FVSBank Partners with MANTL to Accelerate Deposit Growth with Omnichannel Account Opening

WHY THIS MATTERS

The partnership between Alkami (Nasdaq: ALKT) and FVSBank, announced on May 19, 2026, highlights a critical reality for community financial institutions: in a high-interest-rate environment, deposit acquisition is no longer just a metric—it is a survival mandate. FVSBank, a historic mutual bank headquartered in Fond du Lac, Wisconsin, is facing the same macroeconomic pressures as regional banks nationwide. By deploying Alkami’s MANTL Onboarding & Account Opening solutions, FVSBank is building a highly optimized engine designed to rapidly capture core deposits across both retail and business lines.

Historically, community banks have relied on relationship-driven in-branch visits to open complex accounts. However, this high-touch model naturally limits scaling velocity. By integrating MANTL’s omnichannel software directly into its core banking ledger, FVSBank can slash retail account opening times to under five minutes online and under ten minutes in-branch. This strategy removes geographic restrictions entirely, allowing the Wisconsin lender to cross-sell specialized and specialty deposit accounts across digital boundaries without expanding its physical branch footprint or scaling up operational headcount.

Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a digital sales and service platform provider for financial institutions in the U.S., today announced a new partnership between MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, and FVSBank, a mutual bank headquartered in Fond du Lac, Wisconsin. Through this partnership, MANTL will help FVSBank modernize its deposit account opening process for business and retail customers to accelerate deposit growth, elevate customer and employee experiences, and streamline operations across the institution.

With the full omnichannel suite of MANTL Onboarding & Account Opening solutions, FVSBank will deliver a seamless, consistent account opening experience across both digital and in-branch channels. Retail customers will be able to open deposit accounts online in under five minutes and in-branch in less than 10 minutes. Business customers will benefit from similarly efficient experiences, with most accounts opened online in under 10 minutes and a simplified in-branch process.

A key priority for the bank is expanding digital product availability, enabling customers to open all deposit account types—including specialty accounts—anytime, anywhere. By integrating MANTL with its core, FVSBank will support real-time account opening while simplifying back-office operations. The result is a unified experience that meets customers where they are and drives higher conversion and deposit growth.

“Today’s customers expect banking to be simple, fast, and available on their terms,” said Ryan Galligan, chief operations officer at FVSBank. “With MANTL, we’re delivering an account opening experience that works seamlessly online and in-branch, reduces friction, and gets customers up and running quickly. Just as importantly, it helps our teams spend less time on manual tasks and more time building real relationships—supporting growth while delivering a modern banking experience.”

With MANTL, FVSBank will be able to automate more than 85% of application decisions, including Know Your Customer (KYC), Anti-Money Laundering (AML), and Bank Secrecy Act (BSA) checks, as well as product setup, funding, and core booking, reducing manual intervention and increasing operational efficiency.

“MANTL is excited to partner with FVSBank to deliver a modern, truly omnichannel account opening experience across its physical and digital banking channels,” said Benjamin Conant, chief product officer, Alkami. “Their commitment to meeting customers wherever they choose to bank aligns with our focus on reducing friction, improving conversion, and creating a more efficient experience for both customers and employees.”

FF NEWS TAKE

Alkami is rapidly consolidating its position as the premier modernization engine for America’s mid-market banking sector. Hot on the heels of their recent infrastructure rollout with Michigan-based Sturgis Bank, this deal with FVSBank demonstrates that Alkami’s acquisition of MANTL continues to pay massive dividends. The true technical value here is not just a polished consumer-facing website; it is the comprehensive automation of the back-office compliance stack.

By orchestrating over 85% of onboarding decisions autonomously, MANTL handles heavy compliance tasks like KYC, AML, and Bank Secrecy Act (BSA) screenings, alongside real-time funding and core booking. Under Chief Operations Officer Ryan Galligan, FVSBank is executing a deliberate shift: removing the manual data-entry burden from front-line staff and transforming branch employees from administrative desk workers into proactive wealth management advisors. For mutual banks nationwide, this blended digital-to-physical playbook is the modern standard for driving loan-to-deposit balance sheet health.