Banc Statements Inc. Acquired by HC3
Acquisition positions the company to further serve financial organizations
BIRMINGHAM, AL (October 2, 2020) — HC3, a data-driven technology company delivering unique customer communications, has acquired Birmingham, Ala,-based Banc Statements, Inc. (BSI), a company that specializes in printing and mailing demand deposit and savings account statements for community banks. Beginning Oct. 1, all work contracted through BSI will continue operation as HC3.
“HC3’s history has been filled with evolution. We are always looking for opportunities to grow and improve the services we provide to customers, and our history as an innovative company uniquely equips us for this moment” said Tommy McGahey, CEO of HC3. “The acquisition of Banc Statements Inc. marks the newest chapter of HC3’s history and we look forward to strengthening the tools and resources we provide to banks and credit unions.”
HC3 helps financial institutions correspond with their customers in thoughtful ways through innovative statements and notice redesign, intelligent marketing campaigns, and an intuitive digital experience for those documents. BSI specializes exclusively in printing and mailing statements on behalf of financial institutions. BSI’s services provide banks and credit unions the opportunity to solely focus on core business operations, saving time and ultimately increasing revenue.
Combining HC3’s 58 years of communication delivery with BSI’s 14 years of focused bank statement processing, these two companies will provide financial service organizations of all sizes a robust and seamless statement experience for their customers.
“Statement processing is a part of everyday life for financial institutions and HC3 works hard to make this process as easy as possible for our customers,” said Lee Long, COO of BSI. “The union of HC3 and Banc Statements, Inc. will give financial institutions a more robust and streamlined statement process from start to finish.”
Headquartered in Birmingham, Ala., HC3 connects financial institutions to their customers. By outsourcing bank statements with HC3, financial institutions leverage document design, digital delivery, and print delivery. Through these solutions, banks and credit unions can make a statement that reflects their brand. For more information, call (877) 838-2345 or visit www.hc3.io.