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Contract Negotiations Case Study

Third Coast Bank

Third Coast Bank building

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

 

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

 

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