MEMPHIS, Tenn., Dec. 14 /PRNewswire/ -- In less than six months after the
merger of National Commerce Bancorporation (Nasdaq: NCBC) and the former CCB
Financial Corporation (CCB), associates of the combined company have completed
the massive conversion of multiple computer systems into one seamless network.
The last of more than 100 technology-based systems, from mainframe
computers to e-mail networks, were converted over the weekend, finishing the
complex assignment on time and on an aggressive schedule.
"We accomplished our goal of the fastest systems conversion ever for a
merger this size," said Ernest C. Roessler, president and chief executive
officer of NCBC. "The majority of recent bank mergers have suffered
integration problems, and that was a big motivating factor for us. We wanted
to minimize customer disruption, to allay shareholder concerns and to
successfully complete the integration quickly so that we could focus all of
our energy on revenue generation."
"CCB had created a state-of-the-art technology platform. With the systems
conversion completed, our branches and offices in the former NCBC footprint
will enjoy an enhanced level of expertise," Roessler continued. "As a result,
our customers, shareholders and communities will benefit. We began with two
of the nation's top-performing banks, and have combined their best practices
to form an even better organization. The successful conversion is one more
example of how our company has come together extremely well in every respect."
Memphis, Tenn.-based NCBC and the former Durham, N.C.-based CCB Financial
Corporation closed their merger on July 5. The holding company, which
retained the name NCBC, maintains its corporate headquarters in Memphis and
its operational headquarters in Durham. The $16.5 billion-asset financial
institution's nearly 400 locations operate in nine southeastern states under
the brand names National Bank of Commerce (Tennessee, Georgia), Central
Carolina Bank (North and South Carolina, Virginia and West Virginia) and First
Market Bank (Richmond, Virginia).
Roessler said the rapid conversion would allow cost savings to be realized
more quickly from efficiencies of the combined systems. Further, with this
key operational issue settled, the company is better able to accomplish
strategic business objectives.
The conversion presents customers with a singular advantage: access to the
combined strengths of formerly independent companies with complementary core
competencies. NCBC was known especially for retail banking prowess, while CCB
excelled at high-growth commercial banking. With the two operational systems
now fully integrated, customers can access a comprehensive array of
competitively priced services covering corporate and retail banking,
brokerage, trust, wealth management, leasing and specialty niche products such
as fleet cards.
Customer service should improve as well, as NCBC associates leverage
enhanced technology and streamlined processes. Service should be faster, and
associates better able to add value by identifying specific customer needs and
cross-marketing services to fill them.
About National Commerce Bancorporation
National Commerce Bancorporation is a sales and marketing organization
that delivers select financial and consulting services through a national
network of banking affiliates and non-banking affiliates. As of June 30, 2000
NCBC had $16+ billion in assets and nearly 400 locations in nine Southeastern
states. NCBC is headquartered in Memphis, Tenn., and maintains operations
headquarters in Durham, N.C.
SOURCE National Commerce Bancorporation
 back to top
Related links:
http://www.ncbccorp.com
CONTACT:
Eileen Sarro of National Commerce
Bancorporation, 919-683-7642, or eileen.sarro@ncbccorp.com
|
