CenterState Bank and Credit Risk Management Make an Online Enterprise Risk Management Application Available to Community Banks

"Executive Risk Management Analytics" Gives Financial Institutions a consolidated view of their risk position in order to graphically understand and manage relative risks. 
Company Release - 11/20/2014 09:21
 

WINTER HAVEN, Fla., Nov. 20, 2014, /PRNewswire/ -- CenterState Banks, Inc. (NASDAQ: CSFL)  and Credit Risk Management, L.L.C. announced today that they will offer a proprietary online application that will provide community banks a suite of analytics to monitor and manage risk. The Executive Risk Management Analytics ("ERMA") application is currently free to all community banks and has credit stress, loan review, probability of default, macroeconomic data, bank performance data and a complete community-bank-specific enterprise risk map. The application starts with high-level macroeconomic and bank call report data and it then overlays proprietary industry and bank-specific data from Credit Risk Management and CenterState Bank to increase accuracy.

 

Risk Likelihood Graphic
 

"Many banks understand they have risk, but now they can compare the impact and likelihood of an event from different risk categories. For example, bankers can see how information security ranks against credit, interest rate and deposit compliance risk," said Chris Nichols, Chief Strategy Officer for CenterState Bank. "Executive Risk Management Analytics gives banks better information in a graphical format that makes the data immediately actionable."

 

For each risk category, the Executive Risk Management Analytics gives banks their score, peer benchmark, and a red/yellow/green position, plus a set of dynamic pros and cons that gives banks a quantified roadmap of how to improve their position.

 

"This is the next evolution in risk management, giving even community banks a practical tool for forward-focused top-of-the-house management.  ERMA is designed to give bank boards and management consistent, comprehensive, and trending perspectives on risks—and opportunities—across the community banking spectrum," said David Ruffin, Co-Founder of Credit Risk Management.  "Now banks, irrespective of their complexity, can have a common framework for substantive conversations, including with regulators, about risk which can only lead to better and safer performance."  

  

For more information, please contact Chris Nichols at 800-481-2443 (cnichols@centerstatebank.com), or Jeff Berkson at 919-573-0256 (jberkson@creditriskmgt.com) or go to http://csbcorrespondent.com/ and register for the Resource Center to get immediate access.

 

About CenterState Banks

 

CenterState Banks, Inc., headquartered in Davenport, Florida, is a $3.6 billion total asset sized bank holding company with a nationally chartered bank: CenterState Bank of Florida. Presently, the Company operates through 58 branches in twenty counties throughout Central Florida, providing traditional deposit and lending products and services to its commercial and retail customers. The Company, through its Correspondent Division, also provides research; an automated SBA platform called SmartBiz; clearing/cash management; fixed income; loan sales services; hedging; foreign exchange; fed funds purchased products; safekeeping; bond accounting; asset/liability; and consulting services to banks. 

 

About Credit Risk Management

 

Credit Risk Management, L.L.C. is a nationwide consulting firm headquartered in Raleigh, North Carolina formed in 1989 to advise community financial institutions on risk management. Credit Risk Management delivers best-in-market loan reviews, portfolio due diligence, quantitative analyses, stress testing, compliance and risk training, underwriting software, and enterprise risk management solutions.

 

CenterState Bank Correspondent Division
 
 Credit Risk Management, LLC Logo
 

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SOURCE CenterState Banks, Inc.