Grafton, WI: UFS, a technology provider exclusively for community banks, announced the closing of a capital restructuring that has enabled the expansion of the company’s ownership to an additional 18 community banks.
Mike Tenpas, UFS’s President and CEO said, “In 1991 we were founded by community banks and purpose built to deliver complex technology solutions to these fine community oriented financial institutions. It has been a vision of mine to see our ownership ranks grow to include additional long term strategic partners who recognize the value community banks bring to the towns, villages, and cities of our great country, and have a vested interest in helping other community banks and our people thrive together. “
UFS’s long term success is predicated on tight alignment of objectives and consistent engagement with its community of banks, which now exceeds 30% of Wisconsin banks, and has supported our accelerating growth across the Midwest. By combining the resources of many community banks, UFS is able to deliver purpose built technology solutions for the unique needs of community banks, quickly and efficiently, and provide capabilities that are equal to or greater than those solutions offered by national banks.