The Bank Note
Connecting with Shareholders of Alliance Bank Central Texas
February 2019
Message from Todd Moore
I enjoyed seeing many of you at our annual shareholders' meeting. One of the highlights from the meeting was Senior Operations Officer Clarence Hennig’s presentation on streamlining the process for transferring deposit accounts to Alliance Bank Central Texas. In 2018, he and his team worked with a multi-national company to share how technology could save them money, improve allocation of human resources and improve controls. We can do the same with you and those you refer to us. Deposit growth will be an important part of augmenting earnings in 2019. Please give us the opportunity to improve your level of banking service and save you money, while also increasing the value of your bank investment!
Growing Deposits w/ Cash Management Services
We know that changing your commercial banking relationship can be difficult, but we are here to help. At Alliance Bank Central Texas, we strive to remove the obstacles that make this a challenging process. Our Cash Management suite of products, detailed below, bring leading edge technology to your back-office; however, the key difference in our offering is the dedicated team of professionals that will assist you during the transition.
Alliance Bank Central Texas’ Cash Management (CM) product is a secure Internet based suite of products designed for security, efficiency and ease of use.
RECEIVABLES MANAGEMENT
Managing receivables through CM reduces the float on collected payments which increases your cash flow. Using a combination of ACH and Wire Transfers as remittance options, as well as, Remote Deposit Capture (RDC) for checks received, CM will reduce back-office burden and add efficiency to accounts receivables.
PAYABLES MANAGEMENT
Expenses associated with paying vendors with paper checks continue to increase due to personnel and processing costs. Using CM can eliminate most, if not all, paper checks through a combination of ACH and Wire Transfer payments. Electronic payments are secure, convenient and timely.
INFORMATION MANAGEMENT
The CM products includes Positive Pay and Account Reconciliation for information management and fraud prevention. Positive Pay for both ACH and checks reduces account fraud by providing information for review on items presented for payment. Upon review, the client makes the “pay or return” decision prior to item processing. At month-end, the client can quickly reconcile all accounts by using the built in reconciliation module.
LIQUIDITY MANAGEMENT
CM provides access to all your Alliance Bank Central Texas accounts via a secure Internet connection. With our “at a glance” summary of account balances, you can manage account balances with intra-day transfers. In addition, we can offer nightly “sweeps” between accounts to manage balances and reduce expenses.
ACCOUNT SERVICES
Alliance Bank Central Texas has additional services to enhance your CM experience and lower your overall administrative costs, including:
- Payroll Processing and Employee Accounts using our “Go Green Campaign”
- Corporate Credit Cards with transaction export features.
- Merchant Processing with a full suite of payment platforms.
OUR COMMITTMENT
We know that change is difficult, so we have resources to assist moving your commercial banking relationship to Alliance Bank Central Texas.
- Review – We have a team of professional bankers that will review your current processes and match those to our products and services. At your option, this can be an on-site process where our teams work side by side.
- Implementation – Our team will come on-site during the conversation process to ensure a seamless transition to our products and services. From system access to file processing, we will guide your team through the CM process.
- Support – We will ensure that you have a dedicated employee assigned to your account for on-going support. Should any issues arise, you will have a direct line for support.
For additional information on Cash Management Services, call Clarence Hennig at 254.741.8060.
Financial Update
2018 was the most profitable year in the bank’s history with solid, competitive growth trends.
- Net Income of $1,844M; increase of 34% over 2017
- Pre-Tax and Pre-Provision earnings were up 40%
- Loans were up 18%, assets 21%, deposits 21% and non-interest bearing deposits 23%
Welcome Tanner Moore
Tanner Moore joined us in January as Executive Vice President, with a focus on commercial and real estate lending. Serving Waco's community and commercial banking market for over 15 years, Tanner brings a wealth of experience in production and management to our team.
New Headquarters
Conveniently located in Woodway, the new two story headquarters will be home to 17,000 square feet of banking innovation, complete with full service teller pods, coffee bar, wi-fi and more. Follow us on Facebook and Twitter for the latest construction photos and more!
Student Loans
Looking for a hassle free, low cost way to fund college expenses? We have resources for you! Avoid completing a FAFSA and start making principal and interest payments immediately. Email Clarence Hennig to learn how easy it was for him to apply for a loan for his daughter's college education via Brazos Higher Education.
Todd Moore
President & CEO
Cell Phone: 254.722.2300
About Alliance Bank Central Texas
Alliance Bank Central Texas is a community bank founded by a local board of directors, owned by a diverse group of over 200 shareholders, and operated by seasoned bankers, most of whom have spent their entire careers in Waco. In less than ten years it has seen assets grow from $35 million to over $300 million. The bank is focused on helping entrepreneurs, professionals and residents, and understands the condition of the local market. It feels real value is created through people connecting personally with their bankers, versus simply having transactions with a bank. Alliance Bank Central Texas provides a full range of financial services including business, personal and mortgage loans. It also provides a variety of deposit products and services including commercial, personal and certificates of deposits along with electronic banking, mobile deposit and cash management services.
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