FIS™ (NYSE: FIS), the world's largest provider of banking and payments technology, today announced that Country Club Bank has signed a seven-year agreement for its Integrated Banking Services (IBS) core account processing solution. The bank also has elected to deploy several other FIS products, including Mobile Banking, Connections and Payment Manager.
Exceptional client service, robust functionality and FIS' ability to provide a fully integrated solution suite led Country Club Bank, one of FIS' newest core banking clients, to select its IBS core processing solution. Founded in 1905, the Kansas City, Mo. bank has assets in excess of $1 billion and operates 20 retail branches in Kansas and Missouri along with affiliated wealth planning services that include a merger and acquisition division, a $1.6 billion trust company, a financial planning and brokerage division with specialists in employee benefit packages, and a fixed income and investment division that banks both consumers and other bankers in 35 states. Critical to Country Club Bank is the personalized quality of relationship banking, the range and ease of products offered through FIS supports this priority.
"For more than a century, Country Club Bank has been serving the people of the Kansas City area," said Bill Teiwes, executive vice president and COO, Country Club Bank. "As time has progressed, our customers' needs have changed. We have to change with them to assure that we are able to offer the services and products that our customers need to make their lives easier. The flexibility of IBS and its integration with our existing products will allow us to accomplish this easily."
Delivering an extensive portfolio of core solutions, FIS is a leader in the core processing market and offers solutions for credit unions, thrifts, commercial, retail and bankers' banks of every size in more than 25 countries. Its solutions meet the unique demands and attributes of each market segment, providing the resources to maximize growth, increase productivity and mitigate risk.
The addition of Country Club Bank follows a strong year for core solutions agreements. The new commitments, representing each of FIS' core account solutions, reflect more than 60 new core agreements signed by FIS in 2010.
"As the economy rebounds, institutions are taking action to plan for future growth," said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. "Our clients are citing ongoing regulatory changes and the need for more efficient and scalable solutions as frequent motivators for replacing their core solutions. Country Club Bank's selection of FIS, and the momentum we experienced in our core sales, is a testament to our ability to deliver proven solutions that meet the unique demands of each market segment."