Fast-Growing Encore Bank Selects Q2 to Accelerate its Commercial Digital Banking Innovation

Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for banking and lending, today announced that Encore Bank, one of the nation’s fastest growing banks, has selected Q2 as its strategic digital partner has.

Encore Bank — a $3.4 billion boutique commercial bank serving clients in 20 markets across eight states — will be the digital banking platform for Q2, along with several of Q2’s commercial solutions Use Catalyst. Leveraging the deep integration capabilities of the Q2 digital banking platform, Encore Bank will be able to grow its commercial lending, deposit and interest-agnostic business through a seamless digital experience connected to its back-office processing systems .

“Technology has changed the game in banking, but it’s no longer enough to be a differentiator; it must also advance and deepen relationships,” said Burt Hicks, President and Chief Strategy & Growth Officer of Encore Bank. “We were looking for a digital partner who is the best of the best with unmatched skills and competencies. Q2 brings immense value and innovation to the table. Your team immediately aligned with our vision at senior level and we look forward to a long-term partnership.”

Encore Bank will leverage many of the digital solutions that are part of Q2 Catalyst, Q2’s suite of best-in-class commercial banking solutions, to offer its customers a modernized user experience. These solutions include Q2’s industry-leading digital banking platform for consumers, small businesses and commercial customers, Q2’s consumer and enterprise onboarding solutions and Q2’s best-in-class treasury management solutions and Q2 Treasury Onboarding™, Q2 Commercial Sales Enablement, Q2 ClickSWITCH, Centrix and Q2 Marketplace.

“Q2 Catalyst resonated with our team because it enabled us to solve specific challenges for our commercial customers, including the ability to efficiently onboard and the autonomy to manage day-to-day operations with ease,” said Nikki Pfleger, Director of Business Banking Solutions, Encore Bank. “We want to offer a seamless digital experience and the best treasury technology on the market while making capital available to small and medium-sized businesses.”

Known for its concierge approach to banking, innovative technology and experienced bankers, Encore Bank offers a unique experience for its employees, partners and customers. Each Encore Bank location employs local people with local interests and a deep understanding of what makes each community great. They strive to serve customers and communities by forging strong partnerships with their customers, local nonprofits, philanthropic and community organizations.

Dallas Wells, Senior Vice President of Product Management, Q2, said, “Q2 is proud to partner with Encore Bank and work closely with their innovative team to provide solutions for every aspect of the commercial lifecycle. Encore Bank is truly building something unique, and we are excited to be working with Encore Bank to strengthen their growth trajectory and accelerate their digital roadmap.”

For more information on Q2’s world-class commercial banking suite, visit Q2 Catalyst.

Click here to learn more about the partnership between Q2 and Encore Bank.

About the Encore bank

Headquartered in Little Rock, Arkansas, Encore’s journey began in 2019 when three veteran Arkansas banking professionals relocated to The Capital Bank, a small Little Rock bank founded in 1997. Another type of bank, founders Chris Roberts, Phillip Jett and Burt Hicks renamed this small bank Encore Bank and within three years made it the fastest organically growing bank in the country. Today, Encore Bank has more than 300 employees, $3.4 billion in total assets (as of January 15, 2022) and operates in 20 markets across eight states. Encore Bank is a privately owned, commercial-focused boutique bank that combines highly experienced and talented bankers with innovative technology to deliver unparalleled service to clients through a hospitality-inspired concierge approach. Encore Bank provides a full range of financial products and services with purpose, passion and precision to corporations, business owners, professionals, their families and contacts. For more information about Encore Bank, visit www.bankencore.com.

About Q2 Holdings, Inc.

Q2 is a financial experiences company dedicated to providing digital banking and lending solutions to banks, credit unions, alternative finance and fintech companies in the US and internationally. With comprehensive end-to-end solution sets, Q2 enables its partners to deliver cohesive, secure, and data-driven experiences to every account holder – from consumers to small businesses and corporations. Headquartered in Austin, Texas, Q2 has offices around the world and is traded on the NYSE under the stock symbol QTWO. To learn more, please visit Q2.com.

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