LAKE BLUFF, Ill. -- Sovereign Bank, a $38 billion financial institution based in Wyomissing, Pa., announced the completion of the first phase of a conversion to WFG's Commercial Account Analysis(tm) Suite. The conversion allows Sovereign to service customers in a more efficient and cost-effective manner.

"The introduction of this state-of-the-art technology helps Sovereign Bank fulfill its promise to deliver world-class banking services to our customers," said Marshall Soura, executive vice president and managing director of Sovereign's Global Cash Management unit.

"Sovereign's approach to account analysis is virtually unmatched," said Patricia Weiland, president and CEO of WFG. "The CAA(tm) Suite will help them continue to lead the market by facilitating their ability to nurture customer relationships, provide next-generation analysis amenities and remain profitable."

The CAA(tm) Suite includes multiple account analysis applications offered by WFG. The primary solution, CAA(tm), is a full-function account analysis, billing and profitability system with a Statement Modeling tool providing bank officers with simulated accounts for presentation to prospects. 822 Express(tm) produces ANSI X12/822 files for electronic transmission, and browser-based CAAWeb(tm) offers online access to account analysis statements for bank customers while providing statements, management reports and client history to bank officers.

The Weiland Financial Group Inc. specializes in client-server and browser-based account analysis solutions for the financial community and Fortune 1000 corporations. Instrumental in popularizing the use of electronic statements, WFG systems have streamlined account analysis and related application practices. WFG offers a full range of account analysis solutions including support, training, outsourcing, consulting, and installed applications.

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