First Pacific Bank Selects Q2 to Boost its Commercial Banking Offerings
First Pacific Bank, a $430 million community bank serving Southern California, has selected Q2 Holdings (NYSE: QTWO) to enhance its commercial banking capabilities. The partnership will enable First Pacific Bank to deliver enhanced digital banking services through Q2's platform, including high-volume wire origination, Zelle® and FedNow® integrations, and improved fraud protection. The bank aims to strengthen its competitive position while boosting operational efficiency through Q2's solutions.
First Pacific Bank, una banca comunitaria di 430 milioni di dollari che serve il sud della California, ha scelto Q2 Holdings (NYSE: QTWO) per migliorare le sue capacità di banking commerciale. La partnership permetterà a First Pacific Bank di offrire servizi bancari digitali avanzati attraverso la piattaforma di Q2, inclusa l'origine di bonifici ad alto volume, integrazioni con Zelle® e FedNow®, e una protezione antifrode migliorata. La banca mira a rafforzare la sua posizione competitiva, aumentando al contempo l'efficienza operativa tramite le soluzioni di Q2.
First Pacific Bank, un banco comunitario de 430 millones de dólares que atiende el sur de California, ha seleccionado a Q2 Holdings (NYSE: QTWO) para mejorar sus capacidades de banca comercial. Esta asociación permitirá a First Pacific Bank ofrecer servicios bancarios digitales mejorados a través de la plataforma de Q2, incluyendo la originación de transferencias de alto volumen, integraciones con Zelle® y FedNow®, y una mejor protección contra el fraude. El banco busca fortalecer su posición competitiva mientras mejora la eficiencia operativa a través de las soluciones de Q2.
퍼스트 태평양 은행(First Pacific Bank), 4억 3천만 달러 규모의 커뮤니티 은행이 남부 캘리포니아에서 서비스를 제공하며, Q2 홀딩스 (NYSE: QTWO)를 선정하여 상업 은행 기능을 향상시키기로 했습니다. 이 파트너십을 통해 퍼스트 태평양 은행은 Q2의 플랫폼을 통해 고도화된 디지털 뱅킹 서비스를 제공할 수 있게 되며, 대량의 송금 원산지 확보, Zelle®와 FedNow® 통합, 개선된 사기 방지 기능을 포함합니다. 은행은 Q2의 솔루션을 통해 운영 효율성을 높이면서 경쟁력을 강화하는 것을 목표로 하고 있습니다.
First Pacific Bank, une banque communautaire de 430 millions de dollars servant le sud de la Californie, a choisi Q2 Holdings (NYSE: QTWO) pour renforcer ses fonctionnalités de banque commerciale. Ce partenariat permettra à First Pacific Bank d'offrir des services bancaires numériques améliorés via la plateforme de Q2, y compris l'origine de virements à volume élevé, les intégrations avec Zelle® et FedNow®, ainsi qu'une protection améliorée contre la fraude. La banque vise à renforcer sa position concurrentielle tout en améliorant son efficacité opérationnelle grâce aux solutions de Q2.
First Pacific Bank, eine Gemeindebank mit einem Volumen von 430 Millionen Dollar, die Südkalifornien bedient, hat Q2 Holdings (NYSE: QTWO) ausgewählt, um ihre kommerziellen Bankfähigkeiten zu verbessern. Die Partnerschaft wird es der First Pacific Bank ermöglichen, über die Q2-Plattform verbesserte digitale Bankdienstleistungen anzubieten, einschließlich der Hochvolumen-Überweisungsoriginierung, Integrationen mit Zelle® und FedNow® sowie verbesserter Betrugsbekämpfung. Die Bank strebt an, ihre Wettbewerbsposition zu stärken und gleichzeitig die Betriebseffizienz durch die Lösungen von Q2 zu steigern.
- New client acquisition in the commercial banking sector
- Partnership with a $430 million community bank expands market presence
- Integration of multiple high-value services (wire transfers, Zelle, FedNow)
- None.
Insights
This partnership, while strategically positioned, represents a relatively minor business development for Q2 Holdings. First Pacific Bank, with
The partnership reinforces Q2's market position in providing digital transformation solutions to smaller financial institutions, but given First Pacific Bank's size relative to Q2's
First Pacific Bank enhances business services and competitive standing with Q2 partnership
Founded in 2006 as Friendly Hills Bank and rebranded in 2022, First Pacific Bank is a
“As a
In addition to serving customers with innovative technology, First Pacific Bank plans to leverage Q2’s solutions to boost operational efficiency on the backend, streamlining processes for smoother, more effective operations.
Q2’s VP, Product Management, Anthony Ianniciello, said, “The landscape has evolved for businesses and corporations selecting new banking relationships, with technology taking center stage. At Q2, we are committed to helping high-quality banks like First Pacific Bank stand out in fiercely competitive markets through the latest, most robust technology. We look forward to helping First Pacific Bank continue to grow and meet the evolving needs of its clients through an innovation-first strategy.”
To learn more about Q2, click here.
About Q2 Holdings, Inc.
Q2 is a leading provider of digital transformation solutions for financial services, serving banks, credit unions, alternative finance companies, and fintechs in the
About First Pacific Bank
First Pacific Bank is a wholly owned subsidiary of First Pacific Bancorp (OTC Pink: FPBC) and is a growing community bank catering to individuals, professionals, and small-to-medium sized businesses throughout
View source version on businesswire.com: https://www.businesswire.com/news/home/20241121366577/en/
Maria Gari
Q2 Holdings, Inc.
maria.gari@q2.com
Amanda Conover
First Pacific Bank
aconover@firstpacbank.com
Source: Q2 Holdings, Inc.
FAQ
What digital banking services will First Pacific Bank offer through Q2's platform?
How large is First Pacific Bank's asset size partnering with QTWO?
When did First Pacific Bank rebrand from Friendly Hills Bank?
