Sageworks Engages Industry Leaders & Financial Institution Executives in Discussions about Risk Management

RALEIGH, N.C., May 21, 2012 – Sageworks, Inc., a financial information company and creator of the Sageworks Analyst suite, announced today the launch of its 2012 webinar series. The series will be co-presented by leading subject matter experts in the banking industry and will cover topics critical to financial institutions in today’s regulatory and lending environment.

“Staying ahead of the curve is critical in this examination environment.  These discussions will help us proactively define and assess potential risks,” said Bob Wood, Vice President Credit/Loan Review Officer at Bank of Travelers Rest in South Carolina.

Sageworks will host this monthly series beginning in June, partnering with professional services firms that consult CEOs and Chief Credit Officers at the nation’s financial institutions. Scott Ogle, President of Sageworks stated, “Sageworks launched this series to provide guidance to bankers around the country. We understand the challenges they face and hope to provide them with rich, timely information from leaders in the industry who can pull from their expertise and experience.”

The first discussion in the series will cover best practices in stress testing, a source of unease for many institutions. Bank regulators recently clarified that while community banks aren’t required to stress test, they should be proactive in their efforts to manage risk in their loan portfolio. Are smaller institutions adequately prepared? The discussions will clarify questions around stress testing, ALLL methodology, and IT security issues facing the industry today.

“This is a great opportunity for the sharing of best practices, as industry leaders can share what they’ve learned from their consulting engagements with financial institutions across the country,” added Sandy Moll, President of Advanced Bank Solutions and expert in the industry.

These discussions are free of charge to attend; however, space is limited. For more information or to attend, register for an upcoming webinar or contact Samara Zippin at samara.zippin@sageworksinc.com or 919.851.7474 ext. 693.

Sign up for upcoming webinars here as well: http://web.sageworksinc.com/bank-webinars/

About Sageworks, Inc.

Raleigh, NC-based Sageworks, Inc. is a financial information company that provides credit and risk management solutions. Sageworks’ data and applications are used by thousands of financial institutions and accounting firms across North America. The company has been named to the Inc. 500 list of the fastest growing privately held companies in the U.S. and to the Deloitte Technology Fast 500. For more information, visit http://www.sageworksinc.com/.

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“Staying ahead of the curve is critical in this examination environment. These discussions will help us proactively define and assess potential risks.”
Bob Wood, Vice President/Loan Review Officer at Bank of Travelers Rest in South Carolina