Press Release Details

First Trade Union Bank Successfully Implements Q2platform, Resulting in Robust Online Banking Offering

September 11, 2014

Expanded features deliver high-quality mobile banking for retail and business customers

AUSTIN, Texas--(BUSINESS WIRE)-- Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of secure virtual banking solutions for regional and community financial institutions, today announced the successful implementation of its industry-leading digital banking platform with First Trade Union Bank (FTUB). The new platform provides expanded functionality, improved navigation and delivers FTUB clients a unified user experience anytime, anywhere and on any device.

“It has been a pleasure to partner with the First Trade team as we roll out the latest version of our software,” said Matt Flake, Q2 president and CEO. “At Q2, our goal is to strengthen communities by strengthening their financial institutions, so we are happy to have teamed up with First Trade to provide them with the leading-edge technology solutions and virtual banking experience that their clients have come to expect. First Trade is committed to being innovative and ahead of the curve and today, thanks to our partnership, they are continuing to deliver on that promise to their account holders.”

Along with enhancements to personal Online and Mobile Banking, the Q2platform provides First Trade’s commercial clients with full-featured mobile banking as well. The Bank’s corporate clients now have all the sophisticated treasury management features of Business Online Banking accessible from their mobile device with the FT Mobile app. This includes functionality such as wire transfers, check deposit and remittance processing, ACH services, positive pay, account reconciliation, and access to third party First Trade accounts like business credit cards and merchant services.

“When it comes to empowering our clients with the ability to bank anywhere, anytime and on any device, we confidently turned to Q2,” said Michael A. Butler, First Trade’s President and CEO. “Today we celebrate that decision as our personal and business clients alike are enjoying the expanded banking features that these upgrades provided. Q2 offers the most advanced, innovative technology that aligns with our clients’ preference for virtual banking, and it was important for us to partner with a like-minded company that would continue to innovate with us, both in the short-term and in the future.”

About First Trade Union Bank

With assets over $702 million, First Trade Union Bank is an innovative, well-capitalized community bank offering a full complement of business and personal products and services. First Trade has a long-standing reputation for serving consumers, middle market, small businesses, unions, and government entities as its core clients. With a commitment to adopting the most advanced and secure technologies to provide greater flexibility and convenience, First Trade offers anytime/anywhere banking via mobile device, 24-hour ATM service, and remote deposit. Customers can readily access traditional, personalized branch banking at Banking Centers located in Massachusetts and New York. First Trade is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, visit the Bank’s website at

About Q2 Holdings, Inc.

Q2 is a leading provider of secure, cloud-based virtual banking solutions headquartered in Austin, Texas. Q2 enables regional and community financial institutions, or RCFIs, to deliver a robust suite of integrated virtual banking services and engage more effectively with their retail and commercial account holders who expect to bank anytime, anywhere and on any device. Q2’s solutions are often the most frequent point of interaction between its RCFI customers and their account holders. As such, Q2 purpose-built its solutions to deliver a compelling, consistent user experience across digital channels and drive the success of its customers by extending their local brands, enabling improved account holder retention and creating incremental sales opportunities. To learn more about Q2, visit

Source: Q2 Holdings, Inc.

Red Fan Communications

Katie King, 512-551-9253

C: 512-964-9185