“Our third-party IT auditor said the Optimize Vendor Management Service is perfect – what we need to be tracking.”

Jeff Ropp
CTO, Plains State Bank, KS

“Your comments on the contract documents were really, really good… Masterful job on the pricing. I’m elated.”

Kyle Russell
CEO, Verus Bank, Derby, KS

“The overall process was non-intrusive and the information requested was not difficult to provide…It was all based on what was realistic for our bank and our processes. The experience was a good one and we feel that we received value for our dollars.”

Yuvonne Watt
Chief Operations Officer, First National Bank, Vinita, OK

“We just didn’t get it done. We didn’t have the time. You were very conservative with your estimates. The other value you bring is the knowledge you have.”

Zach Hall
President, Exchange Bank, Perry, OK

“Our recent Profit Review proved to be most helpful in identifying several, easy to initiate, cost saving practices…Thank you for your professionalism and for working with us to improve many income and expense areas of our bank.”

Debbie Hill
CFO, Citizens Bank, Ardmore, Oklahoma

“A truly outstanding effort and result.  Your work ethic, demeanor, and razor-sharp intelligence resulted in a project team that was absolutely unbelievable.”

Kevin Chase
Chairman, Verus Bank, Derby KS

“You are a little different than most people that come in wanting to help us – more shirt sleeves and digging into the weeds. You guys peeled the onion back. It helped us get out of the humdrum and see some things we had missed. I was impressed with you guys.”

Roger Arwood
CEO, Citizens Bank & Trust, Chillicothe, MO

Karns Profit Improvement®

Helping Financial Institutions Improve Profit and Franchise Value Since 1986

Karns Profit Improvement® is an independent financial consulting firm. As former financial executives with decades of experience, we specialize in helping financial institutions grow profits. Our Optimized Vendor Services, contract negotiations skills, and practical profit improvement recommendations will improve your profitability and your franchise value.

Maximizing profits with vendor management

Optimize Vendor Services helps financial institutions optimize your return on third-party service providers. With our specialized expertise, we optimize vendor relationships to ensure you have complete, current and actionable information to strategically lower cost, improve service and reduce risk. Learn more about lowering your costs along with the added benefit of better risk management with this premiere service.

Lower Cost – Improve Service – Reduce Risk

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IT Contract Review and Negotiation – verifiable history of lowering cost and improving terms

Trust KPI with your IT contract negotiations. We understand these very complex, critical and costly dialogues. Learn more about lowering costs and improving terms on your next IT contracts..

Lower Costs and Improve Terms

Negotiating any vendor contract takes time, research, planning, and knowledge. When it comes to IT and technology services that are so crucial to your financial institution, this process is even more critical and complex. Missed opportunities can be very costly.

There is a high ROI for knowing the market and the process.

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Practical recommendations to improve margin, fee income, and lower expenses

Non-intrusive. Thorough. Practical. Profit ReviewsKPI lead to strategies that lead to greater profits. Learn more about ways to improve your financial institution’s bottom line.

We Help Find and Accelerate Additional Income

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A Synergy of Results

Our 30 years of experience has shown that when executives allow us the privilege of helping them, the results exceed what either of us could achieve alone.

Changes to Bank Account Pricing Structures Are Inevitable

Changes to Bank Account Pricing Structures Are Inevitable Continued low interest rates and the high cost of technology are causing banks to restructure deposit account pricing. Here is what you have been able to find fairly easily with…

Do You Really Think Your Local Bank is "Evil"?

Do You Really Think Your Local Bank is "Evil"? For the last three years everything you have heard about banks has been negative. The criticism is all over the board. Banks: ruin lives by lending to people who cannot pay it back; mislead…

The Pro's and Con's of Rewards Checking Programs

The Pro's and Con's of Rewards Checking Programs Because we have had the opportunity to evaluate the results of several Rewards Checking programs, banks occasionally seek our opinion. Many banks offer the product, and some well-managed banks…