Case Study: United Bank automates its allowance and boosts CECL readiness with Abrigo

United Bank - Customer Case Study

United Bank, Hartford, CT, a $7 billion community bank with 54 locations, needed to automate its allowance for loan losses and prepare for the CECL accounting change. After evaluating multiple vendors, United Bank selected Abrigo’s MST Loan Loss Analyzer (chosen in 2015) because they wanted a partner with a specific focus on the allowance.

Abrigo implemented the MST Loan Loss Analyzer and provided ongoing expert support, delivering a flexible, automated allowance solution that handles new loan products, new GLs, acquisitions and the CECL transition. United Bank credits Abrigo’s dedicated team and the MST Loan Loss Analyzer with reliably managing allowance complexity at scale for a $7 billion institution.

United Bank

Nathan Kelley

SVP Credit Risk & Reporting