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AgFirst Farm Credit Bank Selects SunGard to Help Improve Lending Operations

AgFirst Farm Credit Bank, a provider of funding and financial services to agricultural credit associations, has selected SunGard’s Ambit Commercial Lender to help modernize lending operations.

Working with SunGard will help AgFirst provide essential technology services to its 19 affiliated credit associations more efficiently and, in turn, help those associations better serve their customers.

Ambit Commercial Lender provides a suite of tools that will replace many of AgFirst’s legacy loan origination systems and processes. The highly configurable system will help the bank quickly make compliance updates as well as policy, association and district-level changes. The platform will help automate loan origination and servicing processes for AgFirst and its network of associations.

“Our mission is to provide services and funding that enable our associations to serve their markets in a competitive and efficient manner. The technology available in Ambit Commercial Lender will help us provide our affiliated associations with an automated and integrated end-to-end solution. This solution will help our association’s better serve more than 80,000 farmers, agribusinesses and rural homeowners.” -- Jamie Bumgarner, vice president and director of loan operations, AgFirst Farm Credit Bank

“We are in the process of upgrading our entire systems architecture. Our goal is to provide users with end-to-end coverage of lending processes while improving our speed-to-market for future needs. The SunGard solution will be an important ingredient of this transformation,” -- Tim Amerson, chief executive officer, AgFirst Farm Credit Bank

About AgFirst Farm Credit Bank
AgFirst Farm Credit Bank is part of the nationwide Farm Credit System and the largest financial institution headquartered in South Carolina. With reported assets of more than $28 billion, AgFirst provides funding and financial services to 19 agricultural credit associations in 15 eastern states and Puerto Rico. These associations operate as Farm Credit and Ag Credit member-owned cooperatives, and provide real estate and production financing to 80,000 farmers, agribusinesses and rural homeowners.

About Farm Credit
The Farm Credit System is a network of agricultural and rural lending institutions cooperatively owned by their borrowers. Farm Credit helps maintain and improve the quality of life in rural America and on the farm, through its constant commitment to competitive lending, expert financial services and a feeling of partnership with its customers. The Farm Credit System reported combined assets of more than $230 billion as of September 2012.

About SunGard Financial Systems
SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. These solutions address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents. In addition, we also provide professional services that focus on application implementation and integration of these solutions and on custom software development.

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