Case Study: Texan Bank reduces false positives and impresses examiners with Banker’s Toolbox BAM+

How BAM+ Can Reduce False Hits

Texan Bank, a community-focused bank in the Houston, Texas area, was struggling with a flood of false positive BSA/AML alerts, weak reporting, and manual CTR/SAR filing work in its previous system. The bank needed a better way to manage compliance efficiently and be ready for exams, so it turned to Banker's Toolbox and its BAM+ platform.

With Banker's Toolbox’s BAM+, Texan Bank implemented custom scenarios, centralized case and audit trail reporting, and electronic SAR/CTR filing. The result was far fewer false positives, much less manual work, and a clearer process for examiners; Danielle Mitchell said the 2016 exam went smoothly and the regulator was impressed by the full audit log and reporting.

Texan Bank

Danielle Mitchell

Senior Vice President and BSA & Compliance Officer