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M&A Solutions/Contract Negotiations Case Study

TruStone Financial

Trustone-Financial-Building

Executive Overview

Firefly and TruStone, two credit unions with branches located throughout Minnesota and Wisconsin, merged in 2021 to form a $4 billion combined credit union with a collective 23  branches and 511 employees.

Challenges

Disparate tech stacks
Exorbitant termination penalties
Aggregate tech spend needing reduction

Solutions

Engage Cornerstone for contract roadmap strategy and six major technology negotiations in parallel

 

Results Achieved

Achieved

 

Achieved 33% pre-merger technology savings

 

Completed

 

Completed project within 100 days

 

Negotiated

 

Negotiated 6 major technology contracts

 

Want to Know the Full Story? Download the Case Study.

Want to Know the Full Story? Download the Case Study.