Allegiant Conversion of Equality Completed.Business Editors ST. LOUIS--(BUSINESS WIRE)--Nov. 21, 2000 Allegiant Bancorp, Inc. (Nasdaq:ALLE ALLE Alberta Language Learning Environment (University of Calgary, Canada) )("Allegiant") announced today it has successfully completed the conversion of Equality Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. branches data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a system, customer records and branch signage by the close of business Saturday, November 18, 2000. At that time, Equality customers were able to transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting business at all Allegiant Bank's 23 locations. Allegiant Bank is the seventh largest bank serving the St. Louis area and has total assets in excess of $1 billion. The Bank's capital is in excess of $100,000,000 and loans and deposits each exceed $800 million. Allegiant Bancorp, Inc. is the parent company of Allegiant Bank, and is a prominent community banking institution in St. Louis, Missouri. Allegiant Bank offers a full range of banking services, including mortgage banking, brokerage services, insurance products, trust services and cash management products, in addition to traditional retail and commercial loan and deposit products. In September 2000, Allegiant unveiled its new Internet See Web 2.0 and Internet2. banking product that will combine convenience and technology to better serve the needs of our customers. Allegiant will open its 24th branch in Fenton in early 2001. Last week Allegiant announced that it has opened a private banking division and that Art Weiss has agreed to join the Bank to head this new line of business. |
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