Artis Trade Systems Adds 5Star Bank in Colorado to Their Portfolio

Artis Trade Systems (“Artis”) added another bank to ArtisPay, its supply chain finance (SCF) software platform. On December 2nd, Artis entered into an agreement with 5Star Bank, a community bank in Colorado Springs, CO.

5Star Bank contacted Artis in January 2019 to learn about ArtisPay and its features and functionality, as the bank was already familiar with SCF and the associated benefits. Following the demo, the bank knew that ArtisPay would meet the needs of the bank and their clients and decided to move forward with due diligence and a vendor management review of Artis. After successfully qualifying as a bank vendor, Artis and SCF still required BOD and bank approval, which was accomplished in the 2nd half of 2019. The bank is looking to launch the product with their pilot client in March of 2020.

“We are thrilled to be working with this bank that has great leadership driving this product and client solution. 5Star Bank is dedicated to offering their clients solutions that will help them reduce costs, improve cash flow and continue to grow,” said Jamie Clemons, Artis Co-Founder. “It’s exciting to partner with a bank that is as client focused as we are, and I look forward growing together.”

Tia Kavas, SVP-Business Credit at 5Star Bank, says “Our experience in working with Artis has been exceptional. We are thrilled to be able to offer this innovative solution to support the growth of small and medium-sized local businesses in our community. This is another tool in our tool box to support our mission of helping SMB’s succeed.”

About Artis Trade Systems

Artis Trade Systems is headquartered in Phoenix, Ariz. and is a technology company that provides high-quality, easy-to-use, finance tools for banks, lenders and their customers at the best value. For more information, visit www.artistrade.com or call 602-825-1841.

About 5Star Bank

5Star Bank is a full-service community business bank completely owned and operated by Colorado investors, Board of Directors and staff. With an entrepreneurial spirit, the bank is focused on providing banking solutions to businesses, their owners, families and employees in the communities that they serve. Member FDIC | Equal Housing Lender | www.5star.bank