Progressive Bank names Fiserv subsidiary ITI as banking technology provider

Source: Fiserv

Fiserv, Inc. (Nasdaq:FISV) said Progressive Bank, headquartered in Winnsboro, La., has named Fiserv's Information Technology, Inc. (ITI) subsidiary as its new banking technology provider.

The $275 million commercial bank offers diversified financial services at six locations and now plans to reach new levels of integration, efficiency and growth by deploying ITI's Premier suite of integrated software.

"Our goal is to have an even better understanding of our customers' total relationship with the bank," said George Cummings, III, president and CEO of Progressive Bank. "Instead of pulling bits and pieces of information from here and there, ITI's Premier suite will contribute to a more complete and accurate picture of those relationships. By knowing our customers better, we can strengthen relationships and more effectively serve needs."

ITI delivers next-generation banking through Premier's openly integrated software and services. Available for both in-house and outsourced environments, Premier offers products for virtually every banking function, including Internet banking, imaging and document management, executive intelligence, relationship management, branch automation and core accounting - all available on the industry's most popular Unisys and IBM hardware platforms. An array of consulting and support services completes the ITI solution.

"Our conversion team took close to a year to choose a new in-house provider, eventually narrowing the list to three," said Cummings. "We felt that ITI best fit our plans for the future, especially when it comes to enhancing customer service and employee efficiency."

ITI President and CEO Tom Cypher thinks that Progressive Bank definitely lives up to its name. "It's great to be associated with such a forward-looking financial institution that recognizes the value of proven technology to meet strategic goals," Cypher said. "We're honored to play a supporting role as their technology partner and fully intend to contribute to their future success."

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