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News & Events
BATON ROUGE, La. – July 6, 2009
Hancock Bank Joins Wolters Kluwer Financial Services’ AppOne Platform
BATON ROUGE, La. – July 6, 2009 –
Wolters Kluwer Financial Services announced today that 110-year-old Gulf
South financial services leader
Hancock Bank has joined its
AppOne platform, a technology solution that helps connect lenders with
automotive dealers and simplify the loan process.
With access to AppOne’s network of more than 3,000 auto dealers, Hancock Bank, which
has locations in Mississippi, Louisiana, Florida and Alabama, will focus on building
relationships with independent auto dealers looking for finance sources within their
geographic footprint. Wolters Kluwer Financial Services will also help Hancock mitigate
risk associated with auto lending. AppOne’s proprietary dealer underwriting and
scoring system helps lenders determine the level of risk associated with each dealer
relationship. Additionally, it provides compliant loan documents and automates the
lending process, helping reduce documentation errors.
“AppOne’s technology helps us grow our business, while saving operational dollars
and mitigating risk,” said Skip Cotaya, the senior vice president who manages Hancock
Bank’s indirect lending division. “Ultimately, this makes it much easier for us
to evaluate, book and fund auto loans that fit well with our business and help us
be more profitable.”
For dealers using the AppOne platform, the relationship with Hancock provides opportunity
to connect their customers with another strong lending source. Hancock Holding Company,
parent company of Hancock Bank, was named one of “The Most Trustworthy Companies”
in America by Forbes this year.
“Hancock Bank has built a solid reputation in the financial services community,
backed by more than a century of experience,” said Lee Domingue, CEO of Indirect
Lending at Wolters Kluwer Financial Services. “Our relationship with Hancock is
great news for AppOne’s independent dealers, who will benefit from having access
to another competitive lender in this region of the country.”
About Wolters Kluwer Financial Services
Wolters
Kluwer Financial Services provides best-in-class compliance, content, and
technology solutions and services that help financial organizations manage risk
and improve efficiency and effectiveness across their enterprise. The organization’s
prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, AppOne®,
GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer
Financial Services is part of Wolters Kluwer, a leading global information services and
publishing company with annual revenues of (2008) €3.4 billion ($4.9 billion) and
approximately 20,000 employees worldwide. Please visit our Web site for more
information.
About Hancock Bank
Founded in 1899, Hancock Bank operates 157 banking and financial services offices
and 137 ATMs along an I-10 corridor spanning four states. Bank subsidiaries include
Hancock Investment Services, Inc., Hancock Insurance Agency and its divisions of
Ross King Walker and J. Everett Eaves, and Harrison Finance Company. Hancock Holding
Company (NASDAQ: HBHC) -- parent company of Hancock Bank Mississippi, Hancock Bank
of Louisiana, Hancock Bank of Florida, and Hancock Bank of Alabama -- has assets
of approximately $7.2 billion. Additional corporate information and e-banking are
available at www.hancockbank.com.
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