Capital Community Bank, headquartered in Pleasant Grove, has launched a new banking option for financial technology companies.
Quill Bank was created specifically to meet the needs of tech-forward financial companies seeking a brand backed by the parent bank's regulatory, operational and relationship-banking expertise, CC Bank said in its announcement.
"Quill Bank is designed around the proposition that technology with a human touch ensures the best products and services are delivered to consumers in a safe and compliant manner," CC Bank said. The name Quill is a reference to an antique writing instrument and reflects the bank's intention to emphasize relationship-driven banking within a high-tech digital fintech space. The brand will launch under the banner "Your fintech, our banking backbone."
"The fintech space is driven by innovation, but innovation without a solid banking backbone can be a liability," said Andrew Cusick, CCBank's chief business development officer. "Quill Bank exists because the fintechs we work with deserve a brand that reflects the institution standing behind them, one with tested experience, real relationships and know-how. We're delivering Quill to be the type of bank that makes fintech programs not just possible but credible."
"We've always believed that banking done right is built on relationships and reputation. Quill Bank is our way of bringing that philosophy to the fintech sector," added Mike Watson, CCBank's CEO.
Quill Banks launch date is June 30, when the Quill.Bank website will go live.
Founded in 1993, CCBank is a community bank with branch offices in Salem, Provo, Orem, Pleasant Grove, Sandy, Spanish Fork and St. George.
