Lake City Bank licenses P&H Solutions Web Cash Manager

Source: P&H Solutions

P&H Solutions, the leader in providing business banking solutions to financial institutions throughout North America, announced today that Lake City Bank (NASDAQ: LKFN), with assets of over $1.5 billion, has chosen P&H Web Cash Manager as the platform for its commercial business banking operations throughout twelve counties in Northern Indiana.

The new system will provide advanced features and functionality to Lake City's diverse commercial customer base and ensure that Lake City remains competitive with regional and national competitors.

"We pride ourselves on having the look and feel of a local community bank, while providing technical sophistication to meet the needs of our commercial customer base," said Julie Whitehead, Vice President of Corporate and Institutional Services at Lake City Bank. "With Web Cash Manager's single platform and wide range of functionality, we will continue to be able to offer superior commercial business banking services well into the future."

Lake City's implementation of Web Cash Manager will be through the P&H Outsource Solution Center and will include real-time host inquiry, wire transfer, image retrieval, and positive pay functionality. P&H will utilize its industry-leading project management methodologies and seven-step implementation process to ensure that the system is installed on time and on budget.

"Lake City is a great example of a forward-looking institution that wants to offer its business customers access to leading-edge business banking applications while maintaining a "high touch" environment," said Ralph Dangelmaier, President of P&H Solutions. "Web Cash Manager, with its single, flexible platform, will enable the bank to provide a wide range of banking products and services that can be tailored to a customer's needs – regardless of the size of the customer's business. This will clearly give Lake City a leg up on its competition."

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