Metavante Corporation today announced that Harvest Community Bank, headquartered in Pennsville, N.J., has signed a long-term agreement to receive fully outsourced banking technology services. Metavante Corporation is the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI).
Metavante will deliver comprehensive banking and payment services including products and services from its financial account processing, electronic funds transfer and card, electronic presentment and payment and electronic banking, to Harvest Community Banks’ three bank branches.
"Since opening our doors four years ago, Harvest Community Bank has experienced tremendous growth in our local communities," said Dennis Engle, president and chief executive officer, Harvest Community Bank. "We needed to partner with a provider that would greatly improve our product offerings to meet the growing demands of our customers. Metavante has the technology and banking expertise to help us effectively compete with larger financial institutions in the highly competitive Southern New Jersey market."
Harvest Community Bank officially opened for business in January 2000. As a result of its rapid growth, two additional branches were opened in 2003. With over $84 million in total assets, Harvest Community Bank is the fifth largest financial institution in Salem County, New Jersey.
"Our latest agreement with Harvest Community Bank proves once again our ability to deliver a comprehensive suite of products and services to the highly valued community banking market," said Paul Danola, senior executive vice president, Metavante Financial Services Group. "Metavante has the banking technology to support Harvest Community Bank’s growth objectives as well as provide superior customer service to accommodate its expanding branches and staff."