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Bar Harbor Banking and Trust Company to Implement Information Technology, Inc. Software Solutions.


BAR HARBOR Bar Harbor, town (1990 pop. 2,768), SE Maine, on Mount Desert Island and on Frenchman Bay; settled 1763, inc. 1796. It was a famed New England resort during the 19th cent. Bar Harbor is a port of entry, with ferry connections to Yarmouth, N.S., during the summer. , Maine--(BUSINESS WIRE)--Nov. 11, 1999--

Bar Harbor Banking and Trust Company, a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of Bar Harbor Bankshares in Bar Harbor, Maine Bar Harbor, Maine, may refer to:
  • Bar Harbor (town), Maine
  • Bar Harbor (CDP), Maine, a census-designated place within the town of Bar Harbor
, announced that it has signed an agreement to replace its current in-house data processing system with software provided by Information Technology, Inc. (ITI (Information Technology Industry Council, Washington, DC, www.itic.org) Formerly the Computer and Business Equipment Manufacturers Association (CBEMA), founded in 1916. ITI is a membership organization composed of approximately 30 large high-tech companies. ) of Lincoln, Nebraska.

"Serving our customers since 1887, Bar Harbor Banking and Trust Company has always been at the forefront of providing personal service utilizing the latest technological advancements. We are continuing this tradition by implementing ITI's comprehensive software solutions," said Sheldon F. Goldthwait Jr., Bar Harbor President and Chief Executive Officer.

"Bar Harbor Banking and Trust Company is an independent, publicly owned community bank that has a distinguished reputation for personal service. ITI's robust and totally integrated applications provide stability with user-friendly functionality, allowing us to focus on customer service."

With $455 million in assets, 10 full-service banking offices and two trust and investment offices, Bar Harbor Banking and Trust Company serves an extensive and diverse customer base.

"We have always given our customers choices to meet their needs and preferences. By implementing a data processing system that is completely integrated, we will be able to offer new products, expand current ones and improve quality control," Goldthwait said.

Bar Harbor Bankshares is a public company with shares traded on the AMEX AMEX

See: American Stock Exchange
 under the symbol BHB BHB Bar Harbor, ME, USA (Airport Code)
BHB Bachelor of Human Biology
BHB Black Hat Briefing (conference)
BHB Bald Headed Bastard
BHB Block History Buffer
.

ITI is the leading provider of software solutions to America's financial institutions. ITI's professional services provide the banking expertise to assist customers in meeting their aggressive time-to-market objectives. Consulting services include evaluating clients' overall needs for business process design and overall project management.

More than 3,600 institutions, including banks, thrifts, credit unions and finance companies, have selected the ITI Premier II suite of integrated software. Premier II provides superior functionality for the processing of core banking applications. The ITI Connect3 product suite, with its associated delivery channels - including telephone, kiosk and personal computers - delivers both Internet and private network banking into the homes and offices of customers and prospects. Additionally, ITI offers over 50 software solutions, including management information systems, data warehousing systems, document processing systems, image based check and document management systems, and platform automation systems that manage account processing, balancing and new account fulfillment. For more information about the company, access the ITI home page on the World Wide Web at www.ITIwNET.com.

ITI is a wholly owned subsidiary of Fiserv, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:FISV FISV Fiserv, Inc (stock symbol) ), an independent, full-service provider of integrated data processing Noun 1. integrated data processing - automatic data processing in which data acquisition and other stages or processing are integrated into a coherent system
IDP

automatic data processing, ADP - data processing by a computer
 and information management systems to more than 10,000 firms in the financial industry. Fiserv is headquartered in Brookfield, Wisconsin, and can be found on the Internet at www.fiserv.com.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:4EUUK
Date:Nov 11, 1999
Words:442
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