Grand Rapids State Bank Selects SQN Safe Deposit Management System

RANCOCAS, N.J., Feb. 16, 2012 /PRNewswire/ -- SQN Banking Systems (sqnbankingsystems.com), a leading provider of integrated fraud detection and process improvement products for the financial industry, today announced that Grand Rapids State Bank (grsb.com) in Grand Rapids, Minnesota has chosen the company's SQN: Safe Deposit™ to help streamline and secure the Bank's safe deposit box operations.

The software program is designed to help the Bank's staff to easily verify a safe deposit customer's identity at sign-in by displaying a stored signature, photo and unique account information. In addition to the inherent security this verification offers, SQN: Safe Deposit helps with box inventory management, including account status, visitor logs, waiting lists and billing services. As part of the relationship, SQN is working directly with Grand Rapids State Bank to customize the features to best fit the Bank's needs.

"As a family-owned bank, protecting our customers means that we are protecting our neighbors and our community," said Noah Wilcox, fourth generation President and CEO of Grand Rapids State Bank. "Choosing SQN's system allows us to update, simplify and strengthen our safe deposit operations, while ensuring we deliver the level of service and security our customers expect."

"Across the country, banks of all sizes are under increased pressure to streamline their operations, while simultaneously delivering flawless service and meeting the high expectations of customers," noted Joe Uhland, president of SQN Banking Systems. "Grand Rapids State Bank is one of those organizations that knows the importance of being proactive in taking these needed steps, while maintaining a high level of security to protect its customers. We are proud they have selected SQN: Safe Deposit as the best solution for accomplishing these goals at their institution."

About Grand Rapids State Bank
Grand Rapids State Bank is a locally-owned and operated community bank that has served Grand Rapids and the surrounding communities for nearly 98 years. The Wilcox family maintains a commitment to affirming the bank's mission: to be an industry-leading, independent financial institution that makes a positive difference in the financial lives of everyone it serves.

About SQN Banking Systems
Located in Rancocas, New Jersey, SQN Banking Systems sets the standard for fraud detection and process improvement software in the financial services industry. For nearly 30 years, financial institutions of all sizes have relied on SQN because its suite of SENTRY products delivers improved earnings for customers and can reduce check fraud losses by as much as 84 percent. SENTRY includes real-time fraud analysis, exception item processing, image fraud detection, automated signature comparison, signature verification and display, transaction analysis and safe deposit operations management. For complete details on SQN and its line of SENTRY products, visit sqnbankingsystems.com.

Contact:
Peter Hale
978.388.3100 ext. 17
[email protected]

SOURCE SQN Banking Systems