Operations Transformation for a $2B Regional Bank
$38M Annual Cost Reduction & 62% Faster Processing
A mid-sized regional bank faced mounting cost pressure, aging processes, and a loan origination system that was leaving commercial clients dissatisfied. The leadership team engaged Apex to diagnose the root causes and design an end-to-end operations transformation.
62%
Reduction in loan processing time
$38M
Annual run-rate cost savings
91%
Client satisfaction score (up from 67%)
180
FTE redeployed to higher-value roles
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The Challenge
The bank's lending operations had grown organically over 15 years, creating a fragmented process with 47 manual handoffs, duplicated work, and average loan processing times of 22 days — nearly double the best-in-class benchmark.
Our Approach
We conducted a full operational diagnostic across six functional areas, mapping 340 process steps. Using the Apex Operational Architecture Framework, we identified $52M in improvement potential across cost, cycle time, and quality dimensions. We then designed and implemented a new operating model over 14 months.
Team: 8 Apex consultants