The Connecticut Bank and Trust Company Selects Harland Financial Solutions' SPARAK(R) Core Account Processing Solution
01 November 2003 - 6:16AM
PR Newswire (US)
The Connecticut Bank and Trust Company Selects Harland Financial
Solutions' SPARAK(R) Core Account Processing Solution De Novo Bank
Will Implement Core and Peripherals for Complete Solution ATLANTA,
Oct. 31 /PRNewswire-FirstCall/ -- Harland Financial Solutions,
Inc., a subsidiary of John H. Harland Company , today announced
that it has been selected by The Connecticut Bank and Trust Company
(In Organization) of Hartford, Connecticut to provide a complete
solution to address the de novo's technology needs. Among the
products to be implemented are the SPARAK(R) System core account
processing solution, ArcImage(R) check imaging, EZTeller(R), Laser
Pro(R) loan origination, and Deposit Pro(R) account origination.
"Harland Financial Solutions is a complete turnkey operation,
providing us with the core system and everything that goes with
it," said Anson Hall, director of The Connecticut Bank and Trust
Company. "Initially, we heard from 19 vendors before choosing five
for a closer look. In the end we chose Harland Financial Solutions
based in no small measure on the strength of the company itself.
Its capital strength and commitment to the banking industry are
evident in the complete range of services it is providing." The
Connecticut Bank and Trust Company was also impressed with the
demonstrated capability of the SPARAK System. "We visited other
banks and spoke to management teams currently running the SPARAK
System and were able to watch it work under stress," Hall said.
"The system does what we need it to do. It is very responsive to
our needs and is able to deal with the marketplace as it exists
today, not as it existed 20 years ago." "Other vendors professed to
have this level of expertise, but they didn't have the financial
muscle and impact that Harland Financial Solutions does. With
Harland Financial Solutions, we have added confidence because
community banking is such a large percentage of their business, and
we know that they will still be around for years to come," Hall
said. In addition to technology, The Connecticut Bank and Trust
Company valued the human aspect within Harland Financial Solutions.
"We were impressed with the people within the organization that we
met along the way: solid, sound people with experience on both the
banking and vendor sides of the industry," Hall said. "We welcomed
their expertise to help us find the answers we needed throughout
our selection process." "In today's competitive banking
environment, de novo institutions are becoming increasingly focused
on technology as the key competitive advantage they need to achieve
their growth goals," said Steven Anderson, senior vice president
and general manager of Harland Financial Solutions' bank core
systems group. "With our complete end-to-end banking solution and
highly experienced staff, Harland Financial Solutions can deliver
that competitive advantage to The Connecticut Bank and Trust
Company." SPARAK, EZTeller, Laser Pro, and Deposit Pro are
registered trademarks of Harland Financial Solutions, Inc. All
other brands and products or services are trademarks and/or service
marks of their respective owners, may be registered, and should be
treated appropriately. About The Connecticut Bank and Trust Company
The only full-service commercial bank to be headquartered in
downtown Hartford, The Connecticut Bank and Trust Company's goals
include being an active participant in the revitalization of the
downtown area by specializing in commercial lending and home
ownership initiatives. After completing its initial sale of
1,850,000 shares of stock at $10.00 per share in 76 days, The
Connecticut Bank and Trust Company has raised $18.5 million in
capital. The de novo is scheduled to commence operations in early
2004 with locations in Hartford, Glastonbury, and West Hartford.
About Harland Financial Solutions Harland Financial Solutions (
http://www.harlandfinancialsolutions.com/ ) supplies software and
services to thousands of financial institutions of all sizes.
Harland Financial Solutions is a leader in deposit & loan
origination, platform, teller, call-center, mortgage, business
intelligence, core systems, customer relationship management
systems, and compliance training software. About Harland
Atlanta-based John H. Harland Company (NYSE:JH) (
http://www.harland.net/ ) is listed on the New York Stock Exchange
under the symbol "JH." Harland is a leading provider of software
and printed products to the financial institution market. Harland's
software solutions include, deposit & loan origination,
platform, teller, call-center, mortgage, business intelligence,
core systems, and customer relationship management systems.
Harland's printed products offerings include checks, direct
marketing and financial forms. Scantron Corporation (
http://www.scantron.com/ ), a wholly owned subsidiary, is a leading
provider of both paper and electronic-based services and systems
for the collection, management and interpretation of data to the
financial, commercial and educational markets. This press release
contains statements, which may constitute "forward- looking
statements." These statements include statements regarding the
intent, belief or current expectations of John H. Harland Company
and members of its respective management, as well as the
assumptions on which such statements are based. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties and that actual results may differ materially from
those contemplated by such forward-looking statements. Reference is
made to the Risk Factors and Cautionary Statements in Harland's
Form 10-K and Form 10-Q filed under the Securities Exchange Act.
DATASOURCE: John H. Harland Company CONTACT: Media, Scott A.
Hansen, Vice President, Marketing of Harland Financial Solutions,
+1-800-778-5667 x6602, or ; or John Pensec, Director of Corporate
Communications of John H. Harland Company, +1-770-593-5443, or Web
site: http://www.harland.net/
http://www.harlandfinancialsolutions.com/ http://www.scantron.com/
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