Atlantic Bank Teams With Andersen Consulting, Security First Technologies and Marshall & Ilsley Corporation To Design and Implement Its Internet Banking Solution.

BOSTON--(BUSINESS WIRE)--June 23, 1999--

Atlantic Bank and Trust Company (Nasdaq:ATLB) announced today that it will work with Andersen Consulting, Security First Technologies (Nasdaq:SONE) and the M&I Data Services division of Marshall & Ilsley Corporation (Nasdaq:MRIS) for the design and implementation of its Internet banking solution. It is anticipated that Andersen Consulting, which has helped Atlantic Bank develop its Internet strategy, will continue to provide strategic and technological guidance as well as support for the implementation of Atlantic Bank's strategy.

Atlantic Bank will utilize Security First Technologies' Virtual Financial Manager (VFM) software to power its Internet banking solution. In addition, Security First Technologies will facilitate the solution's front-end transactions through the Security First Technologies' Data Center. Atlantic Bank has engaged M&I to provide a broad business process outsourcing solution that includes deposit and loan services, credit card services, back-end transaction processing, and a customer call center to support its Internet-banking products.

"Andersen Consulting has been providing the strategic guidance that we believe will enable us to build a powerful online banking and financial services capability that is consistent with our overall focus on generating high-yielding assets and funding our activities with deposits gathered without a traditional branch network," said Nicholas W. Lazares, Chairman of Atlantic Bank. "We are excited about the opportunity to ies' VFM software and Data Center, together with M&I's broad based operational support solution and transaction processing capabilities, is intended to provide us with a powerful e-commerce solution to address our customers' rapidlking solution for our customers."

Atlantic Bank will initially utilize Security First Technologies' VFM Banking solution, which gives end users access to multiple accounts 24 hours a day, seven days a week. In addition, end users will be able to transfer funds between accounts, pay bills electronically, view statements and registers, open demand deposit, savings and money market accounts, and purchase certificates of deposit.

Over the longer term, Security First Technologies' VFM Investments and VFM Relationship Management applications will enable Atlantic Bank to offer its customers a complete, integrated view of their personal finances and become a true financial portal. VFM Investments will give Atlantic Bank's customers the ability to manage brokerage accounts, buy and sell stock, effectuate mutual fund transactions, view portfolio positions and other brokerage functions. VFM Relationship Manager will provide customer relationship management through targeted, one-to-one marketing capabilities and a personalized, Internet-based portal where Atlantic Bank's customers can view their financial data and other personalized content.

Atlantic Bank has signed a five-year Data Center contract with Security First Technologies for front-end transaction processing and a five-year contract with M&I for back-end transaction processing and operational support. By outsourcing these capabilities, Atlantic Bank believes it is using the most sophisticated technology available today. These relationships should allow Atlantic Bank to improve its time to market with new products and services and better serve its customers.

The initial phase of Atlantic Bank's web site is scheduled to launch by the end of the third quarter of 1999. In connection with the implementation of its Internet banking strategy, Atlantic Bank expects to incur significant expenses for consulting fees, technology expenses, service fees and related matters, which are currently estimated to be approximately $3.6 million for 1999. Atlantic Bank has incurred or will incur approximately $1.0 million of these expenses in the quarter ended June 30, 1999.

About Atlantic Bank

Atlantic Bank is a Massachusetts-chartered trust company which operates as a commercial bank. We focus on purchasing and managing commercial real estate loans and purchasing, originating and managing leases to finance equipment for small businesses and individuals. We concentrate on business lines intended to produce high-yielding assets, and fund these business lines by utilizing a deposit gathering platform without a traditional branch infrastructure. We conduct our business from our main offices in downtown Boston, a branch in Chestnut Hill, Massachusetts and through our leasing subsidiary in Moberly, Missouri.

About Andersen Consulting

Andersen Consulting is an $8.3 billion global management and technology consulting organization whose mission is to help its clients change to be more successful. The organization works with clients from a wide range of industries to link their people, process and technologies to their strategies. Andersen Consulting has approximately ty First Technologies or S1 (NASDAQ:SONE) buildslementations or can be outsourced to the Securi channel partnerships, has agreed to provide sofgreements to acquire FICS Group, N.V. and Edify Corporation in separate transactions valued at approximately $1.5 billion. The transactions, which are subject to various. Headquartered in Milwaukee, Wisconsin, it offegic product acquisitions and strong growth of ib site at www.midata.com.

Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risk and uncertainties. Atlantic Bank's actual results could differ materially from such forward-looking statements. Factors which could cause such difference include Atlantic Bank's ability to successfully acquire loans at the same volumes and the same yields as it has historically, the level of Atlantic Bank's non-performing assets, changes in interest rates that adversely affect Atlantic Bank's business, Atlantic Bank's ability to successfully conduct our leasing business, Atlantic Bank's ability to successfully complete our Internet banking strategy and the continued growth in use and commercial viability of the Internet, as well as those factors identified under the caption "Risk Factors" in Atlantic Bank's preliminary offering circular filed with the FDIC on Form 8-K on June 22, 1999.