expanding into new markets and be in a great position to succeed for years down the line.”
For more information on MANTL or to schedule a demo, please visit: mantl.com/request-a-demo.
For more information on Farmers National Bank and current deposit offerings, please visit: farmersnationalbank.bank
About MANTL
MANTL is a financial technology firm offering omnichannel account origination software for banks and credit unions. Consumer Deposit Origination by MANTL is among the fastest and most performant solutions on the market, empowering net-new prospects to open accounts in under three minutes, enabling existing account holders to open additional accounts with just one click, and reducing fraud by as much as 67%. Business Deposit Origination by MANTL is a first-of-its-kind solution that reimagines account opening for businesses of all sizes by automating up to 97% of application decisions. MANTL customers raise billions in core deposits each month. Founded in 2016, MANTL is a privately held company headquartered in New York with the backing of prominent venture capital investors. For more information, visit mantl.com.
About Farmers National Bank:
Founded in 1902, Farmers National Bank has remained locally owned and managed. The bank’s roots are in agriculture, earning a spot among the top 100 agricultural banks in the United States. However, we offer a complete set of financial services for all types of depositors and borrowers along with Trust and Wealth Management services. Our commitment to the communities we serve extends beyond banking. We actively participate in local events and initiatives embodying the spirit of “A Real Community Bank.”
