Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced that Mountain 1st Bank and Trust has elected to replace its current core processing solution with Metavante's Integrated Banking Solution.
Established in 2004 with assets now exceeding $600 million, Mountain 1st Bank and Trust, based in Hendersonville, N.C., is one of the fastest growing de novo community banks in the Southeast.
Mountain 1st Bank and Trust has entered into a long-term agreement with Metavante for a suite of banking and payments technology products and services. The inclusive agreement includes offerings from Metavante's consumer and business electronic banking solutions, electronic fund transfer and card, customer relationship management, branch and merchant capture, and risk and compliance.
"Similar to how we strive to provide our customers with a superior 'Mountain 1st Experience,' we were provided with a great 'Metavante Experience' from start to finish. Actions speak louder than words and Metavante proved that they believe in customer service as much as we do," said Lee Beason, chief operating officer, Mountain 1st Bank and Trust. "We wanted a core provider like Metavante that's keeping pace with technological advancements, since many processors are using antiquated software programs and are not in tune with today's customer demands. Metavante is providing the tools, software and equipment to help us deliver service worth talking about."
Metavante will provide Mountain 1st Bank and Trust with the tools needed to better understand and communicate with its customers. Through the delivery of banking solutions products from Metavante's Customer Information System and Enterprise Contact Management, the bank will be better equipped to effectively manage its relationships through the provision of a more complete view of its customers. Metavante's supported service delivery and conversion capability will allow these offerings to integrate easily with its core processing platform.
"We continue to leverage our ability to scale operations and our significant investments into the banking and payment areas, and are now seeing these solutions being valued by financial institutions such as Mountain 1st," said Paul Danola, president, Metavante Financial Institutions Group. "Our advancements in core, delivery channels and analytics coupled with our robust payments engine, allows our clients to be well positioned in a very dynamic market, today and into the future."