AmSouth Bank Expands Relationship With P&H; Web Cash Manager Suite Drives Substantial Growth in Corporate Banking.Business Editors NEWTON, Mass.--(BUSINESS WIRE)--March 9, 2004 Politzer & Haney, the leader in providing financial institutions with corporate banking solutions, announces that AmSouth Bank has significantly expanded its relationship with the firm. AmSouth has been a customer of P&H's since 1998 and now will be adding substantial new functionality to its web-based cash management offering. "P&H's highly scalable Web Cash Manager Suite provides financial institutions with a single platform to serve businesses of all sizes, from the smallest SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent. to the largest corporate," said Paul Savage Paul Savage is a Scottish Musician and Record producer, best known for being the drummer in the Scottish indie rock group The Delgados. Early life Savage was born in Glasgow in January 1971. As a child he grew up in the United States before returning to Scotland in 1983. , P&H VP of Community and Regional Bank Sales. "Web Cash Manager is providing AmSouth with the platform to grow their business banking and cash management customer base, and by enhancing their functionality, they will be able to retire four legacy systems that will result in substantial cost savings." "AmSouth Bank has an excellent reputation as an innovator in the business banking marketplace throughout the South," said Ralph Dangelmaier, P&H President. "We are pleased that they continue to value our commitment to providing banks like AmSouth with industry-leading web-based cash management solutions that give them a leg up on their competition." About AmSouth Bank AmSouth Bank, a leader among regional banks in the Southeast in several key business segments, including consumer and commercial banking, small business banking, mortgage lending, equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. and mutual fund sales, and trust and investment management services, is a banking corporation organized under the laws of the State of Alabama Alabama, indigenous people of North America Alabama (ăləbăm`ə), indigenous people of North America whose language belongs to the Muskogean branch of the Hokan-Siouan linguistic stock (see Native American languages). and a wholly-owned subsidiary of AmSouth Bancorporation AmSouth Bancorporation was a bank holding company headquartered in Birmingham, Alabama, operated as a subsidiary of Regions Financial Corporation. AmSouth was previously known as First National Bank of Birmingham first organized in 1872. . As of September 30, 2002, AmSouth had total consolidated assets of $40 billion, total consolidated deposits of $27 billion and total consolidated equity capital of $3 billion. As of September 30, 2002, the assets of the AmSouth Bank constituted virtually all of the assets of AmSouth. AmSouth Bank's subsidiaries include AmSouth Leasing Corporation, a specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. lender providing equipment leasing; AmSouth Investment Services, Inc., a registered broker-dealer Broker-Dealer A person or firm in the business of buying and selling securities operating as both a broker and dealer depending on the transaction. Notes: Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal that provides securities brokerage services; and AmSouth Capital Corporation, which originates asset-based and secured cash-flow loans. AmSouth offers a complete range of consumer, commercial banking, and wealth management services to businesses and individuals over the phone, through the Internet, or at approximately 600 branch banking offices located in Alabama, Florida, Tennessee, Mississippi, Louisiana and Georgia. About P&H Web Cash Manager Suite The P&H Web Cash Manager Suite is the industry-leading web-based corporate cash management system. It allows financial institutions of all sizes to uniquely package products and services for different markets, or even individual customers, from a single flexible platform. Financial institutions can choose from over 60 different modules for the smallest SOHO client up to the largest corporate client. The P&H Web Cash Manager Suite also provides an infrastructure for integrating other products and services offered by financial institutions. About Politzer & Haney With over 120 financial institutions in production and 20 years of industry experience, Politzer & Haney is the market leader in Web-based corporate cash management. P&H is customer- and banking-focused, with a strong commitment to helping financial institutions meet their strategic cash management objectives. Industry analyst Celent Communications has ranked Politzer & Haney as the number one cash management vendor for three years in a row. P&H leads the industry with an installed base of over 100 customers currently in production. P&H customers range from the largest financial institutions, such as AmSouth, Bank One, Citibank, City National Bank, J.P. Morgan Chase, M&T, Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , Sovereign Bank, and Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. , to credit unions and smaller regional financial institutions. Politzer & Haney is headquartered in Newton, Massachusetts The City of Newton in Middlesex County, Massachusetts, is an important residential suburb of Boston, which abuts it on the east. According to the 2000 census, the population of the Newton was 83,829, making it the tenth largest city in the state. , with offices in nine other states. Additional information can be found at www.ph.com, or by calling 617-796-7700. P&H and P&H Web Cash Manager Suite are trademarks of Politzer & Haney, Inc. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion