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Q2 Helps VeraBank Grow and Strengthen Commercial Client Relationships

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Q2 Holdings, Inc. (NYSE: QTWO) has announced VeraBank as the recipient of the 2024 Q2 Excellence Award - Bank of the Year. This recognition comes after VeraBank achieved record results in its first full year using Q2's digital banking platform. The $4 billion community bank, headquartered in Henderson, Texas, saw remarkable growth, including a 120% increase in commercial accounts and a 97% rise in treasury product sales.

VeraBank's success story highlights the impact of Q2's single platform for consumer and commercial banking, which has streamlined and enhanced the customer experience. The bank leveraged Q2's Innovation Studio and pre-integrated fintech Marketplace partners to gain a competitive edge in the market. VeraBank's leadership emphasizes the importance of partnering with a best-in-class digital banking provider to compete effectively in today's market.

Q2 Holdings, Inc. (NYSE: QTWO) ha annunciato VeraBank come destinataria del Q2 Excellence Award 2024 - Banca dell'Anno. Questo riconoscimento arriva dopo che VeraBank ha ottenuto risultati record nel suo primo anno completo di utilizzo della piattaforma di banking digitale di Q2. La banca comunitaria da 4 miliardi di dollari, con sede a Henderson, Texas, ha registrato una crescita straordinaria, con un incremento del 120% nei conti commerciali e un aumento del 97% nelle vendite di prodotti di tesoreria.

La storia di successo di VeraBank evidenzia l'impatto della piattaforma unica di Q2 per il banking al consumo e commerciale, che ha semplificato e migliorato l'esperienza del cliente. La banca ha sfruttato lo Innovation Studio di Q2 e i partner del fintech Marketplace pre-integrati per ottenere un vantaggio competitivo sul mercato. I leader di VeraBank sottolineano l'importanza di collaborare con un fornitore di servizi bancari digitali di prim'ordine per competere in modo efficace nell'attuale mercato.

Q2 Holdings, Inc. (NYSE: QTWO) ha anunciado a VeraBank como la recipiendaria del Premio a la Excelencia Q2 2024 - Banco del Año. Este reconocimiento llega después de que VeraBank lograra resultados récord en su primer año completo utilizando la plataforma de banca digital de Q2. El banco comunitario de 4 mil millones de dólares, con sede en Henderson, Texas, experimentó un crecimiento notable, incluyendo un incremento del 120% en cuentas comerciales y un aumento del 97% en las ventas de productos de tesorería.

La historia de éxito de VeraBank resalta el impacto de la plataforma única de Q2 para la banca de consumo y comercial, que ha simplificado y mejorado la experiencia del cliente. El banco aprovechó el Innovation Studio de Q2 y los socios del fintech Marketplace preintegrados para obtener una ventaja competitiva en el mercado. El liderazgo de VeraBank enfatiza la importancia de asociarse con un proveedor de banca digital de primer nivel para competir eficazmente en el mercado actual.

Q2 Holdings, Inc. (NYSE: QTWO)는 VeraBank를 2024 Q2 우수상 - 올해의 은행 수상자로 발표했습니다. 이 인식은 VeraBank가 Q2의 디지털 뱅킹 플랫폼을 사용한 첫 해에 기록적인 성과를 달성한 후에 이루어졌습니다. 텍사스 헨더슨에 본사를 둔 40억 달러 규모의 커뮤니티 은행은 상업 계좌에서 120% 증가와 재무 상품 판매에서 97% 증가라는 놀라운 성장을 보였습니다.

VeraBank의 성공 사례는 소비자 및 상업 뱅킹을 위한 Q2의 단일 플랫폼이 고객 경험을 간소화하고 향상시킨 영향을 강조합니다. 은행은 Q2의 혁신 스튜디오와 미리 통합된 핀테크 마켓플레이스 파트너를 활용하여 시장에서 경쟁 우위를 확보했습니다. VeraBank의 리더십은 오늘날 시장에서 효과적으로 경쟁하기 위해 최고 수준의 디지털 뱅킹 제공업체와의 협력의 중요성을 강조합니다.

Q2 Holdings, Inc. (NYSE: QTWO) a annoncé VeraBank comme la lauréate du Prix d'Excellence Q2 2024 - Banque de l'Année. Cette reconnaissance survient après que VeraBank a obtenu des résultats record lors de sa première année complète d'utilisation de la plateforme de banque numérique de Q2. La banque communautaire de 4 milliards de dollars, basée à Henderson, Texas, a connu une croissance remarquable, avec une augmentation de 120 % des comptes commerciaux et une hausse de 97 % des ventes de produits de trésorerie.

L'histoire de succès de VeraBank met en évidence l'impact de la plateforme unique de Q2 pour la banque de consommation et commerciale, qui a rationalisé et amélioré l'expérience client. La banque a tiré parti du Innovation Studio de Q2 et des partenaires pré-intégrés du marché fintech pour obtenir un avantage concurrentiel sur le marché. La direction de VeraBank souligne l'importance de s'associer à un fournisseur de services bancaires numériques de premier plan pour concurrencer efficacement sur le marché actuel.

Q2 Holdings, Inc. (NYSE: QTWO) hat VeraBank als Empfänger des Q2 Excellence Award 2024 - Bank des Jahres bekannt gegeben. Diese Anerkennung erfolgt, nachdem VeraBank im ersten vollen Jahr der Nutzung der digitalen Banking-Plattform von Q2 Rekordergebnisse erzielt hat. Die 4-Milliarden-Dollar-Community-Bank mit Sitz in Henderson, Texas, verzeichnete ein bemerkenswertes Wachstum, darunter einen 120% Anstieg bei Geschäftskonten und einen 97% Anstieg bei den Verkäufen von Treasury-Produkten.

