Community Bank, N.A. extends outsourcing partnership with Fiserv.PITTSBURGH--(BUSINESS WIRE)--Oct. 18, 1996--Fiserv announced today that Community Bank, N.A. has extended its long-term contract with Fiserv for comprehensive financial data processing services through December 2002. Community Bank, N.A. is a wholly owned banking subsidiary of the $1.2-billion asset, registered bank holding company Community Bank System, Inc. based in Dewitt, N.Y. Community Bank has 49 customer facilities offering a broad range of financial services to both retail and commercial customers located throughout Northern New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , the Finger Lakes Region, the Southern Tier and Southwestern New York. Community Bank Systems, Inc. is also parent to Benefit Plans Administrative Services, Inc. (BPA BPA British Paediatric Association. ), an independent third-party administrator of defined benefit and defined contribution plans located in Utica, N.Y. Community Bank has been using Fiserv data processing systems and services since 1991. Under the contract extension, Fiserv will provide core banking, cash management and telephone banking systems, and consulting services. Community Bank reserves the option to add the Fiserv InformEnt(TM) data warehouse solution, the client/server-based Backroom back·room n. or back room 1. A room located at the rear. 2. The meeting place used by an inconspicuous controlling group. adj. 1. Systems software for call center automation and back office productivity improvement and the Windows(TM)-based Fiserv Account Sales system. Also optional in the contract extension are the Fiserv/Checkfree telephone bill payment system and Fiserv home page development and Internet server support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . Sanford A. Belden, Community Bank President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , cites the strength of his bank's relationship with Fiserv and the quality of the Fiserv products and staff as reasons for extending their contract. "Five years ago, we first shared our strategic plans with Fiserv and were impressed with the package of systems and services they pulled together to help us achieve our goals," says Mr. Belden. "Since then, we've grown together. And now we're extending our contract because we continue to trust Fiserv and the partnership we've built to help Community Bank grow even further." Timothy J. Baker, Community Bank Operations Manager, also values the strategic partnership that Community Bank and Fiserv have developed. "Any processor can offer deposit and lending systems," says Mr. Baker. "But Fiserv also delivers all the additional advanced delivery systems and proven technology solutions we need to compete aggressively and operate efficiently." "Community Bank is one of our showcase clients," says James C. Puzniak, President of the Pittsburgh-based Fiserv information services See Information Systems. business. "Their decision to continue our partnership validates our ability to listen and then integrate efficient core banking systems and advanced technologies into effective solutions. Our experienced staff of bankers and technicians combined with our broad and flexible product mix prepare us like no other data processing provider to help our clients achieve their strategic and tactical objectives." Fiserv, Inc. is an independent provider of financial data processing systems and related information management services and products to more than 5,000 banks, credit unions, mortgage firms and savings institutions worldwide. A publicly held company headquartered in Brookfield, Wis., Fiserv is traded on the 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 over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. under the symbol FISV FISV Fiserv, Inc (stock symbol) . CONTACT: Fiserv, Inc. Kevin Kasper, 414/879-5000 |
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