Background
First Mid Bank & Trust has propelled its success through strategic acquisitions, broadening its services and market reach. With a focus on growth, the bank aimed to expand its commercial lending operations using a digital-first approach.
Solution
First Mid partnered with GoDocs for its industry-leading compliance and document automation capabilities:
- Rapid Market Entry: Advanced automation reduced reliance on external legal counsel.
- Automated 50-State Compliance: Real-time updates ensured compliance, including Texas community property laws.
- Legal Infrastructure: Key legal intelligence provided ongoing statutory and case law updates with actionable options.
- Customer Support: White-glove customer support delivered expert guidance throughout implementation and beyond.
Results
- Fast Implementation: Launched GoDocs in eight weeks with minimal training required.
- User-Friendly Interface: Simplified management of complex entity structures.
- Accelerated Execution: Achieved expedited revenue generation and ensured future benefits with loan modification capabilities.
