Allegiance Bank Successfully Launches Q2Platform, Resulting in Robust Online Banking Offering
AUSTIN, TX (September 8, 2015) — Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of cloud-based virtual banking solutions for financial institutions, today announced the successful implementation of its industry leading single-platform digital banking solution at Houston-based Allegiance Bank. The new platform provides expanded functionality, improved navigation and delivers Allegiance Bank account holders a unified user experience anytime, anywhere and on any device.
The bank, which has $1.9 billion in assets and 16 offices in the greater Houston area, officially rolled out Q2’s platform in mid-August to establish a feature-rich and secure online banking experience for clients. The new functionality provides overall ease of use including a complete view of a client’s financial relationships, advanced alerts, better options for password reset, enhanced security settings, plus robust treasury client support for managing finances, user entitlements and payments.
“When it came to empowering both our business and consumer clients with the best mobile banking solution, we confidently turned to Q2,” said Ray Vitulli, president of Allegiance Bank. “Most banks have offered a mobile solution for their retail or consumer clients for some time. During our selection process, we sought out a partner with the ability to deliver our menu of commercial products (wires, ACH, positive pay, etc.) formatted for any device. We feel the Q2 mobile offering for both consumer and business customers gives Allegiance Bank a competitive advantage in the community banking space.”
“It has been a pleasure to partner with the Allegiance Bank team,” said Matt Flake, president and CEO of Q2. “We are committed to helping community banks, like Allegiance, grow and maintain the first-class customer service and offerings they are known for through the mobile channels that consumers and business owners are using daily. Today marks a major milestone for Allegiance as they ensure that their account holders can bank when they want and on any device they choose to use.”
About Q2 Holdings, Inc.
Q2 Holdings, Inc. (Q2) is a leading provider of secure, cloud-based virtual banking solutions, headquartered in Austin, Texas. Q2 enables regional and community financial institutions, or RCFIs, to deliver a robust suite of integrated virtual banking services and engage more effectively with their retail and commercial account holders who expect to bank anytime, anywhere and on any device. Q2’s solutions are often the most frequent point of interaction between its RCFI customers and their account holders. As such, Q2 purpose-built its solutions to deliver a compelling, consistent user experience across digital channels and drive the success of its customers by extending their local brands, enabling improved account holder retention and creating incremental sales opportunities. To learn more about Q2, visit www.q2ebanking.com.
Allegiance Bancshares, Inc.
Allegiance Bancshares, Inc. is a Houston, Texas based financial holding company formed in 2007. Allegiance Bancshares, Inc., parent company of Allegiance Bank, currently operates sixteen (16) full service banking offices in the Greater Houston and surrounding area which serves the needs of owner-operated businesses in and around Houston, Texas. As of June 30, 2015, Allegiance Bank reported total assets of $1.9 Billion, total loans of $1.5 Billion and total deposits of $1.6 Billion. Operating under a community banking philosophy and seeking to develop long term customer relationships based on providing exceptional service, Allegiance Bank offers a variety of traditional loan and deposit products to its customers, which consist primarily of small and medium sized businesses and consumers. www.AllegianceBank.com
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