Home Savings of America, Irwindale, Calif., signed an agreement with Computer Power Inc. for mortgage servicing software and conversion services.
Home Savings, with assets of $50 billion, has a mortgage portfolio of approximately 500,000 loans. The nation's largest thrift, it is the principal subsidiary of California-based H.F. Ahmanson & Co.
The thrift will license Computer Power' s software for mortgage loan servicing. CPI, headquartered in Jacksonville, Fla., is a division of Systematics Information Services Inc., an Alltel company.
31 Units On-Line At Union Planters
Union Planters Corp., a $7 billion-asset multibank holding company, converted two more of its banks to a new core software system. It is the latest in a conversion program that has seen the Memphis-based company switch 31 of its subsidiaW banks to Kirchman Corp.' s Dimension software since Dexember 1992.
This year, 18 banks were converted to the software. During a five-week period in February and March, Union Planters converted 13 affiliate banks, moving more than $3.5 billion in assets from its other systems and service bureaus.
The bank has been expanding aggressively, increasing its holdings from seven banks to 41 during the last several years. By year' s end, all the banks will be running on the new software.
Union Planters has banking operations in Tennessee, Mississippi, Alabama, Kentucky, and Arkansas. Kirchman Corp. is based in Orlando.
Outsource Technology Inks Missouri Bank
Outsource Technology won a contract to handle the data processing of the First National Bank of the MidSouth in Sikeston, Mo.
The $260 million-asset bank will replace its in-house system. OuTech will assume support for all deposit-lending, and automated teller machine transaction functions. Conversion is scheduled for November 1994.
OuTech, a data processor headquartered in West Des Moines, provides financial application support for financial services firms. It is a subsidiary of Financial Information Trust, a financial dam processor.
The company uses software from Information Technologies Inc., which has traditionally licensed its software to clients for use as an in-house system.
Borel of California In Systemaries Fold
Borel Bank and Trust Co. of San Mateo, Calif., signed a long-term agreement for software and services from Systematics Financial Services Inc., Little Rock.
Borel has assets of $160 million. The system, Horizon, is a relational data base designed for the IBM AS/400 platform.
MexiCo City Bank Gets Bennett Tool
Bennett Management Services, Phoenix, will provide the asset/liability management software for Mexico City-based Banco Mexican. Included in the contract is a data storage, maintenance, and manipulation tool.
NO. 3 Czech Bank Enlists Winters Aid
Investicni Banka, the third-largest commercial bank in the Czech Republic, signed a contract with the Intemational Banking Systems DMsion of Winter Partners to consolidate its management information systems and develop its intemational trade finance business. The system will interface with the bank' s existing branch automation system, Profile, from Sanchez Computer Associates.
The bank will use the IBS-90 international banking software products, which mn on Digital Bax hardware. The system fully automates areas such as trade finance, corporate banking, private and retail banking, foreign exchange, and the trading of money market and fixed-interest securities.
The unit of the Winter Parmers Group of Companies, which has headquarters in Zurich, was recently acquired by Management Technologies Inc., London, which develops, installs, and supports international banking software.
2 Banks to Use perot's PFO-Banx
Perot Systems Corp.,Dallas, will provide the core banking system for two banks: the $82 million-asset First National Bank of Tucumcari, in New Mexico, and $220 million-asset North Side Bank and Trust Co., Cincinnati.
Both banks will use Pro-BanX, an open system with client-server architecture. The system processes deposits, loans, and customer information files. It has a relational data base that operates on Unix.
North Side will eliminate the need for microfiche by using an optical disk storage system.
