Automated Systems (ASI) Acquires American Bank Systems (ABS) with Support from Banyan Software
January 10, 2025
Automated Systems, Inc. (ASI) has acquired American Bank Systems (ABS), a provider of loan origination and compliance-focused software for U.S. community banks. The transaction was completed with support from Banyan Software and will integrate ABS's CoPilot and BankManager products into ASI's core banking platform as part of Banyan's Financial Institutions Group to expand ASI's capability set for community banks.
- Buyers
- Automated Systems, Inc. (ASI), Banyan Software
- Targets
- American Bank Systems (ABS)
- Sellers
- James Bruce (former owner and CEO Emeritus of ABS)
- Platforms
- Automated Systems, Inc. (ASI)
- Industry
- Software
- Location
- Oklahoma, United States
- Transaction Type
- Addon
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