First Citizens Bank Selects HP to Support Automation Upgrade.Business Editors PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif., & RALEIGH, N.C.--(BUSINESS WIRE)--June 19, 2003 HP Technology to Provide Branches with Adaptive Infrastructure to Increase Operational Efficiency First Citizens Bank, a subsidiary of First Citizens BancShares First Citizens BancShares, Incorporated is a bank holding company headquartered in Raleigh, North Carolina. As of early 2007, it had $15.7 billion in assets and was the 48th largest bank holding company in the United States.[1] The company has over 4431 employees. Inc. (Nasdaq:FCNCA), has named HP (NYSE NYSE See: New York Stock Exchange :HPQ HPQ Hewlett-Packard Corporation (NYSE) HPQ High Priority Queue ) as its partner for a technology automation upgrade for its 341 branches in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Virginia and West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. . The upgrade also will be used at more than 40 offices for BancShares' other subsidiary, Atlantic States Bank, in Georgia and Florida, and Atlantic States' division, IronStone ironstone a natural ore which may contain significant amounts of fluorine and cause fluorosis in cattle grazing pastures in the vicinity of a factory which calcines the ore. Bank, in Texas, Arizona and California. The agreement calls for 4,000 Compaq Evo The Compaq Evo was a series of business desktop and laptop PCs made by Compaq and Hewlett-Packard (following the 2002 merger). The Evo brand was introduced by Compaq in May 2001 as a business-oriented brand, and replaced Compaq's Deskpro brand for desktops and Armada for its D510 Small Form Factor desktop PCs, 700 industry-standard HP ProLiant ML310 servers and an upgrade to the bank's printing network, including the installation of 1,200 HP Jetdirect connectivity cards. The technology upgrades, which are to be installed in phases over the next 12 months, will be deployed at First Citizens branches. The HP ProLiant servers and Compaq Evo desktop PCs will support retail branch operations, including specialized customer service and administrative functions. The upgrade of the printing network will provide enhanced printing capabilities and response. "This HP technology will help us increase our operational efficiency and deliver enhanced services to our customers," said Joe Cooper For the ice hockey player, see Joe Cooper (ice hockey). For the American businessman and politician, see Joe Henry Cooper. Joe Cooper (born 18 Sept 1888 in Kittanning, Pennsylvania – 7 Aug 1915 in West Des Moines, Iowa) was an American racecar driver. , executive vice president for technology and operations, First Citizens Bank. The upgrade will allow First Citizens to consolidate and deliver information from multiple areas of the bank on a single system, providing increased customer service and a simplified branch-operating environment for customer service representatives. Benefits of the new technology include enhanced intranet capabilities and additional levels of information security. The selection of HP as technology provider for First Citizens' upgrade is an extension of an eight-year relationship with HP. "Over its more than 100 years in business, First Citizens Bank has built a reputation for providing customer service above and beyond the norm," said Mark Bubar, director of banking, HP Enterprise Systems Group. "We are proud that HP's scalable, flexible technology will contribute to maintaining that reputation for many more years." HP was selected from among four finalists to supply the technology for the branch automation upgrade. "We work hard to maximize our investment in IT infrastructure," said Cooper. "We are satisfied that we are accomplishing this with HP as our technology partner. Our confidence in HP and its technology was a key factor in our decision to install this equipment." CompuCom, a Dallas-based provider of IT outsourcing, technology procurement and systems integration and an HP reseller, will provide fulfillment and installation of the equipment. About First Citizens Bank Founded in 1898, First Citizens operates 341 branches in 202 cities and towns in North Carolina, Virginia and West Virginia. Headquartered in Raleigh, N.C., the bank has $12.23 billion in assets. First Citizens Bank is committed to providing superior financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to individual customers and small to mid-sized businesses. For more information about First Citizens and its services, visit one of the bank's branches, call toll-free 1-888-FC DIRECT (1-888-323-4732) or visit the Web site at www.firstcitizens.com. About HP HP delivers vital technology for business and life. The company's solutions span IT infrastructure, personal computing Refers to users working on their own computers rather than a terminal to a mainframe. Sometimes, the term refers to using computers at home for work and/or entertainment in contrast to business use only. See personal computer. and access devices, global services and imaging and printing for consumers, enterprises and small and medium business. For the last four quarters, HP revenue totaled $70.4 billion. More information about HP is available at http://www.hp.com. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the proposed contract may not be entered into on the terms currently contemplated or at all; that the market for the sale of certain products and services may not develop as expected; that development and performance of these products and services may not proceed as planned; and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to HP's quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended January 31, 2003, and subsequently filed reports. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, HP's results could differ materially from HP's expectations in these statements. HP assumes no obligation to update these forward-looking statements. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion