$750 Million-Asset Bank Selects Teslar to Increase Efficiencies, Improve Transparency
By Lauren Towner · 9 May 2023

First National Bank of Oklahoma and Teslar Software today announced their partnership to streamline the bank’s lending processes. With Teslar, First National Bank of Oklahoma will be able to track exceptions and manage documentation with greater speed and ease.
“Teslar Software was the natural fit to partner with based on the positive experience we had when leveraging their PPP solution; we experienced firsthand that they’re a nimble, dependable organization that truly understands and cares about community banks,” said Mel Martin, president and CEO of First National Bank of Oklahoma. “Teslar’s technology will not only significantly help us improve operations from an efficiency standpoint but will also help us better manage risk in our portfolio.”
First National Bank of Oklahoma has experienced steady organic growth over the past 15 years. With Teslar, they’ll leverage automated workflows, reporting and exceptions management tools and easily access data directly from the core to improve the commercial, consumer and agricultural lending process as they continue to scale.
“We’re excited to partner with First National Bank of Oklahoma as they leave the era of pen, paper and Excel spreadsheets behind,” said Joe Ehrhardt, CEO and founder of Teslar Software. “Modernizing technology will allow the bank to provide a better borrower experience and create new efficiencies throughout the lending process. We’re glad Teslar is part of the journey and look forward to supporting their team.”
About the companies
First National Bank of Oklahoma
Website · 1 story on FF News since 2023
Teslar Software
Website · 8 stories on FF News since 2021
Previously on FF News:
- Indirect Lending Expected to be a Top Trend for Community Banks to Watch in 2023 8 December 2022
- Oklahoma-Based Community Bank, Farmers State Bank, Partners with Teslar Software to Modernize Lending 13 October 2022
- Missouri-Based Bank Partners with Teslar Software to Modernize Lending 25 September 2022
Companies in this story: First National Bank of Oklahoma, Teslar Software
People in this story: Joe Ehrhardt, Mel Martin