About Us

MBS has more than 50 years banking experience.

What we are.

We’re a core data processing technology company that puts you ahead of technology. We listen to you before we offer any solutions.

We talk about processes before processors. We specialize in community banks and respect that your bank is unlike any other bank. You have your own set of goals, challenges, and opportunities. And we’ll help you integrate technology that’s designed to meet those goals, overcome those challenges, and maximize your opportunities. We pride ourselves on providing reliable, personalized service to make sure you’re getting the most from your core solution. Not only is our approach a little different, so is our business. If this works for you, we can definitely help your bank.

Who we are.

Modern Banking Solution (MBS) is a leader in core bank processing software, solutions, and technology innovation. We examine the challenges facing today’s community banks and provide solutions so you can operate an efficient and successful business. We offer hosted, in-house, service center, and service bureau (outsourced) solutions designed specifically for community banks.

Maintaining a satisfied customer base is one of our highest priorities. This is achieved by giving our customers support services that are unequaled in the industry. Our solid technology background combined with the latest breakthroughs in performance-enhancing solutions allow us to offer our customers fast, efficient, and cost-effective solutions that help improve and grow their financial institution.

MBS partners with community banks to deliver flexible, real-time core processing solutions. Leveraging our knowledge of the bank industry, we’re able to create world-class core processing solutions that incorporate more than just the latest technology. We offer flexible and scalable solutions for our in-house, hosted, service center, and service bureau (outsourced) platforms–each with a powerful integration feature. We develop products that match your needs, function the way you operate, and incorporate the work flow you prefer. We understand banking and we can help evaluate risk, enable regulatory compliance, and safeguard your reputation. We adapt as your needs change, with speed, efficiency, and cost-effectiveness that larger companies just can’t match. Our core banking solutions and responsive service strengthen your bank’s infrastructure, enabling you to deliver best-in-class banking to your customers.

Interstate Business Equipment, our parent company, was founded in Omaha, Nebraska in 1963 to provide community banks with hardware, sales, and support services.  Two fundamental philosophies have always been our driving force:

  1. We believe our customers are our partners.
  2. We will provide a complete solution to our customers.

For more than 50 years, we have continued to be independent, and to build our business based on providing a total solution and a strong partnership with our clients.

Modern Banking Systems was founded in 1975 and quickly established itself as a single-source core data processing provider. Today, we’re a leading provider of core banking software and solutions for community banks. We are a small company made up of some really big thinkers.

Bob Neville, President Modern Banking Systems

We know that our customers’ success is our success. We use customer-centered focus groups to identify and implement changes to our core. It’s important to understand what challenges and regulations our community bank’s face; what they need to make their jobs secure and more efficient; and what tools are necessary for a bank to understand and respond to their connected customers. Our goal is to know our customers so well that we can anticipate their changing needs and to proactively provide the right solutions. The better you know your customer, the better chance of success. Knowing your customer is key.

Bob Neville, President, MBS

Our bank core data processing software is continually progressing with ongoing enhancements, the regular introduction of new products and services, the integration of new technologies, and strict regulatory compliance. We believe our customers have the best insight to what their customers want and need; therefore, we regularly gather input from our customer-based focus group.  We value the community banker’s suggestions and ideas regarding future enhancements. This win-win feedback process leads to incorporating functional innovations regularly.

MBS has provided our bank with service and support for thirty years. It is important to do business with people you trust and understand. MBS makes and keeps their commitments.

Jay Randall, Community Bank, Dunlap, IA
$96M in assets

Partnership Philosophy
Our partnership philosophy provides protection for your investment far beyond historical industry norms. We always start our process by an in-depth interview in addition to completing a detailed survey of what your bank requires to stay competitive and to meet customer demands. Next we design a total solution that is specifically tailored to meet your and your customer’s objectives. Finally, since every bank is unique, every solution is also unique. Your solution is created just for you, giving you what you want and what your customers want.

Privacy Policy
We believe strongly in our clients and in their customer’s confidentiality and information privacy.  We will not provide access to, or publish any client or client customer data without the expressed written consent from the client.  We recognize the significance of our client’s regulations, such as the Gramm-Leach-Bliley Act and the Right to Privacy, and has instituted procedures to comply with the requirements.


Dan Cronin founded Interstate Business Equipment, Inc. (IBE) in 1963, after spending 15 years with National Cash Register (NCR) in marketing and product development.  IBE provided refurbished Proof and Post-Tronic machines, programming, and hardware maintenance to community banks.  IBE developed a hardware service customer base of more than 300 banks.  

In 1975, when the mini-computer came of age, Modern Banking Systems, Inc. (MBS) was founded to develop and market turn-key electronic data processing solutions to community banks as a subsidiary of IBE in Omaha, Nebraska.  Today, MBS and IBE support community bank core installations throughout the country in banks ranging from $8 million in assets to over $2.1 billion in assets.  The IBE and MBS staff today consists of over 60 people involved in program development, installation and training, customer service, hardware research, maintenance and repair, operational consulting, and marketing activities.