Case Study: IncredibleBank achieves independent, more effective ALM management with Abrigo’s web-based ALM solution

IncredibleBank manages ALM effectively and independently with Abrigo

IncredibleBank, a Wisconsin-based community bank serving customers in all 50 states, needed a modern, adaptable asset/liability management (ALM) model to keep pace with growth and satisfy regulatory requirements. After finding its previous vendor’s model outdated, VP of Finance Tim Parks selected Abrigo’s web-based ALM model so the bank could host and run its ALM work internally while gaining a more dynamic, server-based solution.

Abrigo delivered an online ALM platform Parks implemented and manages himself, giving IncredibleBank constantly updated data, customizable reports, and the ability to run multiple interest-rate scenarios in a single report instead of laboriously compiling separate runs. As a result, IncredibleBank improved regulatory and audit reporting, sped up scenario analysis, and now produces consistent, tailored outputs for examiners, external auditors, and the FDIC thanks to Abrigo.

IncredibleBank

Timothy Parks

Vice President of Finance and Investment Office