Crest Enhances CRE Loan Management at First National Bank of Wyoming

 - CRE loan stress testing reports allow bank executives to balance risk against capital -

AUSTIN, TEXAS, JUNE 16, 2011 – Banker’s Toolbox, a leading provider of risk management solutions for community financial institutions announced that Laramie, Wyo.-based First National Bank of Wyoming ($175M in assets) is successfully stress testing its commercial real estate loan portfolio using Crest^TM, a patent-pending automated CRE loan stress testing and management solution.

Before selecting Crest, First National Bank of Wyoming researched available stress testing options seeking a program that would accurately extract information out of the CRE loan portfolio and produce a very clear picture outlining potential areas of concern. It was evident that Crest was the right solution due to its ease of use and the value of the analytics it produces.

With Crest in place, bank executives are benefitting from a flexible loan stress testing and management system that complements existing processes and can be maintained on an ongoing basis. Furthermore, the bank is pleased that their OCC regulators see the value in Crest and have even expressed interest in being further educated on the software.

“I’ve been really impressed with the program, virtually from day one. In fact, even in the preliminary demo stage, I was sold right away,” said Rick Melone, EVP, Chief Credit Officer, for First National Bank of Wyoming. “I knew it would accomplish the results we needed as a small community bank.”

Crest provides automated management capabilities that empower banks to align CRE loan portfolios with regulatory guidance and make intelligent decisions based on the real impact of potential changes in the economy. Melone also praised the intuitive nature of the interface and easy-to read output that empowers their bank to forecast complications and ultimately avoid them.

“Crest was created to grant stability to America’s community financial institutions through sounder lending practices,” said Daniel Cho, CEO of Banker’s Toolbox. “By building tools that give community banks the defenses needed to withstand economic turbulence, we feel we are protecting our communities from the shortage of credit caused by the current banking crisis.”

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About First National Bank of Wyoming
We are a community bank with local ownership in each of the three communities in which we are located: Laramie, WY; Cheyenne, WY; and Fort Collins, CO. Chartered in 1964 and headquartered in Laramie, Wyoming, we provide the “service you deserve” with honest, knowledgeable and friendly personnel. Whether you need commercial or personal banking services, we are here to assist you with all of your banking needs. For more information, visit the company’s website at http://www.fcwebank.com.

About Banker’s Toolbox, Inc.
Austin, TX-based Banker’s Toolbox, Inc., helps banks manage risk and streamline compliance examinations. The company’s product suite consists of proven solutions for money laundering detection and reporting, risk management through fraud and kite prevention, secure wire processing automation, and commercial real estate loan portfolio risk assessment. The Banker’s Toolbox team is a unique combination of seasoned bankers and information technology consultants who specialize in designing, developing and implementing risk management solutions nationwide while providing unparalleled customer service to regional and community banks. For more information, visit the company’s website at www.bankerstoolbox.com.