Timberland Bank Selects Spiral to Boost Growth and Community Impact Through Everyday Banking
September 03 2024 - 8:41AM
Business Wire
Timberland Bank adds Spiral to allow customers
to grow their savings effortlessly and support charitable causes
through everyday purchases and their digital banking accounts.
Spiral, the award-winning personalized banking platform, today
announced a partnership with Timberland Bank, a top-performing bank
nationwide known for community giving. The partnership with Spiral
will enable Timberland Bank to amplify customer engagement and grow
deposits through new digital experiences. Customers will be able to
turn everyday purchases into savings and community impact, with the
ability to easily donate through the newly established Giving
Center.
By integrating Spiral's Everyday Impact™, Timberland Bank’s
personal and business banking customers will be empowered to round
up their everyday purchases to save effortlessly for their future,
while also being able to support charitable causes and initiatives
of their choice — such as planting trees, providing meals to
children, supplying clean water, and essential mental health
support to those in need. In addition, Timberland Bank’s new Giving
Center will enable customers to easily donate to the causes they
care about directly from their online bank accounts. Through this
new Giving Center, customers can create a tailored portfolio of
causes, track their charitable impact, and receive a donation
report for tax purposes.
"We’re proud to enhance the banking experience of our customers
by offering easy ways for them to build their savings and make a
positive difference," said Jonathan Fischer, President & COO at
Timberland Bank. "Adding Spiral allows our customers to
effortlessly grow their finances and donate to their preferred
causes in a way that fits their unique needs and values," he
added.
By integrating with Spiral, Timberland Bank will drive awareness
and donations to nonprofits directly from its customer base and
create positive change in communities through fundraising
campaigns, donation matching, and community events.
"Timberland Bank is known for providing great services and its
long history of community giving. By making it easy to grow savings
and give back through everyday banking, their customers will be
able to save for their futures and feel like heroes every day,"
said Shawn Melamed, CEO and Co-founder of Spiral. "We look forward
to helping more financial institutions enhance engagement, grow
deposits, and attract new account holders while empowering people
to build better lives for themselves and stronger communities
together."
Spiral’s turnkey solutions integrate with leading digital
banking providers and core systems. To learn more about Spiral’s
platform, please contact Spiral here.
About Spiral
Headquartered in New York City, Spiral is the award-winning
personalized banking platform that enables banks and credit unions
to grow deposits and attract new account holders through financial
wellness and community impact. With Spiral, financial institutions
can positively impact the lives of their account holders and their
communities through any online bank account, debit card, or credit
card. Thus, Spiral makes it simple for financial institutions to
drive positive change and empower millions of people to build
better lives and positively impact their communities.
Spiral is spearheaded by fintech serial entrepreneur Shawn
Melamed, a former Managing Director of Morgan Stanley's Technology
Business Development and Innovation Offices. Their mission-driven
team has deep banking, nonprofit, and fintech expertise, including
Jim Rosenthal, the former COO of Morgan Stanley, who is part of
Spiral's board. Spiral is backed by Team8, Euclidean Capital,
Intuition Fund, Communitas Capital, Phoenix, Nidoco AB, MTVO,
Curql, ICBA, and more. To learn more, visit Spiral.us.
About Timberland Bank
Established in 1915, Timberland Bank is a community bank
primarily serving consumers and businesses across Grays Harbor,
Thurston, Pierce, King, Kitsap and Lewis counties, Washington with
a full range of lending and deposit services through its 23
branches (including its main office in Hoquiam).
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