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FSI WINS LONG-TERM RENEWAL OF SERVICE CONTRACT

Agreement continues 50-year relationship with oldest client

GLEN ROCK, N.J., July, 2006 – Financial Services, Inc. (FSI), a leading provider of quality data processing, item processing and internet services to financial institutions, has signed a long-term renewal of its data and item processing contract with Flatbush Federal Savings and Loan Association of Brooklyn, New York, it was announced by Patrick ‘P.J.’ Schunke, FSI Senior Vice President.

Flatbush Federal Savings and Loan is FSI’s oldest client, having been serviced by the company since November, 1955. Under the renewed contract, the association will be taking full advantage of FSI’s suite of data processing, item processing and ancillary offerings, including such products as image statements, home banking with bill pay, Spectrum teller and platform, SecureInternet, Autopost and Bankwatch.

“Continuing such a close and long relationship with Flatbush Federal Savings is an historic moment for FSI, one of great pride both professionally and personally,” said Mr. Schunke. “To me, this relationship says everything good about business. “When you provide customers with quality products and exceptional service, good things are bound to happen. For more than 50 years, this has been proven again and again in our partnership with Flatbush Federal.”

“We are equally delighted in signing this new service agreement with FSI,” said Joseph Adia, President of Flatbush Federal Savings. “The technology they deliver gives us the ability to directly compete with larger banks, while giving us the tools to remain compliant in this highly regulated IT environment. Looking back over the past 50 years, we certainly have come a long way since the days of 80-column punch cards.”

FSI is one of the largest independently-owned service providers to the banking services industry and has been creating customized, turnkey banking solutions since 1954. For more information, call 201-652-6000, 1-888-374-6200 toll-free, or visit the FSI web site at www.insideFSI.net.



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