TriNovus Launches Stress Testing Solution For Community Financial Institutions

PRESS RELEASE
Contact: David Brasfield, TriNovus
(205) 991-5636 david.brasfield@trinovus.com

TriNovus Launches Stress Testing Solution For Community Financial Institutions
BankRisk Predicts Loan Portfolio Health Based On Adverse Economic Conditions

Birmingham, Ala., December 1, 2009 – TriNovus (http://www.trinovus.com/), a company focused on delivering relevant technology solutions to the financial marketplace, announced today the launch of BankRisk, a comprehensive stress test and risk management solution that proactively evaluates the effects of adverse economic conditions on a bank’s comprehensive loan portfolio.
TriNovus developed BankRisk as a tool for banks to utilize partly in response to the federal banking regulators’ concerns about community banks’ increased participation in commercial real-estate lending. Stress testing enables a bank to project future portfolio strengths and weaknesses based on hypothetical conditions that are imposed on the institution’s loan data. It quantifies the effect of adverse economic conditions and identifies problem areas for the bank in advance.

“BankRisk from TriNovus is a robust stress testing and risk management tool that every financial institution should implement,” said Dr. Tim Yeager, an associate finance professor at the University of Arkansas and the Arkansas Bankers Association Chair. Yeager, who was also an economist at the Federal Reserve Bank of St. Louis, and whose research lead him to develop a model for stress testing, consulted with TriNovus on the development of BankRisk.

Along with predicting the effect of potential adverse economic conditions on the loan portfolio, BankRisk will apprise banks of inherent risk exposure and allow the management team to effectively evaluate capital and liquidity needs while satisfying regulatory requirements.
“BankRisk fulfills a bank’s stress testing needs from start to finish,” said David Brasfield, chief executive officer of TriNovus. “BankRisk will use the bank's data to provide an in-depth quarterly analysis of the health of the loan portfolio under various economic conditions. The graphical reports are easy to interpret and provide the board and senior management team with the tools that they need to make the best decisions for the bank going forward,” Brasfield said.

Additional benefits of BankRisk include the ability to detect areas of high-risk loan concentrations and reduce exposure, make better-informed lending and refinancing decisions, and prepare more effectively for regulatory scrutiny.

“Today’s economic conditions are not tomorrow’s,” said Yeager. “BankRisk can help to offset the uncertainty of the future by providing the data needed to be best prepared.”
About TriNovus

TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the financial marketplace. In addition to BankRisk, its products include:

BankerMLS (http://www.bankermls.com/) - a web-based application that enables financial institutions to obtain maximum exposure and value for repossessed assets.

BankerVMS (http://www.bankervms.com/) - a vendor relationship management system that provides financial institutions with an organized, efficient and compliant solution for managing third party relationships.

For more information on TriNovus, visit http://www.trinovus.com/ or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com.

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David Brasfield of TriNovus presentation on Social Media

TriNovus CEO David Brasfield will be speaking at a seminar on Monday, October 26, 2009. David will discuss how TriNovus has utilized social media for public relations, marketing materials, business development and turning leads into customers. For more information and to sign up to attend, please click here:
http://www.corsini.com/Events/02-Social_Media/index.html

TriNovus presents at Saltmarsh Seminar

TriNovus' David Brasfield will be speaking on October 8th 2009 at a seminar sponsored by Saltmarsh, Cleaveland and Gund, CPAs and Consultants. David's speech will focus on trends in the financial services industry including issues surrounding vendor management.

BankerMLS New Enhancements

In the past couple of months, we've added thousands of new foreclosures to the site. Also, we've made several enhancements to the system:

Search Engine Optimization (SEO)
We've utilized methods to publish our site indexes at Google, Yahoo and MSN to improve search performance (over 3000 URLs have been submitted). Also, we've added "breadcrumb trails" for navigating through the site geographically and we've improved our use of keywords throughout the site. All of these steps will increase our performance on search engines as these engines index our new listings.

