As the importance of integrated balance sheet management continues to grow, three banks are utilizing ZM Financial Systems’ whole suite of SAAS balance sheet management solutions:, OnlineBudgeting and OnlineCECL.

Bridgewater Bank, headquartered in Bloomington, MN, began utilizing our and OnlineBudgeting solutions in 2018, and recently added our OnlineCECL component. With more than $2B in assets, Bridgewater is one of the largest, locally-led banks in the State of Minnesota. For more information, visit Bridgewater Bank.

Mechanics Cooperative Bank, a $605M community bank headquartered in Taunton, MA, will now use, OnlineBudgeting and OnlineCECL to manage their portfolio. The bank was originally established in 1877 as the Mechanics Co/Operative Savings Fund and Loan Association. Visit Mechanics Cooperative Bank for more information.

Varo Bank, N.A., headquartered in Salt Lake City, UT, is our newest client. Varo Bank is currently in formation to obtain a final national bank charter upon completion of organizational steps and satisfaction of the OCC’s conditions and Federal Reserve membership. Upon full charter approval, Varo plans to expand to additional types of services including credit cards, loans, and additional savings products. Today, Varo offers a mobile-banking app that helps people do more with their money with no hidden fees, automatic savings tools, and no fees for overdrafts.