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Holding Company Sought a Single Source for Complete Technology Solutions Including Core Processing, Check Imaging, Online Banking, EFT and More
JACKSONVILLE, Fla., March 13 /PRNewswire-FirstCall/ -- Fidelity National Information Services (NYSE:FIS) today announced an agreement with Texas United Bancshares, Inc. (NASDAQ:TXUI) to deliver comprehensive information technology solutions including core processing, check imaging, online banking, EFT, business intelligence and other related applications. Texas United Bancshares, a $1.7 billion holding company (on a pro forma basis as of 2/15/06, which includes the recent acquisition of The Express Bank of Texas and the pending acquisition of Northwest Bancshares, Inc.), operates through three wholly-owned subsidiary banks in Texas including State Bank of La Grange, GNB Financial of Gainesville and Gateway National Bank of Dallas.
The holding company has grown dramatically over the past decade through merger, acquisition and branch expansion, with future plans calling for even greater growth. The organization was rapidly outgrowing its technology systems; and because of the acquisitions, different systems were in place at the different banks.
"It was clearly time to look for new alternatives," said L. Don Stricklin, the holding company's president. "As long as change was inevitable, we searched for one technology partner that could offer us a broad range of integrated solutions. We found that FIS' HORIZON core processing solution incorporates virtually every process needed to operate our banks, and it's fully integrated with ImageCentre, a browser-based solution we chose for check processing, document and remittance imaging, and electronic archival. Still, HORIZON's open architecture gives us the flexibility to add third-party applications if we wish."
HORIZON automatically moves debits and credits from all channels through the posting process, resolves the transaction and processes it through to the back office for final reconciliation and reporting. In addition to HORIZON and ImageCentre, Texas United Bancshares also opted for Executive Access for General Ledger(TM), a business intelligence tool that allows bankers to view the organization from the top down and analyze performance in multiple ways; TellerPro(TM), a front-end solution that provides easy access to all customer, account and transaction information within HORIZON; integrated Deposit Origination(TM), the new account platform that incorporates fully compliant forms from Banker Systems; ACquire(TM) enterprise report management that turns data in system-generated reports into usable information that can be dispersed throughout the enterprise; ALLView(TM) document imaging, which allows users to view account- and customer-specific documents at the workstation; FIS' online banking solution, a comprehensive and fully integrated electronic banking solution that allows retail and commercial customers to select the features that fit their unique needs; EFT services that offer ATM and debit card access to regional, national and international ATM and point-of-sale networks; and FIS' integrated card management services that will help the banks manage their growing card portfolios.
"For years, bankers have been telling us that they want to deal with one provider for all their financial technology solutions," said Jim Susoreny, executive vice president for FIS' Integrated Financial Solutions division. "Based on this input, our product development and acquisition strategies have never wavered. We are committed to providing total financial solutions that translate into efficiencies and cost savings for our clients and superior service for the customers they serve."
About Fidelity National Information Services, Inc.
Fidelity National Information Services, Inc. (NYSE:FIS) is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top ten. Nearly 50 percent of all U.S. residential mortgages are processed using FIS software. Headquartered in Jacksonville, Florida, FIS maintains a strong global presence, serving over 7,800 financial institutions and over 100,000 retailers in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visit http://www.fidelityinfoservices.com/ .
FIS is a majority-owned subsidiary of Fidelity National Financial, Inc. (NYSE:FNF), number 261 on the Fortune 500. More information about FNF can be found at http://www.fnf.com/ .
About Texas United Bancshares, Inc.
Texas United Bancshares, Inc. is a registered financial holding company listed on the NASDAQ National Market under the symbol "TXUI." Texas United operates through three wholly-owned subsidiary banks, State Bank, GNB Financial, n.a., and Gateway National Bank, all of which offer a complete range of banking services. State Bank is headquartered in La Grange, Texas with twenty-four full-service banking centers located in central and south central Texas. GNB Financial is headquartered in Gainesville, Texas with seven full-service banking centers located in Cooke, Denton and Ellis counties, north and south of the Dallas-Fort Worth metroplex. Gateway National Bank is headquartered in Dallas, Texas with six Dallas area banking centers. In addition, State Bank operates 11 loan production offices and five limited service branches located in Houston, San Antonio and Austin, Texas.
This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be different from those expressed or implied above. The Company expressly disclaims any duty to update or revise forward- looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition and other risks detailed from time to time in the "Management's Discussion and Analysis" section of the Company's Form 10-K and other reports and filings with the Securities and Exchange Commission.
DATASOURCE: Fidelity National Information Services, Inc.
CONTACT: Mary Waggoner, Sr. Vice President, Investor Relations,
+1-904-854-3282, or , or Michelle Kersch, Sr. Vice
President, Marketing and Corporate Communications, +1-904-854-5043, or
, both of Fidelity National Information Services
Web site: http://www.fidelityinfoservices.com/
http://www.fnf.com/