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Case Studies... |
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Beacon Federal
Beacon Federal was originally established as the “Carrier Employees Federal Credit Union” in 1953,
serving the employees of the Carrier Corporation (a world leader in air conditioning, heating and refrigeration
systems) in Syracuse, New York. During the early 1980’s the credit union pursued acquisitions and mergers to
strengthen and grow their membership base and provide for a higher level of service for all members. During
the 1980’s and 1990’s several credit unions in Tennessee, Texas, New York and Massachusetts were acquired.
These mergers continued the strategic plan to diversify, grow and provide new technology, advanced product
offerings and increased levels of service to the membership base.
In 1999, Beacon Federal became a mutual
savings association, removing constraints on membership and allowing expansion into other regions and services.
Headquartered in East Syracuse, New York with 6 locations across multiple states, Beacon Federal has grown from
original assets of several million to assets of over $400 million. Membership now totals over 40,000.
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Detailed Case Study Information for Beacon Federal |
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Commonwealth Bank & Trust Company (New)
Commonwealth Bank & Trust Company (CBT), headquartered in
Louisville, Kentucky, started in the late 1980s as a denovo commercial bank.
In 2002, it acquired Shelby County Trust Bank, located in Shelbyville,
Kentucky. Commonwealth has grown at a steady pace over the years
because of its commitment to personal service and a willingness to do more
for its customers. With 13 branch locations, 15 ATMs, and 200 employees,
Commonwealth delivers personal attention and quality products.
CBT has approximately $500 million in assets and over $1 billion in
trust assets. It is one of the leading originators of residential mortgage loans
in the region. Its holding company, Commonwealth Bancshares, Inc. is also
the parent of First Security Trust Bank, a community bank headquartered in
Florence, Kentucky and SMC Capital, Inc., an investment advisory firm,
located in Louisville.
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Detailed Case Study Information for Commonwealth Bank |
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Los Alamos National Bank
Established in 1963, Los Alamos National Bank (LANB) is one of the largest
independent banks in New Mexico providing a full range of financial services to
consumer, commercial, and government markets in northern New Mexico. LANB was
originally created to address the banking needs of its community which was
spawned by the Los Alamos National Laboratory, site of the Manhattan Project
during World War II.
LANB is owned and operated by the Trinity Capital Corp.
holding company with assets over $1.2 billion. LANB has 270 employees, 28 ATMs
and four locations in Los Alamos, White Rock, and Santa Fe, New Mexico. In 2000,
Los Alamos was awarded the prestigious Malcolm Baldridge National Quality Award
in the small business category. This is an extraordinary achievement for a
community-based bank and Los Alamos National Bank is the only financial
institution to ever receive this award. The bank’s vendors and quality of the
vendors’ services, is a component of the award selection.
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Detailed Case Study Information for Los Alamos National Bank |
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Suchak Data Systems
Suchak Data Systems, Inc (SDS) is a full service provider of technology solutions to financial institutions.
Since 1981, SDS’ mission has been to serve the data processing needs of financial institutions with expertly
designed systems, seasoned with the proper blend of attentive customer service and cutting edge technology.
This SDS mission, coupled with the close business relationships with their customers, is key to the success
of SDS and their customers.
Their primary focus is customer service. SDS provides a high level of unique customer service, as all their
staff and management is available on a 24X7 basis. SDS continually develops products and services tailored
for the individual benefits of their client base. “At SDS we also look for best-of-breed third party products
to complement our solutions. The CSFi u/SWITCHWARE® solution was chosen by SDS to fulfill the need for enterprise
transactions processing and management” said Vinod D. Suchak, President & CEO.
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Detailed Case Study Information for Suchak Data Systems |
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Tompkins Trustco, Inc.
Tompkins Trustco, Inc. is the corporate parent to three community banks,
Tompkins Trust Company, The Bank of Castile and Mahopac National Bank, which
together operate 34 full service banking offices in local markets throughout New
York State. Through the acquisitions of The Bank of Castile and Mahopac National
Bank, Tompkins Trustco has grown to $1.9 billion in assets, a network of over 60
ATM’s, 150,000 card issues and continues to experience robust transaction volume
growth. Through their Tompkins Trust Company Card Services Division, Tompkins
Trustco has been managing its ATM/EFT network for many years and understands the
importance of premium technology solutions that set high standards for in-house
ATM/EFT transaction processing services.
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Detailed Case Study Information for Tompkins Trustco, Inc. |
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Value Bank Texas
ValueBank Texas, a $150 million asset bank in Corpus Christi, Texas, currently
has 10 locations throughout Texas, 10 ATMs and approximately 7,000
ATM/debit cards. In 2003, the financial institution began evaluating its debit program
and saw the need to consider alternative solutions for managing its electronic funds
transfer (EFT) portfolio.
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Detailed Case Study Information for Value Bank Texas |
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