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UFS and BankOnIT Merge to Enhance Community Banking Technology

In a significant development for the financial technology sector, UFS and BankOnIT have announced their merger, creating a unified entity aimed at serving the unique needs of community banks. This strategic alliance will allow both companies to leverage their strengths, leading to improved technology offerings and services tailored for community financial institutions.

The Merger: A New Era for Community Banks

UFS, founded in 1991, has long been a provider of technology solutions dedicated to community financial institutions. Its extensive range of services includes core banking solutions, managed IT services, cybersecurity, and advisory offerings. On the other hand, BankOnIT, established in 2003, specializes in private cloud services and integrated IT solutions specifically designed for community banks, focusing on security and compliance.

The merger is anticipated to deliver a broader array of services and products that will support community banks in navigating today's complex banking landscape. By joining forces, UFS and BankOnIT aim to address the evolving IT challenges faced by these financial institutions, ensuring they have the tools necessary to compete effectively against larger banks.

Advantages for Clients

As a result of this merger, clients of both companies can expect tangible benefits. UFS clients will gain access to advanced IT managed services, enhanced security solutions powered by cutting-edge technologies like automation and machine learning. Meanwhile, BankOnIT clients will be able to tap into comprehensive digital banking solutions, including core banking, payment solutions, and enhanced customer engagement tools.

This integrated approach is set to simplify the technology landscape for community banks, providing them with an unparalleled solution that combines the best offerings of both companies. Eric Jones, President and CEO of UFS, emphasized that the merger is about reinforcing their commitment to serving community banks effectively. He stated, “The right technology partner is one who listens carefully, responds thoughtfully, and provides leadership—especially in a complex landscape.”

Commitment to Simplicity and Support

The new organization promises to focus on delivering simplicity and personalized support, elements that have long been essential to both UFS and BankOnIT's operations. Ryan Samples, Founder and CEO of BankOnIT, highlighted that the merger aims to alleviate the limitations banks often face in technology management and talent acquisition. He remarked, “Joining forces is about removing those constraints and delivering flexible solutions through a unified lens.”

This unified strategy is intended to foster resilience and competitiveness among community banks, allowing them to remain mission-driven while scaling their operations.

Looking Forward

With the banking sector undergoing rapid transformation, the newly formed organization will continue to prioritize the needs of community banks. The goal is not only to empower these institutions but also to ensure that they can compete effectively with larger banking entities.

As Mike Tenpas, UFS Board Chair, noted, the merger is a step towards being a stronger ally to the community banks they serve. The combined organization will maintain all existing locations, which include operations in Oklahoma City, Grafton, Alpharetta, Tulsa, Lenexa, and Pittsburgh, confirming its commitment to regional service.

Through this merger, UFS and BankOnIT are setting a precedent in the fintech industry by illustrating how collaboration can drive innovation and better service delivery. As they embark on this new journey, community banks can look forward to expanded capabilities that not only meet their technological needs but also enhance their capacity to serve their customers effectively.

For those interested in learning more about this merger and what it entails for community banks, further information can be found on their combined website at UFS + BankOnIT.