About Four Oaks
Headquartered in Four Oaks, NC with an asset size of $720 million. Four Oaks Bank opened in 1912 and became an nCino customer in 2012.
Challenge
Four Oaks sought a single, paperless solution that made finding information easier, streamlined communication and improved transparency during the loan life cycle.
nCino Solution
nCino brought greater efficiency and profitability to Four Oaks by providing a single, centralized means to manage loan production, documentation and performance.
Results
1.98 days in average loan processing turnaround time in Q1 2016; 20% increase improvement in efficiency ratio; 81% average loan approval ratings
"As the bank evolves, nCino evolves with us. It's more of an 'organic' partnership with mutual goals. nCino seems to really grasp the fact that if we're successful they will be successful, hence a true partnership and relationship."
Rocky Herring, Chief Credit Officer