November 19, 2009 18:24 ET

BancVue Ranked Number One on Austin Business Journal's Fast 50 List

Partnership Approach Pushes Six-Year Old Firm to Top of Its Category

AUSTIN, TX--(Marketwire - November 19, 2009) - BancVue (, the leading provider of innovative products, dynamic marketing, and data-driven consulting solutions to community financial institutions around the country, has been named the fastest growing private business in Austin, according to the Austin Business Journal.

The firm was recognized for topping the list of fastest growing companies with over $10 Million in revenue at the Journal's Fast 50 awards ceremony recently held at the Renaissance Austin Hotel.

"The phenomenal and continuing growth of BancVue during its relatively short operating history highlights the demand community financial institutions have for big-time products," said Don Shafer, Chairman of BancVue. "We're all about helping community financial institutions win the war against the mega banks by helping them deliver awesome banking products."

With a complete suite of services that includes marketing support, compliance guidance, employee training, mystery shopping, and ongoing consultation, BancVue has made quick inroads into the banking industry, attracting nearly 700 community bank and credit union clients in just five years.

The firm's success is also driven by REALChecking®, an innovative set of products that were developed around BancVue's broad qualitative and quantitative consumer research. The end result is a dynamic system of products that directly address community financial institutions' key business needs by generating non-interest income, driving customer growth, and retaining customers.

REALChecking® has already attracted more than 1.2 million accounts to partner community financial institutions across the country.

"Consumers are clearly looking past the mega banks for better places to put their money," says Shafer, "and that's fueling a surging interest in community banks and credit unions. Our market is big and we want to keep it growing."

In September, BancVue was recognized as the second fastest growing financial services firm in Inc. Magazine's 28th Annual List of America's Fastest-Growing Private Companies -- the Inc. 500. The Austin-based firm was 23rd in the magazine's overall rankings.

BancVue expects to maintain its growth trajectory in 2010 with Kasasa™, a national brand of superior products that gives community financial institutions the necessary marketing scale to compete with the mega banks. Kasasa™ has so far delivered unprecedented returns in its pilot markets, with participating community financial institutions reporting growth rates upwards of 150% on new accounts and 372% on deposits at those institutions focused on deposit growth.

About the Austin Business Journal Fast 50

The Austin Business Journal's annual Fast 50 contest recognizes the fastest growing companies in the Austin area. Rankings are based solely on revenue growth during the past three years. Information submitted by contestants is verified by an independent accounting firm

About BancVue

BancVue is the leading provider of innovative products, marketing, and consulting solutions to community financial institutions nationwide. Serving nearly 700 community banks and credit unions around the country, BancVue's solutions allow these institutions to compete and win in the war against the mega banks and direct banks. Community financial institutions benefit from the development and implementation of BancVue's innovative products, including Kasasa™, a national brand of superior products that gives community financial institutions the marketing scale they need to compete with the mega banks, and REALChecking®, a system of innovative products, superior marketing, and data-driven consulting. For more information on BancVue, visit