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State Bank of Hildreth Smallest Bank With Internet Account Access
By Jim Bruene on November 10, 1997 9:31 AM | 0 CommentsState Bank of Hildreth
nFront is also the service provider behind the smallest bank with Internet account access, State Bank of Hildreth (Hildreth, NE; $22 million), which has just 700 checking accounts. Not bad considering its home base is a town of 346 residents. The bank conducted research which resulted in 13% of survey respondents (6 of 45) saying they would use the new service. Though we’re a bit surprised to see a financial institution with just 700 checking accounts opting for full-bore Web account access, it demonstrates the cost effectiveness of the Internet. CEO Ross Knott says the cost of going online is approximately equal to the salary of one employee.
State Bank of Hildreth uses the nFront template.
