Chesapeake Bank Selects Q2’s Digital Banking Platform to Deliver “Best-in-Class” Commercial Banking Technology
10 September 2020 - 3:15PM
Business Wire
Mobile-Friendly, Secure, Easy-to-Use Technology
Improves Financial Experiences for Chesapeake’s Business
Customers
Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital
transformation solutions for banking and lending, and Chesapeake
Bank, a community bank serving central and eastern Virginia, today
announced Chesapeake Bank has implemented Q2’s “best-in-class”
commercial banking technology to improve the financial experiences
of its business customers.
Chesapeake Bank believes that a strong community bank requires a
strong community. They focus on supporting consumers and small
businesses with deposit and lending services in Virginia’s Northern
Neck, Middle Peninsula, Williamsburg, and Richmond areas.
Chesapeake’s biggest differentiator is localized, personal service,
and they sought a digital platform that could help them deliver on
that promise of service with a competitive digital user experience.
The bank treated their digital evaluation as an opportunity to hone
their go-to-market strategy, focusing their digital investment in
the areas that are most important to Chesapeake’s growth plans.
“Our customers expect the same type of digital experience of
their banking solutions that they have with Amazon, Netflix, and
Google. Providing a complete, mobile-friendly, easy-to-use digital
banking experience is an important step for us,” said Chesapeake
Bank Chief Information Officer DJ Seeterlin. “Q2 worked as a team
throughout the implementation process and became a true partner in
our success – going above and beyond to ensure their approach is
aligned with our strategy while collaborating with us to exceed our
customers’ expectations. We know we have the infrastructure and
processes in place to adapt to the constant and evolving needs of
our account holders.”
Recognized by Aite Group for the third time as one of the
leading providers of U.S. cash management technology, Q2 was
selected because of its comprehensive, secure, data-driven digital
banking platform, which will enable Chesapeake Bank to be at the
forefront of technology for its business account holders. Q2’s
commercial suite will allow Chesapeake to go up-market and grow
deposits and revenue with fee-generating commercial services while
providing a tailored experience to their broad set of business
customers. Because of this new, feature-rich digital service
platform, the bank’s experienced commercial banking team has
increased capacity to focus on personal interaction that drives
value and growth in their commercial relationships.
“Chesapeake Bank is exactly the kind of bank we look to partner
with as the world contemplates a new, digital-first ‘normal,’” said
Will Furrer, Q2’s Chief Marketing and Strategy Officer. “They’re
focused on positive community impact, committed to understanding
their customers deeply and using investing in digital innovation to
serve them. We jointly executed an on-time, on-budget
implementation, and we look forward to driving further
differentiation for the Chesapeake Bank brand through future
digital transformation projects with their talented team for years
to come.”
Q2 is dedicated to building stronger communities by
strengthening the financial institutions (FIs) that serve them, a
mission that aligns with Chesapeake Bank’s objectives. Q2 helps
customers like Chesapeake Bank achieve this by providing
future-proof solutions that help FIs compete and grow.
About Q2 Holdings, Inc.
Q2 is a financial experience company dedicated to providing
digital banking and lending solutions to banks, credit unions,
alternative finance, and fintech companies in the U.S. and
internationally. With comprehensive end-to-end solution sets, Q2
enables its partners to provide cohesive, secure, data-driven
experiences to every account holder – from consumer to small
business and corporate. Headquartered in Austin, Texas, Q2 has
offices throughout the world and is publicly traded on the NYSE
under the stock symbol QTWO. To learn more, please visit
Q2.com.
About Chesapeake Bank
Chesapeake Bank is headquartered in Kilmarnock, Virginia and
operates 15 community banks in the Northern Neck, Middle Peninsula,
Williamsburg, and Richmond regions. Founded in 1900, Chesapeake
Bank is primarily a lender to small businesses and is active in
each of the communities it serves. Named in 2019 by American Banker
as one of the Top 200 Community Banks and a Best Bank to Work For,
Chesapeake Bank employs 235 associates and encourages each one to
live according to the Bank’s “It’s All About Community” approach.
For more information about Chesapeake Bank, visit chesbank.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200910005173/en/
Beth Williams Q2 Holdings, Inc. 1-512-293-6013
beth.williams@Q2.com
Paula Milsted Chesapeake Bank 1-804-435-4248
pmilsted@chesbank.com
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