ATLANTA, July 11, 2005 (PRIMEZONE) -- First National Bank of Pasco has expanded its relationship with John H. Harland Company (NYSE:JH) by signing a seven-year agreement to use Harland Financial Solution's Phoenix System as its core processing system.
First National Bank of Pasco will outsource its operations through Harland Financial Solutions' Enterprise Services Center in Cincinnati, Ohio. In addition to the Phoenix System, the bank will begin using Harland Financial Solutions' Intrieve Branch Capture, Item Imaging Services and Image Exchange, bringing the total number of Harland products used by the bank to seven.
The 19 year-old bank has assets of $104 million and three branches, which serve the communities of Dade City and Zephyrhills in Pasco County, Florida. First National Bank of Pasco is a wholly owned subsidiary of Florida Bancshares, Inc., and is locally owned and operated. The bank prides itself on providing both high tech and high touch service to its customers.
The strength and reputation of Harland Financial Solutions in the banking marketplace was a key factor in the bank's decision. As current users of Harland Financial Solutions' Laser Pro(r) and Deposit Pro(r) products, as well as Harland checks, First National Bank of Pasco is well-acquainted with the strength and stability of the company, as well as the level of service it can expect.
"I have had a lot of respect for the John H. Harland Company for many years. I really enjoy doing business with a company that is stable and has been in the financial market for a long time," said J. Lamar Roberts, president and chief executive officer of First National Bank of Pasco. "We hope to make this our last conversion. We believe that with the integration and connectivity the core has to other systems, we have made a great choice and won't have to go through this process of core selection again," added Roberts.
"We feel privileged having been chosen as First National Bank of Pasco's technology partner for its core bank processing," said Raj Shivdasani, president of Harland Financial Solutions' Core Systems Group. "The bank's decision to expand its partnership with Harland Financial Solutions speaks volumes about its confidence in Harland, and the importance in the banking community of aligning with a single provider for multiple technology needs."
About First National Bank of Pasco
First National Bank of Pasco is a wholly owned subsidiary of Florida Bancshares, Inc. Chartered in 1986, the bank is an independent, locally owned bank which provides competitive quality financial services for the businesses and citizens in its market area. The bank, its officers and staff pride themselves on being a friendly, hometown bank, offering both "high touch and high tech" banking. The bank constantly strives to achieve outstanding financial and community oriented performance. As a responsible corporate citizen, the bank's continued goal is to serve the local communities with integrity and pride.
About Harland Financial Solutions
Harland Financial Solutions (www.harlandfinancialsolutions.com), a wholly owned subsidiary of John H. Harland Company, supplies software and services to over 6,000 financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. Harland Financial Solutions delivers core systems, item processing, payment processing, electronic document management, financial accounting systems, electronic documents, deposit & loan origination, customer relationship management, compliance training, branch automation, mortgage lending and solutions consulting.
About Harland
Atlanta-based John H. Harland Company (NYSE:JH) (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 (www.scantron.com), a wholly owned subsidiary, is a leading provider of software 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.