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Emigrant Savings Bank to Implement ACBS for Expanding Commercial Loan Portfolio.

JACKSONVILLE, Fla., Aug. 25 /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. , a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, and its Fidelity Information Services (Fidelity) division announced that Emigrant Savings Bank has agreed to implement Fidelity's Advanced Commercial Banking Systems (ACBS) to support Emigrant's rapidly growing commercial lending portfolio. Emigrant Savings Bank is one of the largest and oldest savings banks in New York City and has been actively expanding its presence in the competitive commercial lending marketplace.

Emigrant will deploy ACBS across multiple business lines, including real estate and private banking, to improve the efficiency of processing complex transactions and further enhance the level of service provided to clients and investors. Emigrant will implement ACBS Origination and Servicing, resulting in streamlined deal set-up and loan processing. In addition, the ACBS DataMart will provide true business intelligence allowing Emigrant to have easy access to information to manage their portfolio and provide both management and clients with critical financial information.

Emigrant Savings Bank will use the origination, servicing and business intelligence modules of the ACBS product line in an application service provider (ASP) environment. "The ACBS solution will provide Emigrant with the ability to better service our clients and investors as we expand our presence in the highly competitive world of real estate and commercial banking," said Pat Goldstein, senior executive vice president and chief credit officer at Emigrant Savings Bank. "The efficiencies gained by introducing a leading commercial lending solution to process our complex credits offer the Bank clear advantages as we grow our customer base and enter new markets."

"We are very pleased that Emigrant has chosen to deploy ACBS to support the growth of their commercial lending business," said Richard Levy, president of Fidelity Information Services, ACBS division. "Emigrant will be the tenth organization to have selected our ASP model and will be able to rely on the resources and broad support of Fidelity as they begin to serve new markets and expand their portfolio of loan products."

Emigrant Savings Bank, established in 1850, and headquartered in New York City, is an affiliate of Emigrant Bancorp, Inc., with more than $10 billion in assets. The Company operates an extensive branch network primarily in the New York metropolitan area, and also serves customers in selected markets nationally. Its core businesses include retail and commercial banking, mortgage financing, and private banking. For more information about Emigrant, visit the company's Web site at http://www.emigrant.com/.

Fidelity Information Services' ACBS is an integrated family of commercial lending products that automates the entire range of commercial lending activity, from deal origination, primary syndication, web-based deal publishing through settlement and accounting, to risk management and loan trading. 20 of the top 25 global financial institutions ranked by Tier 1 capital use ACBS commercial loan software. The products operate in real time in any currency. ACBS products run on Windows and IBM i-Series platforms or through an Application Service Provider ("ASP") and are licensed by over 85 leading financial institutions including ABN AMRO, Bank of America, Barclays Capital, Canadian Imperial Bank of Commerce, Dresdner Bank, JPMorgan Chase, Merrill Lynch, PNC and Scotiabank.

Fidelity National Financial, Inc., number 261 on the Fortune 500, is a provider of products and outsourced services and solutions to financial institutions and the real estate industry. FNF is the nation's largest title insurance company, with nearly 31 percent national market share, and is also a provider of other specialty insurance products, including flood insurance, homeowners insurance and home warranty insurance. Through its majority-owned subsidiary Fidelity National Information Services, Inc. ("FIS"), the Company is a leading provider of technology solutions, processing services and information services to the financial services and real estate industries. FIS' software processes nearly 50 percent of all U. S. residential mortgages, it has processing and technology relationships with 45 of the top 50 U.S. banks and more than 2,800 small and mid-sized U.S. financial institutions and it has clients in more than 50 countries who rely on its processing and outsourcing products and services. FIS also provides customized business process outsourcing related to aspects of the origination and management of mortgage loans to national lenders and servicers. FIS offers information services, including property data and real estate-related services that are used by lenders, mortgage investors and real estate professionals to complete residential real estate transactions throughout the U.S. More information about the FNF family of companies can be found at http://www.fnf.com/ and http://www.fidelityinfoservices.com/.

This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be different from those expressed or implied above. The Company expressly disclaims any duty to update or revise forward- looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition and other risks detailed from time to time in the "Management's Discussion and Analysis" section of the Company's Form 10-K and other reports and filings with the Securities and Exchange Commission.

CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and Investor Relations, +1-904-854-8120, dkmurphy@fnf.com; Michelle Kersch, Senior Vice President, Corporate Communications, +1-904-854-5043, michelle.kersch@fnf.com, both of Fidelity National Financial, Inc.

Web site: http://www.fnf.com/ http://www.fidelityinfoservices.com/
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Publication:PR Newswire
Geographic Code:1USA
Date:Aug 25, 2005
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