Case Study: Bank & Trust Company achieves streamlined, automated vendor management and time savings with Venminder

Bank & Trust Company Drives Efficiency through Software and Outsourced Reviews

Bank & Trust Company, a $300M asset bank based in Litchfield, IL, was struggling to keep up with regulatory vendor management while minimizing staff time—relying on Excel spreadsheets and needing a partner to collect documents, assess high‑risk vendors, and add security and financial reviews. To address this, the bank selected Venminder and its cloud‑based software combined with outsourced third‑party reviews.

Venminder implemented its platform to gather vendor documents, apply system risk ratings, and perform financial and cybersecurity reviews, doing the heavy lifting of sifting through large documentation sets. The result: an automated, streamlined vendor management program that saves employee hours, produces well‑documented reviews that satisfy examiners and auditors, and has kept Bank & Trust Company a Venminder client for nearly 10 years.

Bank And Trust Company

Bill Fleming

EVP and CRO