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1st Security Bank of Washington Selects Open Solutions' Enterprise-Wide Data Processing Suite; Newly-Chartered Bank Needed Flexibility and Industry-Focused, In-House Solution.

Publication: Business Wire
Publication Date: 13-FEB-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: 1st Security Bank of Washington Selects Open Solutions' Enterprise-Wide Data Processing Suite; Newly-Chartered Bank Needed Flexibility and Industry-Focused, In-House Solution.(Company Profile)

Article Excerpt
GLASTONBURY, Conn. -- Mountlake Terrace, Wash.-based 1st Security Bank of Washington has selected Open Solutions Inc.'s (R) (NASDAQ: OPEN) The Complete Banking Solution (R) (TCBS), a relational core data processing platform for financial institutions, to address its enterprise-wide data processing needs. Open Solutions is a provider of integrated relational technologies for banks and credit unions across the United States and Canada.

1st Security Bank, founded in 1936 as a credit union and converted to a mutual savings bank in April 2004, has 12 branches and $250 million in assets. After receiving its bank charter, 1st Security needed a provider that would address its evolving customer needs as well as the increased regulatory scrutiny that comes with being a bank. Greg Coward, vice president...

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