State Bank of Bussey Selects Precision Bank Platform from Fiserv

Scalability of account processing platform key to expanding bank's decision



Brookfield, Wis., November 11, 2009 - Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that State Bank of Bussey, a full-service community bank based in Bussey, Iowa, has selected the Precision(TM) bank platform to provide an enterprise-wide technology solution. Founded in 1931, the $52-million asset bank has doubled in size in the past three years while serving south central Iowa.



State Bank of Bussey, which is now processing in-house on Precision, also selected a variety of value-added Fiserv solutions, including COLD Storage, Accounts Payable and Letter Writer for Precision, to streamline the bank's operations and enhance customer service. This multi-product implementation leverages Fiserv's core competencies in processing services and customer and channel management.



"We chose Fiserv because they are experts in the banking market," said Tony Latcham, chief executive officer, State Bank of Bussey. "Because we're a small bank, we need a well-respected, dependable partner that can help us with compliance, technology and support, so we're not carrying everything on our shoulders and can focus on serving our customers." 



In 2006, the bank added a new branch in neighboring Oskaloosa, Iowa, which enabled State Bank of Bussey to expand its footprint while moving closer to the agricultural base it targets. "Because of our rapid expansion over the past three years, it's important for us to have a solution that can grow with us and meet any future technology needs. Precision from Fiserv has the capabilities to serve us now and into the future, as well as a team of experts who can help us stay ahead of regulatory requirements," said Dawn Playle, accounting/operations specialist for State Bank of Bussey.



The tight integration and usability provided by Fiserv solutions is proving invaluable to State Bank of Bussey. "When a customer comes in, we want the staff to feel confident using the system that accesses information," said Latcham. "It's nice to have a system that's not only accurate, but also easy to work with." The Precision Bank Platform is designed to automate tasks, reduce staff touch-points and enhance efficiencies. The ability to customize the solution at individual workstations enables bank staff to have faster access to key data, and thus provide more timely and higher quality customer service.



"State Bank of Bussey's accelerated growth in the past few years is impressive, especially since it is solely the result of local loans and deposits," said Mark Blankespoor, general manager for the Precision bank platform. "The bank is thriving because its team is made up of retail and agricultural banking experts, and remains dedicated to the people of south central Iowa. At Fiserv, our mission is to help banks of every size thrive and succeed. We're looking forward to a long partnership with State Bank of Bussey."



About State Bank of Bussey

State Bank of Bussey was founded in 1931, and has operated under the same charter since that time. With locations in Oskaloosa, Lovilia and Bussey, the FDIC-insured bank extends a full range of products and services to its customers in south central Iowa. Positioned in a strong agricultural region, State Bank of Bussey offers expertise in agricultural and commercial lending, offering a wide variety of services from operating credit to real estate loans. For more information, visit www.sbbussey.com.