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First National Bank of Hutchinson to deploy TPG’s financial accounting suite

First National Bank of Hutchinson, KS, is set to deploy a financial accounting suite, Safekeeping Genius System, from financial securities safekeeping software and solutions provider TPG Software.

Selected to replace the bank’s existing safekeeping system, the custody processing technology will provide reporting and advices while ensuring accuracy and precision for all securities being held.

Designed specifically for institutional custody, Safekeeping Genius system provides a complete straight through processing solution from transaction entry to client reporting and billing, including pledge notifications, safekeeping receipts, credit advices, billing statements, and maturity notices.

TPG Software Sales vice president Cory Sokoloski said the firm aims to offer the functionalities for accounting, custody, and reporting that are critical for banks.

Founded in 1876, the locally owned, independent community bank offers a wide range of correspondent financial services.