TITLE

The Key to Big Savings

AUTHOR(S)
Ouititier, Jeremy
PUB. DATE
December 2004
SOURCE
Bank Technology News;Dec2004, Vol. 17 Issue 12, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on a First State Bank, based in Waynesboro. Like a lot of community banks, First State Bank was running the batch portion of its core. The real and forecasted time and cost savings to the bank have been significant. The decrease in processing time also means a reduction in overtime costs as well, totaling about $12,000 annually over the next five years. While the cost savings may not seem like a lot, particularly to large banks, that's huge for small community banks in today's ultra-competitive banking environment.
ACCESSION #
15491468

 

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