NASHVILLE, Tenn. – Thread Bank has announced a strategic partnership with LoanPro, an API-first modern lending and credit platform. This collaboration is set to advance Thread’s ongoing commitment to modernizing community banking and embedded finance through innovative solutions that support growth in embedded lending, deposits, and payment products.
LoanPro’s API-first lending and credit platform will manage the origination, servicing, and payments processes for Thread Bank’s lending operations. The platform is designed to integrate with the Bank’s modernized, end-to-end technology stack. By functioning as the system of record and normalizing data across various programs, LoanPro aims to streamline Thread’s internal resources, centralize loan management operations, and facilitate a more efficient, future-ready banking model.
This partnership marks a notable development for sponsor banking data, as the LoanPro system of record will standardize both internal community bank lending programs and external embedded finance lending programs. This approach is expected to enable Thread to accelerate innovation while maintaining compliance.
Chris Black, CEO, President, and Board Member of Thread Bank, commented on the decision: “We were impressed with LoanPro’s modern approach to servicing every asset class of loans and credit accounts, the experience of their team, and their hands-on, consultative approach to our implementation. We were seeking a platform that could centralize all of our lending operations, but also deliver lending and credit products to our embedded partnerships through a modern suite of APIs. This fits perfectly with LoanPro’s strategic direction, and we see this as a long-term partnership with exciting upside.”
Rhett Roberts, Co-Founder and CEO of LoanPro, added, “Partnering with Thread Bank is an exciting step forward in our overarching goal to modernize lending and credit infrastructure for forward-thinking financial institutions. Thread’s commitment to innovation aligns seamlessly with our platform. Together, we’re enabling the embedded finance experiences that redefine what’s possible in community banking while putting compliance at the forefront of everything we do. We’re proud to work with Thread as they streamline operations, enhance compliance, and accelerate their vision for the future of banking.”
Bankers Helping Bankers played a role in facilitating this partnership, connecting the institutions and assisting in identifying the appropriate technology solution to support long-term growth. This collaboration follows Thread Bank’s recent opening of its new headquarters in Nashville, which serves as a Loan and Deposit Production Office (LPO/DPO) for the Bank.
About Thread Bank:
Thread Bank, a wholly owned subsidiary of Thread Bancorp, Inc., is an FDIC-insured bank offering embedded and digital banking services nationwide, alongside local community banking in Eastern Tennessee. The bank can be found at thread.bank.
About LoanPro:
LoanPro is a modern lending and credit platform that enables financial organizations to innovate faster, increase volume, and optimize operational efficiency and margins. Its API-first platform supports the creation, launch, and management of lending programs for various loan and credit products. Over 600 financial organizations currently utilize LoanPro to enhance borrower, agent, and back-office experiences. LoanPro’s mission to provide a platform for innovating the future of finance is supported by its composable architecture, allowing lenders to improve origination, servicing, collections, and payments using a modern lending core. More information is available at www.loanpro.io.
