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Pacific Coast Bankers' Bank Selects Open Solutions

October 2, 2006
Pacific Coast Bankers' Bank Selects Open Solutions. Check it out:
Pacific Coast Bankers’ Bank (PCBB) has selected Open Solutions’ enterprise-wide data processing platform.
 
PCBB will use The Complete Banking Solution (TCBS), and other Open Solutions’ complementary applications such as Financial Accounting Suite (general ledger, accounts payable and fixed assets) and cView, MyVision and Report Wizard.
 
The new agreement builds on an existing relationship created when Open Solutions signed an agreement with PCBB in September 2005 to offer PCBB customers its image item processing services as a complement to PCBB’s cash letter settlement service.


 
The bank was searching for an open architecture application that would allow the Correspondent Bank Connection (CBC), its online, user friendly and robust cash management communications application to interface in a dynamic environment.
 
The bank also wanted a core platform that could change as it grow, in assets as well as in customers, products and services.
 
“One of the contributors to PCBB’s significant growth and continued success is its ability to respond quickly in an innovative manner to meet both the current and the developing correspondent banking needs of its respondents,” said Tom Evans, president and CEO of PCBB in a press release.
 
He continued: “We are very impressed with the accounts payable, fixed assets and the cView reporting tools. The cView report writer will allow us to create custom reports from many different applications including the core processor, CBC and others.”
 
Louis Hernandez, Jr., Open Solutions chairman and CEO added that correspondent banking services are fundamental in the community banking market.
 
Pacific Coast Bankers’ Bank is reportedly the second largest bankers’ bank in the United States in terms of assets under management with $473 million in assets. The bank claims to provide correspondent banking services to more than 400 independent community banks across the country.
 
For more information, visit Open Solutions or Pacific Coast Bankers’ Bank.
 
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Anuradha Shukla is a contributing writer for TMCnet covering call centers, CRM and information technology.
 
 



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