TruPoint Partners Continues Record Growth in 2011
TruPoint Partners achieved record growth to start 2011 and recently relocated its corporate hadquarters to 6100 Fairview Rd, Suite 105 Charlotte, NC.
- Charlotte-Gastonia-Rock Hill, NC-SC (1888PressRelease) June 21, 2011 - TruPoint Partners, a leading provider of compliance solutions to community banks, announced today that it has achieved record growth to start 2011, increasing its client roster by an average of four new clients a week for the first half of the year. This represents six consecutive quarters of growth, and puts the company on pace to double the number of new clients brought on in 2010.
Rounding out a season of growth and momentum, the company closed on its first round of funding in May and recently moved into much larger office space to accommodate its growing team of professionals.
"Our growth in the past six months is evidence that our clear and concise compliance reporting is helping community bankers navigate this increasingly complicated regulatory landscape," said Trey Sullivan, President and CEO for TruPoint Partners. "We are so pleased by the confidence our customers have shown us. Their continued support and willingness to tell their colleagues about us has been remarkable".
In the wake of the mortgage crisis, fair lending and CRA has come under increasing scrutiny. TruPoint Partners provides banks with on-demand reporting that can identify potential risk help with Fair Lending, Community Reinvestment Act (CRA), and Home Mortgage Disclosure Act (HMDA) compliance.
Among the products leading the firms' growth in 2010 and into 2011 are its Fair Lending Self Assessment Review and its GeoAnalysis reports for CRA. New reports and data analysis products, such as a newly released Redlining Report, are continually under development to address the ever-changing regulatory demands placed on community banks.
"Our team is committed to helping bank compliance officers survive and thrive in the face of enormous pressure," said Sullivan. "We believe that on-demand compliance analytics provide banks with the most efficient and cost effective way to analyze their data for fair lending compliance. Our compliance reporting eliminates the need to purchase expensive software and training that consistently falls short. We provide the data - the answers they need- and the guidance to help them fully understand what the analysis means. Our objective is to help our clients properly address compliance in the most efficient way possible.
The company's growth required its second office move in 24 months. The new offices are four times larger than the previous offices and were necessary to make room for new and future employees as the company adds capacity and product lines. The new company headquarters are now located in SouthPark Towers at 6100 Fairview Road, Suite 105, Charlotte, NC, 28210.
About TruPoint Partners
TruPoint Partners provides efficient compliance tools and services to over 500 banks and credit unions. TruPoint's Smart Compliancetm solutions give institutions better insight into their data, enabling better management practices and lower risk, guaranteed. TruPoint provides its clients the ability to reduce cost, manage compliance risk, and grow their businesses. www.trupointpartners.com
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