Case Study: First National Bank Texas streamlines CTR compliance with Verafin

First National Bank Texas - Customer Case Study

First National Bank Texas turned to Verafin to modernize a highly manual BSA/AML compliance process. With 220 branches and 360 ATMs, the bank was filing nearly 300 CTRs per month using labor-intensive core system reports, calculator checks, paper records, and repeated branch follow-ups to ensure transactions were accurate and complete.

Verafin provided an all-in-one, cloud-based solution that automated transaction and customer analysis, CTR workflow, report field completion, e-filing to FinCEN, notes, and record retention. Within a little over three months, First National Bank Texas eliminated missed ATM transactions and much of the manual data entry, improved auditability, and freed three CTR team members to focus more on fraud investigation, while gaining better visibility into report status and associated account activity.

First National Bank Texas

Lisa Bates

Assistant VP of Operations