Contract Negotiations Case Study
Third Coast Bank
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Executive Overview
Headquartered in Texas, Third Coast Bank (TCB) was established in 2008 to provide personal services and community investment to its customers based on a foundation of grassroots values and an entrepreneurial spirit.
Challenges
• Controlling expenses during rapid growth
• Needed ability to scale with the current digital account opening solution
• Underutilization of cloud banking service
Solutions
• Cornerstone Contract Negotiation Services
Results Achieved
Saved
Saved TCB more than $1.14 million
on a 5-year contract
Removed
Removed annual increase for the life of the contract
Enabled
Enabled TCB to stabilize and more accurately budget digital account opening expenses for the next 5 years