Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI), today announced multi-year contract renewals with numerous clients for its comprehensive suite of bank outsourcing solutions. In 2003, Metavante completed 24 nationwide contract renewals, 11 occurring in the last six months of the year, with financial institutions whose assets, in aggregate, represent over $35 billion.
Some of the key clients to renew contracts during the third and fourth quarter of 2003 include the following corporations and financial institutions listed by geographic region:Southeast - Synovus Financial Corp., Columbus, Ga.East - Benjamin Franklin Savings Bank, Franklin, Mass.Southwest - MidFirst Bank, Oklahoma CityMidwest - Catholic Family Life Insurance, Milwaukee;Savings Financial Corporation, Hales Corners, Wis.; First National Bank of Stoughton, Stoughton, Wis.;Community Central Bank, Mount Clemens, Mich.;The Herget National Bank of Pekin, Pekin, Ill.
"Many of our clients are looking for more innovative ways to serve their customers which require a thorough understanding of their business, markets, and customer base. With 40 years of experience in the financial services arena, Metavante has the proven technology capabilities to help our clients successfully capitalize on these opportunities, and enhance the total banking experience of their customers," said Paul Danola, executive vice president, Financial Services Group, Metavante Corporation. "Our clients' willingness to renew their contracts is a testament to Metavante's financial expertise and ongoing commitment to our product offerings. We look forward to continuing our partnership with these valued clients."