John Marshall Bank Announces Escrow Optimizer, a New Digital Platform for Escrow Deposits

RESTON, Va.--(BUSINESS WIRE)-- John Marshall Bank (“JMB” or the “Bank”), subsidiary of John Marshall Bancorp, Inc. (the “Company”) (Nasdaq: JMSB), is proud to announce that the Bank has launched the Escrow Optimizer Platform to add to the Bank’s growing and robust products and service offerings.

John Marshall Bank - Escrow Optimizer (Photo: Business Wire)

The Escrow Optimizer, a 24/7 digital platform, offers tracking of transactions along with reporting and tax form capabilities that simplify the daily operations of managing escrow and subaccounts. Additionally, customers will benefit from the ability to open, close, and fund subaccounts at any time while also being able to segregate funds for more efficient business management or to fulfill compliance requirements.

Customers in a variety of industries including property management companies, title companies, law firms, funeral homes, nursing homes, nonprofits, real estate offices, and more will be able to optimally manage third party funds with Escrow Optimizer, powered by ZSuite Technologies, Inc. With customizable and flexible organization, built-in regulatory compliance, easily accessible reports and statements, and a variety of other unique and useful features, the Escrow Optimizer provides an avenue for growth and efficiency for the customers of John Marshall Bank and is beneficial to anyone with a fiduciary responsibility.

Brittany Wismer, VP, Commercial Relationship Manager – Fiduciary Banking, has been tapped to facilitate the integration of the Escrow Optimizer platform with current customers, and to assist with onboarding new ones.

“Gone are the manual and resource intensive involvement typical of conventional escrow and subaccounting processes. With this innovative technology the Bank opens greater opportunities to its escrow customers,” stated Andrew Peden, SEVP, Chief Banking Officer. “The advanced and unique features of the Escrow Optimizer demonstrate the Bank’s commitment to bringing quality and prominent upgrades to our FinTech suite.”

About John Marshall Bancorp, Inc.:

John Marshall Bancorp, Inc. is the bank holding company for John Marshall Bank. The Bank is headquartered in Reston, Virginia with eight full-service branches located in Alexandria, Arlington, Loudoun, Prince William, Reston, and Tysons, Virginia, as well as Rockville, Maryland, and Washington, D.C. The Bank is dedicated to providing exceptional value, personalized service and convenience to local businesses and professionals in the Washington D.C. Metro area. The Bank offers a comprehensive line of sophisticated banking products and services that rival those of the largest banks along with experienced staff to help achieve customers’ financial goals. Dedicated Relationship Managers serve as direct points-of-contact, providing subject matter expertise in a variety of niche industries including Charter and Private Schools, Government Contractors, Health Services, Nonprofits and Associations, Professional Services, Property Management Companies and Title Companies. Learn more at www.johnmarshallbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240408880548/en/

Andrew J. Peden

SEVP, Chief Banking Officer

703-584-0840

Source: John Marshall