Farmers and Merchants Bank Partners with Baker Hill to Support Continued Growth

Maryland-based bank implements Baker Hill NextGen®
to drive credit decisions with confidence

CARMEL, Ind.–(BUSINESS WIRE)–Baker
Hill
, a leading provider of technology solutions for common loan
origination, risk and relationship management, CECL compliance, and
smart data analytics, announced that Farmers
and Merchants Bank
has chosen Baker Hill NextGen®
Statement Spreading to support the bank’s continued growth.

From the beginning, Farmers and Merchants Bank has remained locally
owned, operated and headquartered in Upperco, Maryland. A public banking
institution founded in 1919, its independence has allowed them to
provide customers with a team of local bank professionals who care
deeply about its customers’ personal and business success.

With Baker Hill NextGen® Statement Spreading, Farmers
and Merchants Bank can make credit decisions with complete confidence.
Additionally, the bank will establish a consistent process for
understanding and managing clients’ credit risk through sound financial
analysis. Featuring a wide range of formats and features to accommodate
financial institutions’ needs for commercial lending, Baker Hill NextGen®
Statement Spreading provides a reliable source of accurate comparative
data. Farmers and Merchants Bank is also considering additional
technologies within the Baker Hill NextGen® product
suite.

“Baker Hill’s long-standing reputation for exceptional technology and
service greatly impacted our decision,” said Christopher T. Oswald,
Executive Vice President and Chief Operations Officer of Farmers and
Merchants Bank. “We are looking forward to better reporting with quicker
spreads thanks to all of the underlying features and functionality of
Baker Hill NextGen®. Better reporting will lead to better
service for our customers which is at the heart of everything we do.”

“At Baker Hill, we constantly strive to improve the quality and
consistency of financial analysis available to financial institutions
like Farmers and Merchants Bank,” said John M. Deignan, President and
CEO of Baker Hill. “With Baker Hill NextGen® Statement
Spreading, they will benefit from greater efficiencies within the
lending process, helping drive growth and further position the bank as a
leading community financial institution across Maryland.”

About Farmers and Merchants Bank

From the beginning, Farmers and Merchants Bank has remained locally
owned, operated and headquartered in Upperco, MD. As a public banking
institution founded in 1919, Farmers and Merchants Bank’s independence
has allowed it to provide customers with a team of local bank
professionals that care deeply about customers and their personal and
business success. Farmers and Merchants Bank currently operates six
traditional branches to serve the local community – Upperco, Hampstead,
Greenmount, Reisterstown, Owings Mills and Westminster. For more
information, visit www.fmb1919.com.

About Baker Hill

Baker Hill empowers financial institutions to work smarter, reduce risk
and drive more profitable relationships. The company delivers a single
unified platform with modern solutions to solve CECL calculations and
streamline loan origination and portfolio risk management for
commercial, small business and consumer lending. The Baker Hill NextGen® platform
also delivers sophisticated analytics and marketing solutions that
support sound business decisions to mitigate risk, generate growth and
maximize profitability. Baker Hill is the expert solution for loan
origination, portfolio risk and relationship management, CECL compliance
and analytics for financial institutions in the United States. For more
information, visit www.bakerhill.com.

Contacts

Augusta Bauknight
augusta@williammills.com
678.781.7214

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