Farmers State Bank Chooses Autobooks to Elevate Small Business Banking

Farmers State Bank Chooses Autobooks to Elevate Small Business Banking. Expanded digital experience will feature tools built specifically for small and micro-business customers.  

Marion, IL: Farmers State Bank today announced that it has elected to embed the Autobooks solution for small businesses into their existing digital banking platform. This partnership will enable Farmers State Bank small business customers to get paid online or in-app, directly inside their online and mobile banking.

 Autobooks is an emerging leader in digital invoicing and payment acceptance and is a leading integrated-payments provider for small business banking. The integration of the Autobooks invoicing and payment acceptance modules into the Farmers State Bank digital banking platform will help small business owners and nonprofits better manage cash flow and keep track of their customers’ payment status. With just a few clicks, this much-needed tool helps users create and send invoices, schedule recurring invoices, and receive card and ACH payments directly into their Farmers State Bank business checking account.

 When asked why he chose to partner with Autobooks, Charles Holland, CEO of Farmers State Bank replied “Autobooks isn't just a partner; they're a source of innovation for small business banking. We've chosen Autobooks to empower our customers because they're not just changing the game – they're rewriting the playbook and ensuring every small business has the tools to thrive, grow, and succeed in today's fast-paced world.”

 In addition to invoicing and online payment acceptance, Autobooks offers cash flow management, accounting, and financial reporting tools as part of its full product suite. With Autobooks, Farmers State Bank can deliver workflow-related services that serve their clients’ immediate needs while increasing engagement, loyalty, and profitability.

 Autobooks partners with the industry’s leading core processing, digital banking, and merchant processing providers so that Farmers State Bank can quickly deploy to market. This set of integrations, coupled with Autobooks best-in-class go-to-market services, has allowed Farmers State Bank to launch in 15 days and start driving immediate small business adoption. 

 “Autobooks is the missing piece our small business owners have been searching for,” says Christine Hankins, President of Retail Banking at Farmers State Bank. “With this partnership, we're not just meeting needs; we're exceeding our small business customer’s expectations.”

About Farmers State Bank: 

Farmers State Bank of Alto Pass is a locally owned and operated community bank. With branches in Harrisburg, Alto Pass, Marion, and Herrin, IL, Farmers State Bank spans across the southern Illinois region. As a full-service bank, Farmers has a variety of products and services to best suit customer needs. Farmers has grown from a bank with $3,000,000 in assets in 1994 to over $325,000,00 in total assets today.

 Member FDIC. Equal Housing Lender.

 About Autobooks:

Autobooks empowers financial institutions of all sizes to better serve and monetize new and existing small business relationships by enabling business owners to send digital invoices, get paid online, manage cash flow, and automate accounting — all directly from their existing online and mobile banking. Because the Autobooks payment acceptance and invoicing tools are directly integrated into digital banking, a financial institution’s existing channels are transformed into a day-to-day destination for businesses — leading to increased deposits, non-interest fee income, and lending opportunities. Over time, Autobooks has been proven to reduce reliance on competing third-party apps, allowing financial institutions to (re)establish primacy in this crucial segment.


Submitted: 04/04/24
Article By: Greater Marion Area Chamber of Commerce