ATLANTA, Feb. 26 /PRNewswire/ -- Premier Bancshares, Inc. (Amex: PMB), has
entered into an agreement with Fiserv, Inc. (OTC Bulletin Board: FISV), to
outsource all data processing functions of the Company. Premier has
experienced rapid growth over the last year and as a part of the Company's
bank operations consolidation program, the use of an outside vendor to process
the banking applications was a logical step. In addition to account
processing, Fiserv will handle processing of checks and automated teller
machine transactions. Fiserv will process the majority of the work through
its Atlanta data center.
Robert Oliver, Chief Operating Officer of Premier Bancshares, said, "Our
partnership with Fiserv will provide the system support necessary to service
our customers in a Premier fashion. Not only will this move increase our
delivery capacity, but we have estimated cost savings of approximately
$1,000,000 per year during the term of our contract."
"Through our partnership, we plan to provide Premier Bancshares with the
technological firepower to continue its aggressive growth strategy," said
Leslie M. Muma, Fiserv President and Chief Operating Officer.
Premier is a multi-bank holding company with assets of $794,000,000 and
has 33 offices located throughout the southeast.
Fiserv, Inc. is an independent provider of information technology systems,
products and services to the financial industry. A publicly held company
headquartered in Brookfield, Wisconsin, Fiserv is traded on the Nasdaq over-
the-counter market under the symbol FISV.
SOURCE Premier Bancshares, Inc.
 back to top
CONTACT:
Michael E. Ricketson, Executive Vice
President, Premier Bancshares, Inc., 404-814-3090, or Leslie M.
Muma, President and COO, Fiserv, 414-879-5000
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
283325
|
