First National Bank Goes Live With Osaba Compliance Solutions

CALABASAS, CA - May 3, 2004 - First National Bank is live on two SOLOMON Manager Series Compliance Solutions: Investment Review Manager and Special Asset Manager.

SOLOMON Investment Review Manager has been developed for financial institutions
providing fiduciary investment management services. The application integrates data from systems of record and presents the Administrative and Investment Officers with the information and tools necessary to complete and document both administrative and investment reviews, thereby fulfilling the compliance requirement. The system also offers a proactive solution to compliance risk management by automatically identifying investment policy exceptions. Alerts may be configured to notify management when exceptions occur.

SOLOMON Special Asset Manager provides a solution for "managing the management" of special assets, including real estate holdings, agricultural properties, mineral assets, and closely held equities. The solution integrates task management, issue management, and document management features along with tools to perform and document preacceptance asset screening.

Andrew Tanner, Special Asset Director for First National Bank, had this to say, "This application allows us to better manage these assets for the economic benefit of our clients. With affiliates in five states, SOLOMON Special Asset Manager allows our asset managers and trust officers immediate access to asset information and process monitoring."

SOLOMON Manager Series Compliance Solutions offer affordable solutions to compliance challenges. Designed for quick implementation, SOLOMON offers an exciting alternative to internal development projects and manual compliance procedures.

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