Citizens Bank of Oklahoma Selects Wolters Kluwer Financial Services’ ComplianceOne Solution

Bank Utilizes Solutions’ Dynamic and User-Friendly Features for Quick, Accurate and Compliant Lending Transactions

MINNEAPOLIS--(BUSINESS WIRE)-- Citizens Bank of Oklahoma announced today it has turned to Wolters Kluwer Financial Services and the company’s ComplianceOne™ solution to help the bank manage regulatory and operational risks. Citizens Bank is using the company’s solution to document lending transactions quickly, accurately and in compliance with all federal and state regulations.

Jane Adler, vice president for Citizens Bank, says her institution takes full advantage of ComplianceOne’s ability to help it customize documents specific to each loan transaction.

“Many of our business loans are extremely complex and a cookie cutter approach to documenting them just won’t work,” Adler said. “Unlike many technology solutions, ComplianceOne provides us with the ability to make all of the necessary changes to lending documents within the system. That’s much easier and faster than leaving it, making the changes to the documents manually outside, and then pushing them into the system.”

Adler says ComplianceOne’s user-friendly approach makes it simple for her staff to document every lending transaction accurately and in compliance with all regulatory requirements.

“It flows very well,” Adler said of ComplianceOne. “It moves us through the documentation we need to complete based upon the specific transaction and jurisdiction and it helps us make sure we enter the correct and necessary information every step of the way.”

ComplianceOne, is built upon the trusted experience and knowledge behind Wolters Kluwer Financial Services’ Bankers Systems solutions and offers institutions seamless access to many of the company’s PCi compliance analytics solutions. For more information on ComplianceOne, please visit the solution’s Web site.

About Citizens Bank of Oklahoma

Citizens Bank of Oklahoma originally known as Bank of Commerce was founded in 1905 by Mr. J.B. Scarborough. In 1909 the bank was sold to Mr. Ed T. Kennedy. In 1922 the bank changed its name to National Bank of Commerce of Pawhuska. In 1935, National Bank of Commerce of Pawhuska purchased Citizens First Bank and merged the two banks and renamed itself National Bank of Commerce in Pawhuska. In 1990, Mr. Edmond T. Kennedy sold control of the bank to a group of Pawhuska investors and businessmen. In May 1991, the bank converted from a national banking charter to a state banking charter and the bank was renamed NBC Bank. In June 2004, the bank was renamed Citizens Bank of Oklahoma. In September of 2004, the bank opened a full service banking facility at 41st and Harvard in Tulsa, Oklahoma. In October 2009 control changed hands to its current ownership.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2008) €3.4 billion ($4.9 billion) and approximately 20,000 employees worldwide. Please visit our Web site for more information.

CONTACT:

Wolters Kluwer Financial Services
Jennifer Marso, 612-852-7912
Director of Corporate Communications
Jennifer.marso@wolterskluwer.com
On Twitter: @JenniferMarso
or
Charles Miller, 320-240-5457
Senior Public Relations Specialist
Charles.miller@wolterskluwer.com
On Twitter: @CharlesWMiller

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