Florida-based Community Bank of Broward has signed a five-year agreement with London Bridge Group for the ASP-based deployment of its Phoenix banking system.
Under terms of the deal, the newly formed bank will use Phoenix for its full core processing operations across its initial three branches. The bank is planning to open three additional offices by the end of 2002.
Bruce Keir, president and CEO, comments: "We are confident that the Phoenix System will allow us to accomplish our goals from the onset, as well as provide us with the room to grow as an institution."
The Phoenix system is delivered in a client/server environment, with data stored on an NT-based server in an SQL-compliant relational database. Data is accessed through a Novell or NT network of workstations that are standard Intel-based PCs, using a Windows graphical user environment.