LITTLE ROCK, Ark. â FirstBank Southwest of Amarillo, Texas has signed a contract with ALLTEL for an integrated banking system.
FirstBank Southwest has assets of $400 million. The bank will utilize ALLTEL's HORIZON banking system for core account processing; the integrated platform solutions for retail delivery services; ACquire, a report management system; DASH, an ATM/EFT network; ALLView, an imaging product; and ALLTEL's business continuity services.
"ALLTEL's totally integrated banking solution will maximize our operating efficiencies and allow a more comprehensive view of our customers that also will provide enhanced customer services," said Carl W. Ellis, chairman and chief executive officer of FirstBank Southwest. "We found ALLTEL's integrated solution to be unmatched in the arena of integrated financial services providers."
"FirstBank Southwest will benefit from ALLTEL's flexible, feature-rich product and services offerings," said Gary Norcross, president of ALLTEL's Integrated Financial Solutions division, which is based in Maitland, Fla. "We know that maintaining the level of service to its customers is most important to FirstBank Southwest.
"With ALLTEL's flexible integrated suite of banking products, FirstBank Southwest will be positioned to meet the changing business needs of the financial services industry and have the ability to offer all the products and services that competitors of any size are able to provide the marketplace."
Forty-seven of the top 50 U.S. banks rely on ALLTEL's products and services. ALLTEL provides loan servicing automation for more than 20 million mortgage loans, with balances exceeding $2 trillion, including more than 2.5 million subprime loans. Additionally, more than 34 percent of the total dollar volume of outstanding U.S. consumer loans, including mortgages, is processed on ALLTEL Information Services' software applications.
ALLTEL, with more than 12 million communications customers and more than $7.7 billion in revenues, is a leader in the communications and information services industries. ALLTEL has communications customers in 26 states and provides information services to telecommunications, financial and mortgage clients in more than 50 countries.