FNF Fidelity National Financial Inc

Provident Bank and James Monroe Bank Benefit From More Timely Deposits, Greater Efficiencies and Enhanced Market Opportunities JACKSONVILLE, Fla., Oct. 18 /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, and its Fidelity Information Services ("Fidelity") division today announced that two of its image item processing clients will begin taking advantage of Fidelity's growing image-enabled remittance processing services. Baltimore, MD-based Provident Bank and Arlington, VA-based James Monroe Bank both went live during the third quarter, 2005. In addition to serving their retail communities, both banks have commercial clients that receive monthly payments from their customers. With Fidelity's remittance processing (or "lockbox") services, the banks can outsource the processing of those payments to one of Fidelity's image-enabled centers where envelopes are opened and checks and related enclosures are sorted, scanned, imaged, entered and deposited. "For several years, we had been offering remittance processing, but not in an efficient manner," said Bill Howland, vice president and cash management product manager for Provident Bank. "We were using multiple processors in our attempt to find the sophistication we needed in terms of technology. It was unmanageable." In addition to the practical reasons for streamlining and consolidating the function, the bank needed an image-based lockbox to meet the needs of its asset-based loan customers and to effectively compete against larger banks in their markets. Not only does Fidelity offer the full range of image-based remittance processing capabilities, the bank reaps another benefit as a result of the fact that Fidelity's Sterling, Virginia center was already handling their item processing needs. Deposits now go right into Provident Bank's DDA system, without the need to deal with deposit tickets or hand off deposits to another party. "The work is also more accurate now because the posting data and images are captured during lockbox processing, and the items are not re-handled," said Howland. "In addition, the sale of lockbox services is up because Fidelity has helped us simplify operations to the point that our sales force can easily understand it and articulate the benefits. Finally, we are now in a position to make inroads into some market niches with a lot of potential for us; for example, the property managers in our market area. As our bank grows and we approach prospects outside our area, we anticipate being able to leverage the services of other Fidelity centers. I can honestly say that everything we had hoped for is already happening." In addition to its Sterling, VA center, Fidelity also offers remittance processing services in its St. Charles (St. Louis), MO and Woodbury (Long Island), NY processing centers. Fidelity will add remittance processing technology to four additional locations by year end -- Chicago, IL; Norwood, MA; Albany, NY; and New Castle, DE. With more than 50 image-enabled item processing centers nationwide, Fidelity expects to add the technology to additional centers in 2006 as demand and volume in different regions warrants. For James Monroe Bank, one of their very substantial customers was looking for a solution to improve on the quality of their lockbox services. In particular, they were seeking the ability to capture images of not only the checks that were processed but related documents as well, and they wanted to make those images available to their staff. "Fidelity approached us about the time we were looking for a new solution for our clients," said Dick Linhart, the bank's chief operating officer. "Our Fidelity representatives described the new equipment being installed in Sterling where our item processing is currently being handled. We were excited because Fidelity would now have a bigger, more advanced operation than our current processor had, and we already had a long, trusted relationship with Fidelity. Also, the browser-based document imaging system is the same one we use to store our images, so we will be able to view all the images any time -- and so will our customers." Fidelity's end-to-end solution integrates seamlessly with both banks' core processing solutions, enabling timely processing of transactions, smooth operations for the institutions and better service for bank customers. On the retail side, the company can quickly process huge volumes of mail. In addition, Fidelity can manage wholesale payments, including non-scannable forms and enclosures, as well as property management and "wholetail," a combination of wholesale and retail. "Remittance processing services were once feasible only for the super banks," said Randy Fluitt, executive vice president for Fidelity's Integrated Financial Solutions division. "But recent technological advances have made it feasible for most any institution that wishes to take advantage of the opportunity to generate significant revenues and cement relationships with the businesses they serve. The flawless service experienced by these two clients can only be achieved by a company with decades of experience in this specialty, the latest image-based technologies and the in-house technical knowledge to ensure consistent performance -- all of which Fidelity delivers today." About Fidelity National Financial Fidelity National Financial, Inc., number 261 on the Fortune 500, is a provider of products and outsourced services and solutions to financial institutions and the real estate industry. FNF is the nation's largest title insurance company, with nearly 31 percent national market share, and is also a provider of other specialty insurance products, including flood insurance, homeowners insurance and home warranty insurance. Through its majority-owned subsidiary Fidelity National Information Services, Inc. ("FIS"), the Company is a leading provider of technology solutions, processing services and information services to the financial services and real estate industries. FIS' software processes nearly 50 percent of all U.S. residential mortgages, it has processing and technology relationships with 45 of the top 50 U.S. banks and more than 2,800 small and mid-sized U.S. financial institutions and it has clients in more than 50 countries who rely on its processing and outsourcing products and services. FIS also provides customized business process outsourcing related to aspects of the origination and management of mortgage loans to national lenders and servicers. FIS offers information services, including property data and real estate-related services that are used by lenders, mortgage investors and real estate professionals to complete residential real estate transactions throughout the U.S. More information about the FNF family of companies can be found at http://www.fnf.com/ and http://www.fidelityinfoservices.com/ . About Provident Bank Provident Bankshares Corporation is the holding company for Provident Bank. With $6.6 billion in assets, Provident serves individuals and businesses in the key urban areas of Baltimore, Washington and Richmond through a network of 149 offices in Maryland, Virginia, and southern York County, PA. Provident Bank also offers related financial services through wholly owned subsidiaries. Securities brokerage, investment management and related insurance services are available through Provident Investment Center and leases through Court Square Leasing and Provident Lease Corp. Visit Provident on the web at http://www.provbank.com/ . About James Monroe Bank James Monroe Bank is a full-service community bank serving the Northern Virginia and Washington, DC, metro area. Founded in 1998, James Monroe Bank has offices in Arlington, Annandale, Chantilly, Fairfax, Leesburg and Manassas. 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 Financial, Inc. CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and Investor Relations, Fidelity National Financial, Inc., +1-904-854-8120, or ; or Dennis Holland, Vice President, Marketing, Fidelity Integrated Financial Solutions, +1-972-943-2685, or ; or Richard I. Linhart, Executive Vice President & COO, James Monroe Bank, +1-703-526-5961 Web site: http://www.fnf.com/ http://www.fidelityinfoservices.com/ http://www.provbank.com/

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