| How they describe themselves:
cbanc has pioneered the use of collaboration and social network among financial industry professionals to create a free, secure financial services-centric online community where bank and credit union professionals can ask, answer and share industry-related information - making it the largest repository of banker-authored, board-approved, exam-tested content on the Internet. This virtual free market of intellectual property, containing policies, procedures, agreements, and best practices from every department of a financial institution, has saved banks and credit unions approximately 40,000 hours of work with an equivalent dollar value of approximately $2.5 million in wages.
How they describe their product/innovation: We plan to show how bankers are by-and-large too busy, too risk-adverse and too protective of their efforts to willingly, reliably give away their hard work online to seekers in a discussion forum. However, they will share their intellectual property when the risks are controlled and the right incentives are in place. We'll demonstrate how this virtual marketplace
- motivates people from every job function to share their best work
- uses points as its currency to incentivize users
- helps financial institutions prepare for exams
- protects members around legal and competitive concerns of sharing.
Key Executives: Hank Seale (CEO & Founder), Myers Dupuy (President)
Key Board Members: Chuck Doyle (Chairman of Texas First Bank)
Key Advisory Board Members: Paul Reymann (Chief Risk Manager, The Heit Group), Ruth Razook (CEO, RLR Management), Lee Wetherington (Director of Strategic Insight, ProfitStars), David Peterson (Founder of GoldLeaf, CEO of i7 Strategies), Bill Kane (Bank CFO with 30 Years FDIC exam experience), Tom Bengston (Publisher, NorthWestern Financial Review), Pete Stackpole (CEO, Stackpole Partners)
Key Partnerships: 18 state banking associations as well as the Independent Community Bankers of America
Key Customers: Each of the 5,000 cbanc users is confirmed as an employee of a domestic financial institution.
Contacts:
Bus. Dev.: Myers Dupuy, President, mdupuy@cbancnetwork.com, 512-685-2036
Press: Marnie Keller, Channel Sales and Marketing, marnie@cbancnetwork.com, 202-329-3170
Sales: Hannah Day, Membership Growth, hday@cbancnetwork.com, 512-685-2068
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