First National Bank of Pasco signs for Harland's Phoenix System
12 July 2005 | 1979 views | 0
Source: John H. Harland Company
First National Bank of Pasco has expanded its relationship with John H. Harland Company (NYSE:JH) by signing a seven-year agreement to use Harland Financial Solution's Phoenix System as its core processing system.
First National Bank of Pasco will outsource its operations through Harland Financial Solutions' Enterprise Services Center in Cincinnati, Ohio. In addition to the Phoenix System, the bank will begin using Harland Financial Solutions' Intrieve Branch Capture, Item Imaging Services and Image Exchange, bringing the total number of Harland products used by the bank to seven.
The 19 year-old bank has assets of $104 million and three branches, which serve the communities of Dade City and Zephyrhills in Pasco County, Florida. First National Bank of Pasco is a wholly owned subsidiary of Florida Bancshares, Inc., and is locally owned and operated. The bank prides itself on providing both high tech and high touch service to its customers.
The strength and reputation of Harland Financial Solutions in the banking marketplace was a key factor in the bank's decision. As current users of Harland Financial Solutions' Laser Pro(r) and Deposit Pro(r) products, as well as Harland checks, First National Bank of Pasco is well-acquainted with the strength and stability of the company, as well as the level of service it can expect.
"I have had a lot of respect for the John H. Harland Company for many years. I really enjoy doing business with a company that is stable and has been in the financial market for a long time," said J. Lamar Roberts, president and chief executive officer of First National Bank of Pasco. "We hope to make this our last conversion. We believe that with the integration and connectivity the core has to other systems, we have made a great choice and won't have to go through this process of core selection again," added Roberts.
"We feel privileged having been chosen as First National Bank of Pasco's technology partner for its core bank processing," said Raj Shivdasani, president of Harland Financial Solutions' Core Systems Group. "The bank's decision to expand its partnership with Harland Financial Solutions speaks volumes about its confidence in Harland, and the importance in the banking community of aligning with a single provider for multiple technology needs."