Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced that Citizens Community Bank, a de novo bank located in Ridgewood, New Jersey, has signed a long-term outsourcing agreement with Metavante.
"Partnering with Metavante gives us the ability to take full advantage of all the products and services Metavante offers to support the financial needs of our customers," said Keith VanSaders, senior vice president and chief financial officer, Citizens Community Bank. "Metavante rises above its competitors with the financial expertise of its people and reliability of its technology delivering a breadth of services that allows us to stay competitive in the banking industry."
Citizens Community Bank will use Metavante's banking and payment services including financial account processing, electronic funds transfer and card, electronic banking, and customer relationship management. In addition, M&I Support Services Corporation, a division of Marshall & Ilsley Corporation, will provide item processing and check image-processing services.
"Metavante looks forward to building a long-term relationship with Citizens Community Bank and working with its management team to provide innovative products and services to support their strategic goal of increasing its presence in Northeastern New Jersey," said Paul T. Danola, senior executive vice president and group executive, Metavante Financial Services Group. "Utilization of our technology and financial expertise helps Citizens Community Bank implement its primary business objective of establishing client relationships and developing new business."