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MidSouth Bank of Tennessee recently deployed software to speed up the process for documenting and calculating the allowance for loan and lease losses.
May 2
Sageworks, a credit-risk management, analysis and valuation solutions provider in Raleigh, N.C., has launched a cloud-based bank and credit union data platform for banks, investors and banking industry vendors.
Sageworks Bank Information provides data about more than 6,000 U.S. banks and 7,000 credit unions, the company said in a press release Wednesday.
A Loan Tracker tool lets users access proprietary bank data on month-to-month changes in loan volume and defaults. It also provides trend data on loan volume and defaults at U.S. banks, according to the release.
A Target data package offered through the platform lets users search across all U.S. banks, sorting by key financial and geographic filters, in order to identify and contact financial institutions that meet their specific criteria.
Another data package, called Analyze, lets customers perform advanced peer-group analysis and track bank performance over time. Data sources include call reports, SEC filings, UBPR reports, enforcement actions, M&A transaction reports and Y-9 forms.
