Executive Vice President
DiCom Announces First Place Bank Implements Portfolio Analysis
Orlando, Fla., (August 12, 2010) --- DiCom Software, a leading provider of credit risk management technology solutions
for financial institutions, announced today that First Place Bank in Warren, Ohio has implemented Portfolio Analysis, a
software solution from DiCom’s credit quality solution – CQS.
DiCom’s Portfolio Analysis provides banks with a powerful tool to manage their existing loan portfolio and assist in
determining where their next loan problems might be. Capabilities include concentration analysis, risk rating migration
and portfolio stress testing. Portfolio Analysis provides actionable results allowing banks to better manage credit risk in
their commercial loan portfolio. Portfolio Analysis will:
• Quantify the impact of changes in economic conditions on the loan portfolio.
• Facilitate the development of action items, strategic plans, and contingency plans to mitigate changes in credit
• Create forward looking analysis that can be used to improve credit policies and portfolio credit risk management.
• Develop risk based loan reviews targeted at portfolios and borrowers with the greatest sensitivity to a stressed
• Provide additional insight into the development of concentration lending limits, loan loss reserves, and capital
“Insightful portfolio management is a fundamental component of any bank’s overall credit risk management strategy,” said
Doug Latare, DiCom Executive Vice President. “Our solution’s integration with a bank’s core loan accounting systems
and their financial spreading software provides an easy to use tool that requires no data entry. Institutions will be
performing portfolio analysis right out of the box. First Place Bank has implemented a powerful tool to provide them with
the knowledge necessary for their continued success. We look forward to working with them as a DiCom client.”
About First Place Bank
First Place Financial Bank is a $3.4 billion financial services holding company based in Warren, Ohio. First Place
Financial Corp. operates 44 retail and ATM locations, 2 business financial service centers and 17 lending centers
throughout the Midwest. Additional affiliates include First Place Insurance Agency, Ltd.; Coldwell Banker First Place Real
Estate, Ltd.; TitleWorks Agency, LLC, APB Financial Group, Ltd. And American Pension Benefits, Inc. For more
information, visit www.FirstPlaceBank.com.
About DiCom Software
DiCom Software is a leading provider of credit risk management technology solutions for financial institutions nationwide.
The company’s product suite, DiCom Credit Quality Solution (CQS), delivers tools to efficiently analyze, review and
monitor loan portfolios while minimizing risk. DiCom’s solutions are the preferred choice of today’s best credit risk
personnel at banks across the U.S. ranging in size from $500 million to more than $100 billion in assets. For more
information, visit www.dicomsoftware.com.