Evans Bank, N.A., a $740 million full-service community bank and subsidiary of Evans Bancorp, Inc. (NYSE Amex: EVBN), announced today that it selected CoreSoftTM to replace its legacy core platform.
Evans Bank is exclusively focused on providing banking services to the consumers, businesses and municipalities of Western New York. The bank will implement CoreSoft to improve customer experience and enhance the speed to market for new services, boosting its competitive edge.
CoreSoft is a core banking platform provided by VSoft, a global information and technology provider of process improvement solutions for financial institutions. The flexible solution is designed to replace legacy systems with a technology that provides seamless, real-time, high-volume and high-performance transactions across multiple channels, supporting all the deposit and lending activities.
"This is a transformational time for Western New York; banks are moving out of the area, or are focused on other areas. We see this as an opportunity to improve Evans Bank and provide added customer value, encouraging customers, businesses and municipalities to take charge and choose the best banking relationships available to them," said David Nasca, president and CEO of Evans Bank. "CoreSoft provides us with the infrastructure necessary to improve our offerings; it delivers the robust product capabilities on a system that is easy to understand, use and support."
Evans Bank expects to implement the new core platform during the second half of 2012. CoreSoft's scalable infrastructure will help the bank attain growth strategies both immediately and in years to come.
"As a growing community institution dedicated to fostering relationships with local customers, businesses and municipalities, Evans Bank is an excellent fit for CoreSoft's open and performance enhancing infrastructure," said Murthy Veeraghanta, chairman and managing director, VSoft Corporation. "The bank is positioning itself to be an invaluable asset to the community; it is developing the infrastructure to meet its immediate goals while also providing the scale and flexibility to attain long-term growth objectives."