Metavante (NYSE: MV), a leading provider of banking and payments technology, today announced that Bank of the Ozarks (Nasdaq: OZRK) has renewed its core banking agreement and expanded its relationship with Metavante.
Based in Little Rock, Ark., Bank of the Ozarks is one of the top commercial banking institutions in the state of Arkansas.
A client since 1982, Bank of the Ozarks' renewal marks the expansion of a long-standing relationship using Bankway's in-house core banking solution deployed in 70 locations throughout Arkansas, Texas and North Carolina. The bank also uses Metavante's Branch Capture and Document Image products and is deepening its involvement with Metavante through a recent Merchant Capture agreement, with plans to expand its use of Bankway software and Branch Capture products in the future.
"Our longtime affiliation with Metavante is a testament to the quality and reliability of their product offerings. Bankway's wide-ranging components allow us to provide the same services to our customers as big banks, while maintaining our commitment to personalized service," said Mark Ross, vice chairman, president and chief operating officer, Bank of the Ozarks.
Bankway software is a comprehensive core banking package that uses a single-system, customer-centric architecture. It offers financial institutions an expanded core processing solution with the advantage of strategically organized customer service tools. Bankway software is available as an in-house solution running on multiple hardware platforms, or in a hosted environment.
"Bank of the Ozarks' commitment to Metavante products and services over the past 25 years is evidence of its confidence in our ability to help them reach their strategic business goals," said Rachel Landrum, president, Metavante Banking Solutions - Bankway. "It's an honor to continue a relationship with an institution as respected as Bank of the Ozarks. The commitment to providing exemplary products and dedicated customer service is what allows Metavante to maintain such long-term relationships with its clients."