News

Centennial Bank signs deal with Fidelity Information for processing and EFT

April 4, 2005

JACKSONVILLE, Fla. - Fidelity Information Services, a division of Fidelity National Financial Inc. (NYSE: FNF), has signed a deal with Centennial Bank Holdings of Fort Collins, Colo., for installation of the HORIZON core processing system - Fidelity's electronic funds transfer processing brand.

The agreement followed the 2004 merger of Centennial Bank Holdings and Denver-based Guaranty Corp., a news release stated. The merger brought Fidelity's assets to $2.5 billion and increased total deposits to nearly $1.8 billion.

Prior to the merger, Guaranty had been a client of Fidelity's Integrated Financial Solutions division, which ran the in-house version of HORIZON, for 11 years. The bank opted to convert the entire organization to HORIZON.

HORIZON is a fully integrated core-processing solution that helps banks operate more effectively through financial reporting, more accurate transaction management and a deeper understanding of their customers.

Fidelity's integrated card management capabilities also eliminate the redundant keying of customer names and addresses, making the information immediately available throughout the organization once it has been entered. In addition, the system facilitates the instant availability of customer transaction history.

"We like the flexibility and efficiency of the system," said Sharon Laurent, executive vice president for Centennial. "Our decision to convert the entire combined bank to HORIZON brought us an additional advantage. We have been interested in Fidelity's integrated card management capabilities for some time, but hadn't been able to use the application because our ATM/EFT processing provider did not interface with it. As a Fidelity ATM/EFT user, that will all change."