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CBSC, Continuity Control, And Young & Associates Partner To Modernize Regulatory Compliance For Illinois Community Banks

"Banks rely on us for our insight, but before the Continuity Control platform the only way for them to get it was on-site delivery, with all of the associated overhead costs of travel.  Any reduction in travel costs can only serve to benefit our clients, our consultants and our efficiency.  We have always prided ourselves on being part of the solution," said Jim Kleinfelter, president and senior consultant, Young & Associates, Inc. "We are solving the problem and offering a modern way to lower costs by tapping into Continuity Control for remote auditing capabilities."

"Future-minded bank leaders are looking to change the economics of managing compliance.  We applaud CBSC, CBAI, and Young & Associates for taking steps to bring compliance management up to speed with the changing regulatory environment. Community bankers realize their resources are better used serving their clients rather than manually keeping up with hundreds of annual rule changes," says Andy Greenawalt, Founder and CEO of Continuity Control. "This partnership has created an opportunity for Illinois community banks to lead the nation in fundamentally changing compliance management."

About CBSC (Community BancService Corporation, Inc.)A subsidiary of Community Bankers Association of Illinois (CBAI), CBSC aggregates the "clout" of CBAI member banks to negotiate lower costs and provide improved access to essential bank products and services. CBSC recommends products and services that assist banks with income-production, expense reduction, consulting, marketing, compliance, equipment, insurance, lending, A/L management and payments. Before the CBSC board of directors awards any program an exclusive partnership, it is subjected to a rigorous due diligence review that includes extensive testing by members, occasionally by independent experts, and negotiation of special member-only benefits. This process typically takes up to six months. Today, CBAI members use an average of more than five CBSC preferred providers. Last year, members collectively saved nearly $ 1.5 million in purchasing discounts from CBSC-recommended firms. Contact CBSC today and share in the savings.

About Young & AssociatesYoung & Associates, Inc. is a team of management consultants who provide consulting, outsourcing, and educational services to community financial institutions nationwide and overseas. They offer a wide array of products and services, covering all the major areas of banking, such as risk management, capital planning, strategic planning, mergers and acquisitions, internal audit, branching and expansion, loan review, information technology, human resources, marketing, and regulatory compliance. Through affiliations with state and national banking associations, Young & Associates, Inc. provides educational seminars and on-line training that provide practical solutions and valuable insight into the issues you face with the ever-changing banking industry.

About Continuity ControlContinuity Control is an award-winning compliance platform that combines advanced software with personalized service to help community financial institutions effectively manage their regulatory burden. Founded in 2008 by distinguished technology, banking, and compliance specialists, Continuity Control's platform effectively reduces the resources a bank or credit union must spend on compliance while ensuring that it passes regulatory muster. Built just for community banks and credit unions, Continuity Control is the most comprehensive compliance management platform on the market today for community financial institutions. For more information, visit www.continuity.net.

Contact: Katie Weathers404-791-8245 kweathers@csg-pr.com @katie_weathers

SOURCE Continuity Control

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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