RSS Data Feeds
You can now "subscribe" to listings in any state by clicking on the RSS icon or the Subscribe link on the home page. This will allows users to follow new properties more easily in their areas.

Twitter Integration
Now, every time you add a new listing to the system, we "tweet" a message on Twitter which links back to the listing. You can follow us on Twitter by using this link: http://twitter.com/BankerMLS

Virtual Tour Links
We've added a field to the Property records to allow you to plug in a link to the Virtual Tour for the property. Any valid URL can be plugged into this field. This will provide viewers and investors with a link on the property detail page that says "Virtual Tour

BankerMLS Adds Thousands of Properties To Bank Direct Foreclosure Website

PRESS RELEASE
Contact: David Brasfield, TriNovus
(205) 991-5636

BankerMLS Adds Thousands of Properties To Bank Direct Foreclosure Website

New Additions Expand Website Footprint to 30+ States

Birmingham, Ala., September 23, 2009 – BankerMLS (www.bankermls.com), a web-based application designed to enable financial institutions to obtain maximum exposure and value for repossessed assets and to provide consumers with access to foreclosed properties direct from said financial institutions, today announced that it has added thousands of new foreclosed properties to its website. The new additions expand the BankerMLS footprint to 30 plus states and are a result of new contracts with several financial institutions.

David Brasfield, CEO of TriNovus, the company that developed BankerMLS, says they have seen a huge increase in website traffic recently and believes that it is due to the unique way that BankerMLS provides foreclosure information to the public.

“With BankerMLS, foreclosed property information becomes available to the public in the most expedient way”, said Brasfield. “The banks update BankerMLS themselves, meaning as soon as they have foreclosed properties available, they can immediately list them on BankerMLS.com.”

Brasfield went on to say that with BankerMLS, there is no courthouse retrieval lag time – every property is real time and the information is accurate because it is coming directly from the source.

Brasfield added, “With listings found on BankerMLS.com, you KNOW the seller is motivated.”
BankerMLS has also added a new feature where consumers can subscribe to a state specific RSS feed so they can be the first to know of new property listings in particular states of interest.
With foreclosure rates at continued record highs, Brasfield and the creators behind BankerMLS believe in the power of their solution to help banks to obtain relief from burdensome foreclosures while at the same time exposing consumers to quality real estate at a good price.

About BankerMLS
BankerMLS is a web-based application targeted to financial institutions that allows them to obtain maximum exposure and value for repossessed assets. BankerMLS is a product of TriNovus (www.trinovus.com), a Birmingham, Ala.-based company founded with the goal of delivering relevant technology solutions to the marketplace. TriNovus also offers a vendor management solution for banks, BankerVMS (www.bankervms.com) For more information on the BankerMLS product visit www.bankermls.com or contact David Brasfield at 205.991.5636.

Vendor Risk Category

In order to further help with risk management, we've provided the ability to categorize vendors based on their risk level: Mission Critical, Major, or Non-Critical. This designation may be made either when adding a new vendor record or by editing an existing vendor record.

More Risk Enhancements!

We've added the ability to add notes and attach documents to risk assessments. This will provide greater flexibility for listing and tracking follow-up items from risk assessments. Also, we've added a listing of risk assessment histories to the assessment page.

Wedbush Bank Selects TriNovus

Wedbush Bank Selects TriNovus
For Vendor Management Solution

Companies Collaborate To Deliver Improved Product to the Marketplace


Birmingham, Ala., July 28, 2009 –TriNovus (www.trinovus.com ), a company focused on delivering relevant technology solutions to the marketplace, today announced that Wedbush Bank (www.wedbushbank.com ) has selected TriNovus to provide its vendor management services through the use of the company’s BankerVMS (www.bankervms.com) product. Wedbush Bank is an entrepreneur and business bank headquartered in Los Angeles offering a wide range of financial solutions tailored to corporate customers, executives and professionals.
TriNovus’ BankerVMS will enable Wedbush Bank to better manage its vendors throughout relationship lifecycles and will help Wedbush Bank to reduce costs, meet compliance guidelines, improve contract terms and increase the value yielded from each vendor.

