Fidelity Integrated Financial Solutions Provides Integrated Banking Services For The Citizens Bank
November 04 2003 - 4:05PM
PR Newswire (US)
Fidelity Integrated Financial Solutions Provides Integrated Banking
Services For The Citizens Bank JACKSONVILLE, Fla., Nov. 4
/PRNewswire-FirstCall/ -- Fidelity Integrated Financial Solutions
(Fidelity), a division of Fidelity National Financial , today
announced that The Citizens Bank of Philadelphia, Mississippi, has
signed a five-year agreement for the HORIZON Integrated Banking
Solution. The Citizens Bank currently operates 19 branches in eight
central Mississippi counties. Over the past two years, the bank's
asset size has grown by nearly 49 percent. Citizens Bank has been a
customer of Fidelity utilizing Fidelity's platform origination
products, and is now expanding their relationship by adding the
HORIZON Integrated Banking Solution, including ACquire for report
management and distribution and the DASH network for ATM
transaction processing. "The decision was made after extensive due
diligence and analysis of top system providers," said Tim Lofton,
vice president & CIO of The Citizens Bank. "Not only is
Fidelity the best solution, it is a total solution. Their
integrated banking system will allow us to have a single view of
our customers across the enterprise enabling sales growth and
operational efficiencies, while improving customer service." "The
Citizens Bank has been a long time user of Fidelity products and
services," said Gary Norcross, president of Fidelity Integrated
Financial Solutions. "We are excited that they have chosen to
supplement their current information technology environment with
additional Fidelity value solutions. By using our integrated suite
of products, they will further enhance their client relationships."
Fidelity National Financial, Inc., number 326 on the Fortune 500,
is a provider of products and outsourced services and solutions to
financial institutions and the real estate industry. The Company
had total revenue of $5.7 billion and earned more than $665 million
in the first nine months of 2003, with cash flow from operations of
nearly $1 billion for that same period. FNF is one of the world's
largest providers of information-based technology solutions and
processing services to financial institutions and the mortgage and
financial services industries through its subsidiary Fidelity
Information Services, Inc. Fidelity Information Services processes
nearly 50 percent of all U.S. residential mortgages, with balances
exceeding $2.5 trillion, has processing and technology
relationships with 48 of the top 50 U.S. banks and has clients in
more than 50 countries who rely on its processing and outsourcing
products and services. Additionally, FNF is the nation's largest
title insurance company and also provides other real estate-
related services such as escrow, flood and tax certifications with
life of loan monitoring, merged credit reporting, property
valuations and appraisals, default management, relocation services,
flood, homeowners and home warranty insurance, exchange
intermediary services, mortgage loan aggregation and fulfillment,
multiple listing services software, mortgage loan origination
software, collateral scoring analytics and real property data. More
information about the FNF family of companies can be found at
http://www.fnf.com/ and http://www.fidelityinfoservices.com/ . 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 of Fidelity
National Financial, +1-904-854-8120, ; or Ashley Rankin, Marketing
Manager, Marketing/Communications of Fidelity Integrated Financial
Solutions, +1-501-220-5917, Web site: http://www.fnf.com/
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