Die Erfolgsgeschichte von VeraBank hebt die Auswirkungen der umfassenden Plattform von Q2 für Privat- und Geschäftskunden hervor, die das Kundenerlebnis optimiert und verbessert hat. Die Bank nutzte das Innovation Studio von Q2 und vorintegrierte Fintech-Marktplatzpartner, um sich einen Wettbewerbsvorteil auf dem Markt zu verschaffen. Die Führung von VeraBank betont die Bedeutung der Zusammenarbeit mit einem erstklassigen Anbieter digitaler Bankdienstleistungen, um im heutigen Markt effektiv zu konkurrieren.

Positive
  • VeraBank achieved 120% growth in commercial accounts after implementing Q2's platform
  • Treasury product sales increased by 97% following the adoption of Q2's digital banking solutions
  • VeraBank gained access to Q2's Innovation Studio and pre-integrated fintech Marketplace partners
  • Q2's platform enabled VeraBank to streamline and enhance its customer experience
Negative
  • None.

VeraBank recognized as 2024 Q2 Excellence Award Bank of the Year for achieving impactful customer and strong business outcomes

AUSTIN, Texas--(BUSINESS WIRE)-- Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, today announced VeraBank as the 2024 Q2 Excellence Award - Bank of the Year for achieving record results in its first full year after implementing Q2’s digital banking platform. The annual Q2 award program recognizes financial institutions for their commitment to digital innovation, community impact and transforming the customer experience.

With Q2’s single platform for consumer and commercial banking, VeraBank streamlined and enhanced its customer experience and grew its commercial accounts by 120 percent and treasury product sales by 97 percent.

Founded in 1930, $4 billion VeraBank is a privately owned community bank headquartered in Henderson, Texas. In 2022, VeraBank switched to Q2’s industry-leading digital banking platform and began leveraging the Q2 Innovation Studio and Q2’s pre-integrated fintech Marketplace partners to quickly gain a competitive edge.

“This recognition highlights VeraBank’s relationship banking approach and our commitment to developing innovative digital solutions that meet our customers’ evolving needs,” said VeraBank President and CEO Brad Tidwell. “Q2 is an industry leader in digital transformation, and in today’s competitive market, it is imperative that financial institutions like ours evolve to stay relevant and grow.”

“At VeraBank, we are fully committed to not only meeting but exceeding our customers’ expectations,” said VeraBank Director of Business Banking & Senior Vice President Michael Purifoy. “In the past year, we completely re-imagined our digital front door for customers, and our partnership with Q2 played a pivotal role in delivering a best-in-class online experience.”

“Our results speak for themselves,” said VeraBank President and CEO Brad Tidwell. “If we don't have the best digital banking partner, we cannot compete in today’s market. We moved all our online banking services to Q2 because Q2 is best in class, and if we're going to spend money on technology, we want best-in-class services.”

“Technology is the great equalizer in today’s digital banking landscape, and VeraBank is a true innovator among its peers,” said Q2 Chief Product Officer Katharine Briggs. “VeraBank's success story with Q2's digital banking platform underscores the transformative potential of innovative technology in driving growth, efficiency and customer satisfaction.”

To learn more about Q2’s digital banking platform: https://www.q2.com/

Learn more about VeraBank’s success story: Watch the video

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 U.S. and internationally. Q2 enables its financial institution and fintech customers to provide comprehensive, data-driven digital engagement solutions for consumers, small businesses and corporate clients. Headquartered in Austin, Texas, Q2 has offices worldwide and is publicly traded on the NYSE under the stock symbol QTWO. To learn more, please visit Q2.com. Follow us on LinkedIn and X to stay up to date.

About VeraBank, Inc.

VeraBank, Inc. is privately owned and serves as the bank holding company for VeraBank, N.A. a community bank that serves 19 counties in East, Central and Southeast Texas with 550+ employees, a network of 39 conveniently located branches, $4.1 billion in assets, and trust assets under management of approximately $1.1 billion. Since 1930, VeraBank has remained committed to genuine banking, providing excellent personal service with the latest in banking technology. Visit us online at verabank.com. Member FDIC.

Q2 Media Contact:

Jean Kondo

Q2 Holdings, Inc.

Mobile: 510-823-4728

Jean.kondo@q2.com

VeraBank Contact:

Robin Gibson

AVP, Marketing Manager

VeraBank

903-657-8521

rgibson@verabank.com

Source: Q2 Holdings, Inc.

FAQ

What award did VeraBank receive from Q2 Holdings in 2024?

VeraBank received the 2024 Q2 Excellence Award - Bank of the Year from Q2 Holdings, Inc. (NYSE: QTWO) for achieving record results in its first full year after implementing Q2's digital banking platform.

How much did VeraBank's commercial accounts grow after implementing Q2's platform?

VeraBank's commercial accounts grew by 120% after implementing Q2's digital banking platform.

What was the increase in VeraBank's treasury product sales after adopting Q2's solutions?

VeraBank's treasury product sales increased by 97% after adopting Q2's digital banking solutions.

What is the asset size of VeraBank mentioned in the press release?

VeraBank is mentioned as a $4 billion privately owned community bank headquartered in Henderson, Texas.

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