Contract Negotiations Case Study
Third Coast Bank
Executive Overview
Headquartered in Texas, Third Coast Bank (TCB) was established in 2008 to provide personal services and community investment to its customers based on a foundation of grassroots values and an entrepreneurial spirit.
Challenges
• Controlling expenses during rapid growth
• Needed ability to scale with the current digital account opening solution
• Underutilization of cloud banking service
Solutions
• Cornerstone Contract Negotiation Services
Results Achieved
Saved
Saved TCB more than $1.14 million
on a 5-year contract
Removed
Removed annual increase for the life of the contract
Enabled
Enabled TCB to stabilize and more accurately budget digital account opening expenses for the next 5 years