Case Study: Sutton Bank centralizes third-party risk management with Venminder

Sutton Bank Revamps TPRM Program for Success, Efficiency, and Meeting Industry Regulations

Sutton Bank, a community bank in Ohio with about $828 million in assets, needed a better way to manage third-party risk across a highly regulated environment. Before working with Venminder, the bank relied on multiple software tools that did not integrate, making it difficult and time-consuming to track documents, questionnaires, and assessments.

Venminder provided Sutton Bank with a centralized software platform and assessments services to house documentation, send and manage questionnaires, complete risk assessments, and support onboarding and other reviews. With Venminder, Sutton Bank improved efficiency, reduced workload and miscommunication, and scaled its program more effectively; the bank also reported positive external audit feedback about how easy documents were to find and how simple the platform was to use.

Sutton Bank

Chris Sherman

Third-Party Risk Manager