According to filings with the U.S. Securities and Exchange Commission, BankLabs is raising $5,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Michael Montgomery played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About BankLabs
Our digital and mobile products generate new fee income, attract deposits, and create loan volume for the banking industry. We strengthen community-oriented financial institutions with state-of-the-art technology that enhances in-market relationship banking. Efficiencies naturally result from cloud-based, mobile first approaches. We Believe Community banking is a fundamental building block of Americas economy Community banking is not about a size, it is about a way of doing business Community bankers competitive advantage is delivered through personal relationships, physical presence, and timely and effective decisions Time spent maintaining traditional, cumbersome banking processes increases risk, diminishes efficiency, and is a misuse of valuable time that could otherwise be spent developing the personal relationships vital to the community bank.- Web-based, real time, mobile-capable tools that support community bankers, at the bankers hand at all times and places, are absolutely vital to your competitive advantage.- The rising wave of challenges from out of market banks, non-bank entities, and regulatory compliance are existential competitive threats. Traditional technology has lagged far behind these threats. BankLabs gives community bankers the tools to compete and win in todays and tomorrows world.

To learn more about BankLabs, visit http://banklabs.com/

Contact:
Michael Montgomery, Chief Executive Officer
501-246-5148

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