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Business Services Industry

Harland Financial Solutions Expands Presence in Thrift Market With Signing of Three New Core Processing Clients

Business Wire,  July 30, 2007  

LAKE MARY, Fla. -- Broadening its reach in the savings and loan industry, Harland Financial Solutions recently signed agreements with three institutions that purchased the Intrieve([R])Advantage core system, along with a variety of other Harland Financial Solutions products and services.

Released in the late fall of 2006, IntrieveAdvantage is Harland Financial Solutions' outsourced online, real-time core system for thrifts. The new clients include, Pacific Crest Savings Bank of Lynnwood, Washington, Quarry City Savings & Loan Association of Warrensburg, Missouri, and Victory Community Bank of Fort Mitchell, Kentucky.

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"We were really looking for a one-source solution provider. The Harland Financial Solutions integrated suite of products and services provides us with the tools to more effectively build and service our client portfolio," stated Sheryl Nilson, president of Pacific Crest Savings Bank.

The flexibility of Harland Financial Solutions and its product mix are evident with these signings, as each institution possessed different requirements. Quarry City Savings & Loan Association is a $19 million institution converting from a manual environment into a full-service institution. With $93 million in assets, Victory Community Bank sought an integrated solution with an emphasis on mortgages to handle its large volume of home loans. And Pacific Crest Savings Bank, with $138.8 million in assets, plans to move towards a more electronic-focused transaction environment.

"The flexibility of Harland Financial Solutions' product mix positions our institution to compete in today's market, while giving us the resources to support future growth," said David Andrew, executive vice president of Quarry City Savings & Loan Association.

As a testament to solution integration with IntrieveAdvantage, the institutions also purchased additional Harland Financial Solutions products and services, such as Item Processing Services, Financial Management Software, Compliance eAcademy([TM]), Interlinq([R]) E3[R] loan origination, Cavion([R]) Internet Banking, Electronic Funds Transfer, Active:View([R]) Content Management and Voice Master.

"As an institution focused on lending, we required an integrated yet comprehensive solution to meet very specific needs. Harland Financial Solutions' offering is the best fit for our business model," said Tara Kersting, vice president and controller of Victory Community Bank.

"These three unique core solution deals exemplify the depth and breadth of the products and services that Harland Financial Solutions brings to the savings and loan industry," said Bill Zayas, executive vice president and general manager of Harland Financial Solutions' Bank Core Systems Group. "As their trusted technology partner, we are able to provide these institutions with a tailored solution to fit their exact technology needs."

About Harland Financial Solutions

Harland Financial Solutions, Inc. (www.harlandfinancialsolutions.com) is a wholly-owned subsidiary of Harland Clarke Holdings Corp. and M & F Worldwide Corp. The company supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. It is a leader in core systems, item processing, enterprise content management, branch automation, customer relationship management, business intelligence, origination and document solutions, risk management, compliance training, financial accounting, open documents, mortgage solutions, electronic funds transfer (EFT), self service solutions and performance advisory services.

The information contained in this press release is accurate at the time of publication. However, service offerings and availability, relationships, contacts and other specified information may change over time.

COPYRIGHT 2007 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning