Peoples Bank will overhaul its online account opening processes and digitize the experience across its 26-branch network to create operational efficiencies, drive deposit growth at scale and vastly improve the customer experience
Munster, IN – March 26, 2025 – Peoples Bank, a $2B bank with 26 branches across Indiana and Illinois, today announced a partnership with MANTL, a leading provider of account origination solutions, to enhance its deposit onboarding experience for businesses and consumers and continue Peoples Bank’s goal of becoming an industry leader in the digital space. Peoples Bank will leverage the full MANTL suite of deposit origination products to remove friction from its current account opening process, empowering businesses and consumers to quickly open new deposit accounts on any device or channel, including online, on a mobile app, in the field or in-branch.
With MANTL’s omnichannel deposit origination technology, Peoples 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 businesses or consumers. Peoples Bank will overhaul its current online account opening processes, allowing consumers to open a new deposit account in three minutes or less and businesses to open a new deposit account in 10 minutes or less. Digitizing the in-branch account opening experience will allow Peoples Bank to greatly reduce manual processes and vastly improve operational efficiencies at the bank. Streamlining the in-person account opening process allows bankers to refocus their efforts on relationship-building to deepen and grow key business and consumer relationships.
“We’ve been searching for the right partner to help us elevate our digital account opening experience, and MANTL offers everything we need to reach our goals,” said Julie Bonnema, Senior Vice President, Digital Transformation Manager at Peoples Bank. “Their high-quality, innovative platform supports our commitment to creating exceptional customer experiences — streamlining processes and improving efficiency at all touchpoints so that our teams can focus on deepening customer relationships. It’s a smart, secure solution that helps us better serve our customers and support the forward momentum of their finances.”
Peoples 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 minimize manual processes.
“In today’s digital age, it’s critical to deliver a consistent, digital-first experience across any banking channel,” said David Carlson, VP of Sales at MANTL. “MANTL is thrilled to help Peoples Bank reimagine deposit account opening online and across its 26-branch network to unlock deposit growth, improve operational efficiency, and create a better experience for businesses, consumers, and employees.”
For more information on Peoples Bank and to view current deposit offerings, please visit: https://www.ibankpeoples.com/
For more information on MANTL or to schedule a demo, please visit: https://www.mantl.com/request-a-demo/.
About MANTL
MANTL is a financial technology firm offering the industry’s first Relationship Banking Platform. MANTL’s unified account origination technology empowers banks and credit unions to seamlessly open loan and deposit accounts on any banking channel in real time. MANTL Deposit Origination is among the fastest and most performant solutions on the market; consumers can open a new deposit account in under three minutes, businesses can open a new deposit account in under 10 minutes, and MANTL customers raise billions in core deposits each month. MANTL Loan Origination simplifies each step in the loan process, automating up to 100% of loan application decisions to ensure a smooth, high-quality experience from personal loans to business financing. Founded in 2016, MANTL is a privately held company headquartered in New Jersey with the backing of prominent venture capital investors. For more information, visit mantl.com or follow MANTL on LinkedIn.
About Peoples Bank
Headquartered in Munster, Indiana, Peoples Bank is a locally managed community bank offering a full line of personal, business, and wealth management services. Established in East Chicago in 1910, the Bank is committed to delivering exceptional service and personalized solutions to customers across Northwest Indiana and Chicagoland. With 26 Banking Centers across its Indiana and Illinois footprint, Peoples Bank supports the growth and success of its communities through meaningful relationships, financial expertise, and accessible banking.
To learn more about our services, locations, and how we’re helping individuals and businesses move forward with confidence, visit www.ibankpeoples.com.
