Future Growth of F.N.B. Corporation Includes Technology Partnership With Information Technology, Inc. Unit of Fiserv.Business Editors LINCOLN, Neb.--(BUSINESS WIRE)--Jan. 7, 2002 F.N.B. Corporation, a diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company and one of the nation's largest bank holding companies, has selected 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. ), a subsidiary of Fiserv, Inc. (Nasdaq: FISV FISV Fiserv, Inc (stock symbol) ), as its financial technology solutions provider. ITI's entire suite of integrated software Separate software components or applications that have been combined into one package. See integrated software package. will be used by F.N.B. at all of its 155 offices in Florida, Pennsylvania, Ohio and Tennessee. Steve Powell, 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 the Customer Service Center of F.N.B., said the company was looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a technology partner that would help a large bank achieve its growth goals. "We didn't want to hire a software vendor just to solve our technology issues. We could hire coders to do that," Powell said. "ITI is more than that - a technology partner committed to helping us compete effectively with other big banks, and do it more efficiently." Powell cites ITI's browser-based systems as one of the keys to providing the quickest and most accurate response to customers' needs. "Equally important, this technology will help us lower costs," Powell said. "In fact, I can see F.N.B. one day having an Internet-only bank branch that would enable us to reduce the tremendous communication expenses we now incur." From de novo [Latin, Anew.] A second time; afresh. A trial or a hearing that is ordered by an appellate court that has reviewed the record of a hearing in a lower court and sent the matter back to the original court for a new trial, as if it had not been previously heard nor decided. to multi-billion dollar organizations, ITI's Premier II offers an extensive suite of integrated software solutions to meet the needs of financial institutions of all sizes. Among its offerings are e-commerce applications such as Internet banking, and systems that deal with customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), electronic document management, data warehousing See data warehouse. data warehousing - data warehouse and business analysis. Core accounting and platform automation systems also are provided. "ITI offers a comprehensive solution to meet all our technology needs," said Gary Tice, President and CEO of F.N.B Corporation. "This technology partnership will enable us to offer the same products and services as other larger banks, while maintaining a community bank level of service." With a continual pattern of steady growth, both organic and through merger activity, F.N.B.'s current $4.1 billion in assets is projected to increase early this year to $6.7 billion. Already the largest independent bank holding company headquartered in Florida, the company now has a merger pending with Bank of Central Florida (Orlando, Florida). F.N.B. will also become the eighth largest bank holding company in Pennsylvania, and the 65th largest in the nation, upon completion of a merger with Promistar Financial Corporation (Johnstown, Pennsylvania). "With our solid understanding of F.N.B.'s operations and strategic plan, ITI is honored to have the opportunity to serve this financial institution," said ITI President and CEO Mike Young. "Our relationship is one of communication and cooperation on many levels, lending itself to continued success for both of our growing organizations." Information Technology, Inc., a subsidiary of Fiserv, Inc., headquartered in Lincoln, Nebraska, is a top producer of integrated software solutions for the financial industry. More than 3,600 institutions use ITI products and services. ITI can be found on the Web at www.ITIwnet.com. 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 IDP 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 services providers worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance agents and companies, mortgage banks and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv also can be found on the Internet at www.fiserv.com. |
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