CSI acquires Hawthorn River to streamline loan processing

By Delisha Fernandes

FinTech CSI, a provider of end-to-end financial software and technology, has acquired St. Louis, Missouri-based software provider Hawthorn River, which offers a modern, single-platform loan origination system (LOS) purpose-built for community banks.

This acquisition will add Hawthorn River’s single-platform loan origination system within CSI’s software platform, and strengthens the companies’ existing technical integration.

It also adds critical functionality to CSI’s comprehensive technology platform, which includes core processing, digital banking, payments, fraud and compliance, and cybersecurity. The integration enhances CSI customers’ loan origination capabilities across all loan types for both commercial and consumer accounts.

David Culbertson, CEO and president of CSI, said, “We’ve made it our mission at CSI not just to advocate for community banks, but to do everything in our power to deliver technologies that solve their most important problems and empower them to compete and scale. Our acquisition of Hawthorn River is the latest step in addressing those needs. Throughout our partnership and in conversations with the Hawthorn River team and customers, it became clear how much their solution resonates with community bankers.”

The acquisition also enables CSI to deliver single-point loan origination solutions to non-CSI community banks through strategic channel partnerships and API integrations with other technology and service providers.

Jon Rigsby, Co-founder and Chief executive officer Hawthorn River, said,  “Community banks today are actively searching for ways to evolve and modernize, but they can’t do it without the support of their technology partners. Where other LOS providers are pricing out community banks or delivering fragmented solutions, we are dedicated to giving community banks the tools and exceptional service they need to scale and thrive.”