Berkshire County Savings Bank installs M&I EastPoint client/server information and processing system.PITTSFIELD, Mass.--(BUSINESS WIRE)--Feb. 10, 1997--Berkshire County 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. , one of Massachusetts' largest locally based financial institutions, announced today that they have successfully completed their move to a totally new generation of information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. systems. The bank's conversion to the M&I EastPoint System was initiated to enhance the $350 million community bank's competitive position. Berkshire County Savings Bank is headquartered in Pittsfield and has a network of six banking locations. "Over the past five years we've been able to identify unique opportunities in our market place," said Michael P. Daly, senior vice president, Commercial Banking and Operations. "The alliance with M&I EastPoint is another means for us to continue to leverage what we see as our real strengths. Berkshire County Savings Bank has been able to prosper by retaining high levels of service and strong community ties. Our enhanced system is going to assist in sustaining our momentum," he concluded. For M&I EastPoint, the addition of Berkshire County Savings Bank to its expanding base of installed banks further demonstrates its leadership position in the in-house information systems market. "We are pleased to have a progressive and growing community bank franchise like Berkshire County Savings Bank choose our system and our company as business partners," said M&I EastPoint President, Dan Shannon Daniel Webster Shannon (March 23, 1865 - October 25, 1913) was 19th century major league baseball player and manager. He began his major league career in 1889 with the Louisville Colonels as their second baseman. . "One of the reasons we selected M&I EastPoint as our technology solution was they take the same approach with their customers that we've been successful with," said Daly. "They get to know their clients and understand the critical components of their businesses. The system they delivered to us reflects this recognition of what makes Berkshire County Savings Bank distinctive," he said. In addition to upgrading information and processing capabilities, Berkshire County Savings Bank has also made public a new name and a new corporate affiliation. Great Barrington Great Barrington is the name of more than one place:
M&I EastPoint is 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 M&I Data Services. M&I Data Services has more than 30 years' experience in the 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 industry, offering advanced software and services to over 800 financial institutions worldwide. M&I Data Services is a division of Marshall & Ilsley Corp. (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 :MRIS MRIS Metropolitan Regional Information Systems MRIS Magnetic Resonance Imaging and Spectroscopy MRIS Medically Recommended Intensive Supervision (parole) MRIS Modernization Resource Information System MRIS Material Readiness Index System ), a $14.4 billion holding company. Both are headquartered in Milwaukee. M&I EastPoint is headquartered in Bedford, N.H. CONTACT: M&I EastPoint Gail F. Crimmins, 603/669-8552 Ext. 223 |
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