Fiserv, Inc. Finalizes Agreement To Acquire Resources Trust Company from SunAmerica Inc.
BROOKFIELD, Wis.--(BUSINESS WIRE)--May 1, 2000
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) ) said today that it has completed its previously announced agreement to acquire Resources Trust Company (RTC See real time clock. ) from SunAmerica Inc., according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Leslie M. Muma, Chairman, 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. of Fiserv.
Resources Trust Company specializes in the administration of self-directed retirement plan accounts and custodial investment accounts. Based in Englewood, Colorado, the company provides a variety of administrative custodial services, including record keeping, reporting and securities trading for accounts managed by registered representatives and registered investment advisers. RTC performs these custodial services for individual retirement plans, single and multi-participant business plans, and custodial investment accounts.
Fiserv provides similar, complementary services through its Trust Services Group, consisting of its First Trust and Lincoln Trust subsidiaries. With the completion of this acquisition, the Company's combined trust operations will administer more than 368,000 plans with a total asset value over $32 billion.
Fiserv, Inc. (NASDAQ:FISV) is 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
automatic data processing, ADP - data processing by a computer and information management systems to the financial industry. As a leading technology resource, Fiserv serves more than 10,000 financial service providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv also can be found on the Internet at www.fiserv.com.