One aspect of BankerVMS that initially attracted Radhika Dholakia, Wedbush Bank’s chief banking officer, to the product was the vendor management software’s compliance piece.
“Wedbush Bank is very committed to meeting regulatory requirements as per FFIEC guidance,” said Dholakia. “When management evaluated BankerVMS, the compliance piece was a huge factor in our decision to implement the product.”

After initially previewing BankerVMS, Dholakia worked with TriNovus’ chief information officer, Terry Ray to review risk elements, build a test environment and provide suggestions for a change in the compliance scale to help develop a more robust compliance piece.

“Radhika’s input was very valuable in helping us to strengthen the risk management module of BankerVMS,” said Ray. “We value our collaboration with her and the rest of the Wedbush staff and feel that our symbiotic relationship has resulted in TriNovus delivering an even stronger product to the marketplace.”

Dholakia added, “The strength and breadth of the BankerVMS solution will help each TriNovus client easily control and monitor vendor risk.”

TriNovus’ relationship with Wedbush Bank marks the company’s expansion to the west coast.
“BankerVMS fulfills a great need in the vendor management space,” said David Brasfield, chief executive officer of TriNovus. “Banks are always going to be concerned with saving money and ensuring that they are meeting compliance requirements. BankerVMS helps them to do both.”

About Wedbush Bank

With over $100 million in assets, Wedbush Bank is one of the upcoming entrepreneur and business banks headquartered in Los Angeles and offers a wide range of financial solutions tailored to corporate customers, executives and professionals. Wedbush Bank's strategy focuses on delivering high touch and high tech financial solutions including deposit and cash management services and commercial, small business, asset-based and real estate financing. Founded in 2008, Wedbush Bank is a subsidiary of Wedbush, Inc. and an affiliate of Wedbush Morgan Securities. Wedbush Bank can be found on the Web at www.wedbushbank.com.

About TriNovus

TriNovus LLC, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the marketplace. Its first product, BankerMLS (www.bankermls.com ), is a web-based application targeted to financial institutions that enables them to obtain maximum exposure and value for their repossessed assets. BankerVMS (www.bankervms.com) is a vendor relationship management system that provides financial institutions with an organized, efficient and compliant solution for managing third party relationships. For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636 or david.brasfield@trinovus.com

Contact: David Brasfield, TriNovus
(205) 991-5636 david.brasfield@trinovus.com


Contact: Monique Johnson, Wedbush Bank
Director of Marketing
(213) 688-4485 monique.johnson@wedbushbank.com

New Security Roles

We've added three new roles to the system to help delineate the duties of vendor management: Contract Manager, Document Manager, and Risk Manager.

New Addition to Vendor Software

The updated risk module includes a new 1- 5 scoring system based on FFIEC guidelines. Also, we've added a questionnaire feature to help evaluate the vendor's performance in each risk category.

TriNovus Has Hired Two New Interns!

Paul Keith and Katie Brasfield are excited to learn the ins-and-outs of a growing business. Paul Keith is studying Finance at The University of Alabama, and Katie Brasfield is studying Computer Science at The University of Alabama at Birmingham. Not only are the interns gaining a valuable work experience, but they becoming familiar with the banking software industry.

TriNovus Signs Eight Banks To Vendor Management Solution

PRESS RELEASE
Contact: David Brasfield, TriNovus
(205) 991-5636

Birmingham, Ala., June 19, 2009 – After launching BankerVMS (www.bankervms.com) three short weeks ago, TriNovus (www.trinovus.com), a company focused on delivering relevant technology solutions to the marketplace, has signed eight banks to contracts for its vendor management solution. BankerVMS is designed to help banks manage vendors throughout the life cycle of the relationship. TriNovus believes that through proper vendor management banks can reduce costs, meet compliance guidelines, improve contract terms and increase the value yielded from each vendor.

