TowneBank extends and improves its collaboration with Baker Hill NextGen®

city ​​bank selected Baker Hill NextGen® as the vendor of choice for a holistic and integrated SaaS solution to power its business lending and portfolio operations

CARMEL, Ind., July 25, 2022 /PRNewswire/ — Baker Hill, the leading fintech provider providing integrated technology solutions for lending, risk management and analytics, today announced a revitalized collaboration with TowneBank. The community-minded bank will implement Baker Hill NextGen®, Baker Hill’s unified solution that streamlines loan origination and portfolio monitoring.

Founded in 1999, TowneBank is a community-focused financial institution that provides the ultimate in customer service and currently has over 40 banking offices across Hamptons Roads and Central Virginiaas well as the northeast and Central North Carolina. As part of its core commitment to its customers and employees, TowneBank is committed to providing quality premium banking services that house the most efficient technology available. By adapting Baker Hill’s legacy product to Baker Hill NextGen®, TowneBank will continue to build modern lending skills while streamlining banking into the one-solution platform.

“After reviewing our options in the market, we selected the Baker Hill NextGen® Loan Origination product suite,” said Brad Schwartz, President and Chief Operating Officer of TowneBank. “Baker Hill met our timeline requirements for the rapid implementation of consumer, small business, and enterprise loans, as well as all credit and integration components. chose Baker Hill to improve our speed of commitment, our speed of closing and our ease of use for our bankers and members.”

A Baker Hill customer for nearly 20 years, TowneBank’s decision to upgrade to Baker Hill NextGen® was driven by its commitment to investing in the most efficient and advanced financial technology systems available. Baker Hill’s ability to provide a comprehensive consulting services team to deliver expert advice, training and insights along with the ease of use of a single, unified solution has made Baker Hill the unmatched choice. when it came to TowneBank to continue partnering with Baker Hill.

“We are excited to continue expanding our partnership with TowneBank,” said John M. Deignan, President and CEO of Baker Hill. “As the industry moves into the next phase of banking with an increased focus on digital offerings, transforming the way our long-time colleagues serve their clients is the pride of our entire team.”

With over 35 years of industry expertise, Baker Hill provides industry-leading lending and risk management solutions with unparalleled advisory support for community banks and financial institutions.

For more information on Baker Hill NextGen®, visit

About Baker Hill

Baker Hill is the expert loan origination, portfolio management and analytics solution for financial institutions in United States. The company offers a single, unified platform with modern solutions to streamline loan origination and portfolio risk management for corporate, small business and consumer loans. The Baker Hill NextGen® platform also provides sophisticated analytics and marketing solutions that support sound business decisions to mitigate risk, drive growth and maximize profitability.

Media Contact:
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About TowneBank

Founded in 1999, TowneBank is a relationship-based company, providing a full range of banking and other financial services, with the goal of serving others and enriching lives. Dedicated to a culture of caring, Towne values ​​all employees and members by embracing their diverse talents, perspectives and experiences.

Today, the bank operates more than 40 banking offices across Hamptons Roads and Central Virginiaas well as the northeast and Central North Carolina – serve as a local leader in promoting the social, cultural and economic growth of each community. Towne offers a competitive range of business and personal banking solutions, delivered only with the highest ethical standards. Experienced local bankers offering a superior level of expertise and personal attention to local decision-making are essential to TowneBank’s strategy. Towne has developed its capabilities beyond banking to provide expertise through its controlled divisions and subsidiaries including Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices Towne Realty, Towne 1031 Exchange, LLC and Towne The Holidays. With total assets of $16.67 billion of the March 31, 2022TowneBank is one of the largest banks headquartered in Virginia.

SOURCEBaker Hill

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