FSI’s banking products are in the news.
As an innovator of quality data processing, item processing, and online products for the banking industry, Financial Services, Inc. often finds itself in the news. That’s to be expected; when you stand out, the spotlight generally falls on you. If you’d like to see what the company has been up to, or how some of our products have captured the imaginations of our clients and the press, just click on a headline…
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NYCB EXTENDS ITEM PROCESSING CONTRACT WITH FSI |
| GLEN ROCK, N.J., November 5, 2003 -- Financial Services, Inc. (FSI), a leading provider of outsourcing solutions for financial institutions, announced today that the New York Community Bank (NYCB) has agreed to a long-term extension of its item processing contract with FSI. Joseph Ficalora, Chief Executive Officer, New York Community Bank, stated: “FSI’s dedication to quality service, along with current Check Imaging technology, is in keeping with NYCB’s business model to provide its customers unparalleled banking services. We at NYCB are very pleased to have Financial Services, Inc., as a business partner”. ABOUT NEW YORK COMMUNITY BANCORP The Company had assets of approximately $23 billion at the end of October, and a network of 147 banking offices spanning the New York metropolitan region, including New York City, Nassau, Suffolk, and Westchester counties, and New Jersey. Historically, the Company’s growth has been fueled by multi-family loan production and by successful merger transactions with other area banks. In the third quarter of 2003, the Company’s growth was entirely organic, with mortgage loan originations totaling $819 million, including $580 million of multi-family loans. The Company is a leading producer of multi-family loans in New York City, with a portfolio of $5.0 billion at September 30, 2003. In addition to multi-family lending, the Company generates revenues through securities investments and through the sale of third-party investment products and financial services. |