Community banks signed to contracts for BankerVMS include six in Alabama, Southern States Bank, Anniston, Ala.; Farmers & Merchants Bank, Piedmont, Ala.; First Metro Bank, Muscle Shoals, Al a.; Central State Bank, Calera, Ala.; PrimeSouth Bank, Tallassee, Ala.; and Peoples Southern Bank, Clanton, Ala. Two banks signed in Mississippi are Merchants & Farmers Bank, Holly Springs, Miss.; and Bank of Jones County, Laurel Miss.

“BankerVMS will be a huge asset in helping us to organize the voluminous amount of information associated with all of the vendors that a community bank interacts with on a daily basis,” said Rodney Howard, president of First Metro Bank. “Being able to see a snapshot view of our monthly costs associated with each vendor as well as the risk level attributed and having the ability to easily produce reports to keep our board members up-to-date will be extremely beneficial to our operations here at First Metro.

“As a community bank any leg up we can get in today’s market when it comes to contract negotiations is a big plus for us,” said Mitt Schroeder, senior vice president of Central State Bank. “Plus with the increased attention by the regulatory agencies to banks’ third party relationships, having access to a tool that helps us to audit those relationships is very valuable,” he said.

David Brasfield, CEO of TriNovus, is pleased with the success of BankerVMS after being introduced to the marketplace for less than a month. “Community banks have been very responsive to what BankerVMS has to offer,” said Brasfield. “The product fills a void in the marketplace and is helpful on many different levels - from effectively managing information and assisting with compliance requirements to saving money on future contracts and providing the executives and board with an overall picture of the bank’s third party relationships.”

About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the marketplace. Its first product is BankerMLS, a web-based application targeted to financial institutions, which enables them to obtain maximum exposure and value for their repossessed assets. For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636.

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TriNovus Launches CreditUnionVMS

TriNovus (www.trinovus.com), a company focused on delivering relevant technology solutions to the marketplace, launched one of its latest product, CreditUnionVMS (www.creditunionvms.com), a vendor management solution designed to help credit unions manage vendors throughout the lifecycle of the relationship. Through proper vendor management, credit unions can reduce costs, meet compliance guidelines, improve contract terms and increase the value yielded from each vendor.

CreditUnionVMS is a central data repository for credit union vendor information and the business processes related to managing those vendors. Using a dashboard interface, CreditUnionVMS provides easy-to-interpret information on each vendor in the categories of contracts, risk, cost, documents outstanding and board information. For example, in the cost category, if a credit union wanted to assess its spending with a particular vendor versus that of its peers, CreditUnionVMS provides the ability to compare fee ranges by product type and trends to the national average and to credit unions of a similar asset size.

About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the marketplace. Its first product, BankerMLS (www.bankermls.com), is a web-based application targeted to financial institutions that enables them to obtain maximum exposure and value for their repossessed assets.

For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636.

Press Release

PRESS RELEASE
Contact: David Brasfield, TriNovus
(205) 991-5636

TriNovus Launches Vendor Management System For Financial Institutions

Birmingham, Ala., May 25, 2009 – TriNovus=0 A(www.trinovus.com), a company focused on delivering relevant technology solutions to the marketplace, today announced the launch of its latest product, BankerVMS (www.bankervms.com), a vendor management solution designed to help banks manage vendors throughout the lifecycle of the relationship. Through proper vendor management, banks can reduce costs, meet compliance guidelines, improve contract terms and increase the value yielded from each vendor.

BankerVMS is a central data repository for bank vendor information and the business processes related to managing those vendors. Using a dashboard interface, BankerVMS provides easy-to-interpret information on each vendor in the categories of contracts, risk, cost, documents outstanding and board information. For example, in the cost category, if a bank wanted to assess its spending with a particular vendor versus that of its peers, BankerVMS provides the ability to compare fee ranges by product type and trends to the national average and to banks of a similar asset size.

