El Dorado Savings Bank extends Metavante processing agreement

Source: Metavante

Metavante Corporation, the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced that Placerville, Calif.-based El Dorado Savings Bank has renewed and expanded the scope of its long-term agreement for Metavante's processing services.

With assets exceeding $1 billion, El Dorado Savings Bank has 34 branch locations in northern California and northern Nevada.

El Dorado extended its core account processing agreement and added several Metavante banking and payment technology solutions including: check imaging solutions, electronic banking, consumer online bill pay, debit and prepaid card processing, card personalization and fulfillment, and ATM driving. El Dorado Savings Bank also named NYCE its primary network for ATM and retail PIN debit access, contributing 35,000 cards and 33 ATMs to Metavante's NYCE Network.

"Throughout our relationship, Metavante has demonstrated a high level of consistency and reliability in meeting our business needs," said Thomas C. Meuser, chairman and chief executive officer, El Dorado Savings Bank. "As our organization expands its customer offerings, we are confident Metavante's full suite of banking and payment solutions will allow us to tailor our products and services to meet and exceed the expectations of our valued customers. This renewal and expansion demonstrates El Dorado's confidence in Metavante as an alliance we require now, and in the future."

"El Dorado Savings Bank exemplifies how Metavante continues to successfully provide a broader and more diverse set of banking and payments services to our client base," said Jamie Geschke, president, Metavante Banking and Trust Solutions. "Through our latest solutions and ongoing support, El Dorado can stay competitive and continue to be a strong player in its region, which promotes our corporate strategy of enabling banks to be market leaders."

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