Cambridge Savings Bank Enjoys Nearly a Decade of Increased Employee Productivity with Banc Intranets – Press Release

JOHNSON CITY, Tenn.–(Business Wire)–

Banc
Intranets
announced that Cambridge
Savings Bank
($3.5 billion, Cambridge, Mass.) is entering its 10th
year of increased employee productivity, leveraging its BancWorks
intranet and DirectorsLink board portal to manage internal
communications and access to information for employees and members of
its committees and executive board. Banc Intranets is a provider of
secure, web-based enterprise content management solutions for financial
institutions.

From the early- to mid-2000’s, Cambridge Savings Bank’s total assets
increased by nearly $1 billion and its physical presence expanded in
Massachusetts. By 2007, the bank’s shared network, which was used to
manage employee communication and access to internal documents, policies
and procedures, could no longer effectively support its growing
operations. Cambridge Savings Bank began searching for a uniform set of
cost-effective, customizable technologies to address its needs and after
an internal review, selected Banc Intranets’ BancWorks employee intranet
and DirectorsLink board portal. In addition, the bank noted that
utilizing one vendor for both solutions allowed it to save on additional
costs and simplify the implementation and maintenance processes.

“Working with a company like Banc Intranets, who designs its products
around the needs of the financial institutions it serves, means they are
responsive and understanding of any issues or ideas that we bring to
them. Their industry expertise and collaborative nature has been evident
throughout every step of our relationship,” said Mark Tracy, SVP and
chief technology and operations officer of Cambridge Savings Bank.
“Beyond that, both BancWorks and DirectorsLink have been integral in our
efforts to simplify how leadership and employees share information,
which allows them to focus on what matters most – serving our customers
and community.”

“For more than 180 years, Cambridge Savings Bank has served as a
foundation for its customers and their financial needs; that doesn’t
happen by accident. It’s the result of understanding where opportunities
for improvement exist and proactively addressing them,” said Mark
Anderson, founder and CEO of Banc Intranets. “We consider ourselves
lucky to have played a small role in Cambridge Savings Bank’s ongoing
success, but all of the credit is owed to its effective leadership and
the priority placed on setting new standards in operations and as a
financial services provider.”

About Cambridge Savings Bank

Cambridge Savings Bank is a full-service financial institution with
approximately $3.5 billion in assets that is committed to improving the
quality of life in the communities it serves. One of the oldest and
largest community banks in Massachusetts, Cambridge Savings Bank offers
a full line of individual and business banking services and has branches
located in Cambridge, Arlington, Bedford, Belmont, Burlington, Concord,
Lexington, Newton, and Watertown. www.cambridgesavings.com

About Banc Intranets

Established in 2002, Banc Intranets, LLC is a leading provider of
secure, web-based enterprise content management solutions for financial
institutions. Its technology provides a single point of access across
multiple devices for documents and information and centralizes employee
onboarding and training, streamlining day-to-day operations for bank
directors and senior managers. In addition to increasing efficiency and
productivity, Banc Intranets’ solutions are developed by financial
industry professionals, providing comprehensive reporting that is
critical to maintaining regulatory compliance. For more information,
visit www.bancintranets.com
or follow the company on LinkedIn
and Twitter.

For Banc Intranets
Jacob Hamilton, 678-781-7226
jacob@williammills.com

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