D+H Compushare customer recognized for Innovation

SEATTLE, March 28, 2013 / BUSINESS WIRE/ – Fortune Bank, a community bank headquartered in Seattle, announced today that they are the recipient of the “Innovative Community Bank of the Year” award presented this week by Western Independent Bankers (WIB) at their Annual Bank Conference for Bank Presidents, Senior Officers & Directors in Kauai, Hawaii.

A panel of fourteen industry experts selected finalists from nominations in three asset-sized categories. Fortune Bank received the top award for small community banks in the under $250 million in assets category. Fortune Bank’s “Cloud Solution to replace an aging bank computer network infrastructure” was seen as an innovative solution as opposed to rebuilding and replacing equipment in an expensive internal network.

“These Innovative Community Banks of the Year Awards represent ways in which community banks are paving the way to innovation in community banking,” said Nancy Sheppard, President and CEO of WIB. “The nominated banks and finalists are prime examples of the way in which innovation and service can successfully meet.”

Fortune Bank officially launched the Compushare C3 Cloud Solution in summer 2012 and has been able to replace its local server infrastructure and realize the benefits of having centralized data and secure application access from anywhere. The web-enabled solution allows all bank employees secure access to all approved bank applications and files through the web portal at any time from any location.

“We looked at all available options including a complete rebuild of our existing network and determined that a Cloud Solution was the best alternative for us,” said David Straus, President and CEO of Fortune Bank. “We decided to go with Compushare’s C3 web-enabled solution that would provide secure access to all of our bank applications through a secure web portal.”

Compushare is honored to have Fortune Bank as a C3 client and even more pleased to see them recognized for using this innovative solution to drive their business ,” said Romir Bosu, CEO, Compushare. “The benefits of cloud computing are significant to community banks and we are proud to have provided a solution to help small banks avoid unnecessary costs.”

About Fortune Bank

Fortune Bank is a full service community bank headquartered in Seattle, WA focused on providing a complete range of advanced mobile banking and financial services to smaller businesses, professionals and executives. Fortune Bank was founded in 2006 and is recognized as one of the leading SBA lenders in the northwest. For more information go to www.fortunebankwa.com.

About Western Independent Bankers

Western Independent Bankers (WIB) has been helping community bank executive management and board members for 75 years. WIB has community bank members in nine western states in addition to an array of community bank service providers. For more information go to www.wib.org.

About Compushare

Compushare is the leading provider of high quality, innovative technology and compliance solutions for the financial market. Learn more about Compushare, Inc. at www.compushare.com.