“Managing all of the vendors that contribute to the operations of a bank is too challenging of a process to do effectively with hard copies=2 0and file folders, said David Brasfield, CEO of TriNovus. “The amount of information is so voluminous that bankers can’t get a sense of the big picture without some sort of management tool. BankerVMS is that tool,” he said Brasfield added that as the FDIC increases its focus on banks’ third-party vendors, it is more pertinent than ever that the institutions have a solution in place to manage those relationships.

About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the marketplace. Its first product, BankerMLS (www.bankermls.com), is a web-based application targeted to financial institutions that enables them to obtain maximum exposure and value for their repossessed assets.

BankerVMS (www.bankervms.com) is a vendor relationship management system that provides financial institutions with an organized, efficient and compliant solution for managing third par ty relationships. For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636.

Introducing BankerVMS

Today we launched our BankerVMS website. BankerVMS is a robust online application to help banks manager their vendors. Banks can easily add and update vendor contracts, evaluate risk assessment, cost comparison, collect documentation needed for audits, a dashboard to quickly oversee all your vendors and more.

We will gladly provide your bank with access to demostrate the ins and outs of BankerVMS. All you will need is a user name, password, and a few minutes to review how it works. A member of our sales team will be happy to help you with these items. To get started just email us from your bank's email account, click here.

BankerMLS Site on Fox6

Today our BankerMLS site is getting extra traffic, more than usual. This morning alone we have over 1800 unique hits to our site— We were featured on Fox 6, WBRC-TV, news. Check out the story from Fox6. Now is a good time to act on foreclosures!

Bo Jackson Opened a Bank

Have you heard? Have ya? Yes, Bo Jackson helped charter a new community bank. We all just want to say a quick congratulations to him and his other investors. Taking on the challenge of opening a new community bank is not an easy feat, no matter the economy's status. With the term "bail out" appearing in people's nightmares daily from the financial crisis it needs to be addressed that Bo Jackson's bank is different than a big corporate bank such a Citi Bank. Community banks are not traded on the stock market; most are privately funded by shareholders, shareholders who live in the bank's own communities they serve.

Have you tried your local community bank? What they may lack in numbers of branches they sure make up for in personal service. They are FDIC insured just like your big corporate banks, so give them a chance. Want to make sure a bank you are considering is regulated and insured by the FDIC? Just check here  to find them for peace of mind.

How is Social Media Working for You?

Seriously how many times a day do you hear the word "twitter" in a day? Between the news, shows, newspaper, magazines, the of course the World Wide Web it is hard to ignore Twitter and all of the other social media websites. We just wanted everyone to know that TriNovus has officially joined the social media world. You can find us on Twitter, Blogger (of course if you are reading this post), LinkedIn, and we have plans to join Facebook, YouTube, and MySpace. 

We are curious how has social media worked to your advantage and how it has been a disadvantage for you? I think we all see how powerful it can be, let's find the best way to utilize it!

Latest Press Release

Be sure to check out our latest Press Release for BankerMLS. BankerMLS has formed a partnership with ERA Real Estate.

Our New Website

Today TriNovus just launched its new website. Now you can gather information our latest products and services, read our press releases, and contact us online.

We invite you to take a look around at the newest products we have developed for community banks. We work hard to address needs currently in the marketplace. On our radar right now is the tremendous foreclosure problem our nation is experiencing and the fact that banks are left holding a lot of collateral. Our BankerMLS solution can help with that! Another need that has our attention is the problem banks have effectively managing their third party relationships. The sheer volume of information can be completely overwhelming and if the proper attention is not paid, a lot of opportunities can be missed. In addition because the FDIC is increasing its focus on third party vendor relationships, it was pertinent that solution be developed. We've got it! Our BankerVMS is just what you've been wanting. We appreciate you stopping by and hope that you find something that meets your needs. If you don't, drop us a line and let us know what you're looking for - chances are, we're already working on a solution!