First Savings Bank Selects Harland Financial Solutions’ Enterprise Offering After Community First Bank Acquisition
PhoenixEFE® Enterprise Solution to support combined bank’s go-forward strategy
Lake Mary, Florida (January 19, 2010) –Harland Financial Solutions recently announced that First Savings Bank of Clarksville, Indiana selected PhoenixEFE® as the enterprise solution for that institution and its recent acquisition, Community First Bank in Cordyon. The solution will be delivered on an outsourced basis.
First Savings Bank and Community First merged in October of 2009, creating an institution with combined assets of $550 million and 14 branch offices throughout Southern Indiana. The newly formed holding company needed a comprehensive solution that would enable the combined institution to quickly capture market share, expand its commercial focus and have the capacity and agility to compete with large banks in the area.
The PhoenixEFE Microsoft®-based .NET technology platform and integrated family of software applications made it the right choice to support the merged bank’s go-forward strategy.
“The contemporary architecture of PhoenixEFE gives us the flexibility we need to get products to market quickly and expand our reach in the commercial market,” said Tony Schoen, CFO for First Savings Bank. “Harland Financial Solutions combined top-of-the-line applications with an agile, scalable, proven core processing solution to create an unbeatable, integrated solution that positions us to compete. Not only can we streamline our commercial loan processing, but everyone in each of our 14 branches can see one complete customer view. That enables us to better serve our customers, and it gives us the tools we need to provide a competitive up-sell. In other words, we can talk to our customers about the kinds of products they really need.”
Along with PhoenixEFE core processing, First Savings Bank will also benefit from integrated teller, accounts payable, electronic content management, electronic funds transfer (EFT), branch capture and item processing, marketing analytics, Outlook integration, Internet banking, and executive dashboard and management analysis capabilities.
“With PhoenixEFE, we not only get a flexible, proven core with integrated wrapper solutions, but we get the exceptional Harland Financial Solutions people as our partners,” Schoen said. “That combination sealed the deal for us.”
“We are proud of our partnership with First Savings Bank,” said Raju Shivdasani, president of Harland Financial Solutions. “We feel confident that PhoenixEFE is uniquely positioned to support this merged institution as it expands its commercial footprint while realizing a new level of efficiency and productivity.”
About Harland Financial Solutions
Harland Financial Solutions, Inc. (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. It is a leader in core systems, business intelligence, branch automation, payment processing, enterprise content management, lending solutions, risk management, compliance, financial accounting, mortgage solutions and self service solutions. The company is a wholly-owned subsidiary of Harland Clarke Holdings Corp., which also owns Harland Clarke and Scantron.
The information contained in this press release is accurate at the time of publication. However, service offerings and availability, relationships, contacts and other specified information may change over time.