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Consultation Services

ACBB doesn’t partner with just anyone. That’s why in choosing partners we performed extensive due diligence based on extremely high standards. We are happy to partner with the following respectable and superior firms so that we can offer you a full array of consultation products and services.


BITS

 

BITS provides best-in-class telecommunications services. They offer a complete platform of next generation telecommunication services, specifically developed to simplify banks’ technical, operational, and regulatory requirements. Our services provide cost savings, unmatched efficiency, risk reduction, streamlined solutions, and peerless, always-on customer support.

 

Check Printing Contract Consulting horizontal 001

 

CPCC negotiates check printing contracts on behalf of financial institutions.  Our principal, Jim Schartman was a top sales performer for one of the country's largest check printing companies for more than 32 years.  Since early 2015 we have impartially negotiated check printing contracts on behalf of nearly 40 banks.  The vast majority of our clients choose to stay with their current vendor and enjoy net savings of 40% or more. There are no out of pocket costs to the bank - the check vendor funds our entire consulting fee.  We offer your bank a free, no obligation Opportunity Analysis that will provide a specific projection of your bank's potential savings.  Common five year contract savings for a bank with 30,000 checking accounts is $500,000 or more.  


Compliance Anchor

 

Compliance Anchor provides you a lifeline with education and resources to see you through the compliance storm. Designed by Compliance & BSA experts and attorneys, Compliance Anchor offers insights into the most critical compliance issues facing community banks and can save you hundreds of hours reading and research. Our services include: Over 35 sessions annually, unlimited use & archived sessions, direct access to ACBB's compliance and BSA experts, many sessions qualify for CRCM and CAMS credits, network with community banks across the northeast.

 

FinPro

 

FinPro is a full service management consulting firm specializing in providing advisory services to the financial institutions industry. An industry leader in strategic planning, board retreat moderation, planning, enterprise risk management, leadership and education, corporate governance, market feasibility, de novo bank formation, asset/liability management, and regulatory consulting, FinPro also conducts M&A through its wholly owned subsidiary, FCA, as a FINRA registered broker/dealer.


FNBB Capital

 

FNBB Capital Markets provides Investment, Portfolio Accounting and Asset/Liability Management Services.

 

 


Contact us to learn more.

BITS

BITS is a telecommunications services provider exclusively catering to the community financial services industry. We offer a complete platform of next generation telecommunication services, specifically developed to simplify banks’ technical, operational, and regulatory requirements. Our services provide cost savings, unmatched efficiency, risk reduction, streamlined solutions, and peerless, always-on customer support.

BITS is funded and owned by ACBB. Our services are highly customized to help community financial institutions improve their efficiency ratios by reducing existing costs for all voice, data, internet, network security, core, and ATM circuits.

The company is an exclusive co-operative, which operates on a small profit margin. Our unique ownership provides the insight needed to understand and address the unique challenges facing community financial institutions.

To date, BITS customers have saved a significant amount of money on their second largest non-interest expense, after salaries and benefits. Savings (at times) have translated to six or even seven figures over a contract term.

BITS reduces the regulatory burden financial institutions encounter. BITS is Service Organization Control (SOC) 2 Compliant and endorsed by multiple Bankers Banks and State Banking Associations.

More than 100 community financial institutions have already benefited from our services.

 

BITS now offers three solutions

Voice and Collaboration Solution: BITS has customized a complete communication and collaboration platform based on the unique requirements of the community financial services industry. With a Cisco powered hosted phone solution and carrier level voice connections residing in both BITS Datacenters, there is no need for capital intense phone systems and expensive phone lines at any of your locations.

Our solution ensures the highest quality voice, a scalable and customizable design, feature rich options, an enterprise class phone system, and voice circuit redundancy.

Network Solution: The underlying telecommunications network lays the foundation for every bank’s ability to quickly and efficiently route all critical applications, such as loan, email, and core processing. At BITS, we understand that time is money and the importance of a strong secure foundation, that’s why the BITS Network Solution has been built with:

  • Backbone fiber network
  • Security as our number one priority
  • Existing data connectivity established with core and ATM providers
  • Unmatched Availability of Five 9’s Uptime (99.999%) and redundancy through automatic circuit failover
  • Wholesale carrier pricing model for data circuits

Complete Solution: Our complete solution combines our Voice (phone), Collaboration and Network Solutions to develop the most comprehensive service offering tailored to community financial institutions. We enable efficient communications and collaboration by providing:

  • One contract for all services, simplifying vendor management and compliance oversight.
  • Single flat fee invoice for all voice and data services.
  • One vendor to contact for resolution of all voice, network, and security related issues.
  • The highest quality voice, over our private and trusted network.
  • Secure managed network for branch and office connectivity.
  • Centralized Network Security protection and optimized internet access.
  • Remote connectivity solutions.
  • Centralized connectivity to core processors and other service providers.

Our entire solution is delivered with built-in security and redundancy from the branch location to the BITS Datacenter, with around-the-clock monitoring.

Looking to upgrade your Hardware (phone system, firewall, routers, switches), or Telecom Contracts (Internet, voice, data, core circuits)? Contact us to discuss how we can help you get back to focusing on your core business functions. Or visit our website www.bits.us

Contact: Christian Ericson, Head of Sales/CMO
e: This email address is being protected from spambots. You need JavaScript enabled to view it.
p: (973) 474-1828
888-400-BITS

DeNovo/Escrow Services

  • We offer organizational lines of credit to finance organizing and pre-opening expenses as documented in the Offering Circular.
  • Directors can also take advantage of our bank stock loan program for their purchase of stock in the to-be-formed bank.
  • We provide escrow services for the safekeeping of subscriber funds for their purchase of the bank/bank holding company stock. Each subscriber is treated as a sub-account, allowing ACBB to track not only each subscriber’s investment but also any interest accrued on each subscription purchase.

We provide you with a subscriber database, which is accepted by most transfer agents to print and electronically record the stock certificate information.

Contact Us for more information.