According to Mintel's Comperemedia, a media monitoring
resource, companies such
as Bank of America and Bank One increased efforts
in Hispanic marketing last year with major campaigns
. banks," said
Carrie Merritt, senior financial analyst for Mintel.com.
financial check
For more information on Mintel
, please
visit their Web site at www.
com .check equipment
The
remittances to Mexico were up 23.S. Nearly
50 percent of all U.processing directory
Almost half of Hispanic adults do not own
checking accounts, according
to a recent report on Hispanics and Finance
from Mintel International Group. According to Mintel
,
the majority of survey respondents without checking accounts cite lack of
money, trust, and documentation
as key obstacles. The organization was rapidly outgrowing its technology
systems; and because of
the acquisitions, different systems were in place at
the different banks.abbycon remittance
5 billion sent to Mexico
alone in the first nine months of 2004.mintel. "As long as change was inevitable, we
searched for
one technology partner that could offer us a broad range of
integrated solutions. We are committed
to providing total financial solutions that
translate into efficiencies and cost savings for our
clients and superior
service for the customers they serve. More information about FNF can be
found
at http://www.holding directories
This provides an excellent opportunity for financial
institutions to explore more
initiatives within this rapidly growing
market.
Texas United Bancshares, Inc. In
addition
, State Bank operates 11 loan production offices and five limited
service branches located in Houston
, San Antonio and Austin, Texas.advertising business
"The Hispanic community is a major untapped market for U.
"There is a key communications avenue available to increase trust and
develop stronger relationships
within this segment, specifically by
increasing the availability of bilingual marketing materials
and services,
" Merritt said. For more than 30 years, Mintel has provided key insight into
leading
global trends.
specifically directory
Still,
HORIZON's open architecture gives us the flexibility to add third
-party
applications if we wish.com .mortgages specifically
In addition to competing with remittance companies, check
cashiers and
payday lenders also provide strong competition for the Hispanic dollar,
specifically
for lower-income families."
About Mintel
Mintel is a worldwide leader of competitive media
, product and consumer
intelligence.S. GNB Financial is headquartered in Gainesville, Texas with seven
full-service banking centers located in Cooke, Denton and Ellis counties,
north and south of the
Dallas-Fort Worth metroplex.banking membership
"
One of the biggest avenues for growth in financial institutions
stems from
the remittance and wire service industry, which is currently dominated by
well-established
companies such as Western Union and MoneyGram. "Mintel's analysis shows that U. The risks and uncertainties
which forward-looking
statements are subject to include, but are not limited to, the effect of
governmental
regulations, the economy, competition and other risks detailed
from time to time in the "Management
's Discussion and Analysis" section of the
Company's Form 10-K and other reports and filings with
the Securities and
Exchange Commission.accounting business
In
2004, several banking institutions began to target
the Hispanic community
more heavily. "The average
disposable income for the Hispanic market increased
by almost 48% between
2000 and 2003.vendors equipment
With more than $414. (Nasdaq: TXUI) to deliver comprehensive
information
technology solutions including core processing, check imaging, online banking,
EFT
, business intelligence and other related applications. Texas United
Bancshares, a $1. We found that
FIS' HORIZON core processing solution
incorporates virtually every process needed to operate our
banks, and it's
fully integrated with ImageCentre, a browser-based solution we chose for check
processing
, document and remittance imaging, and electronic archival. FIS has processing
and technology relationships
with 35 of the top 50 global banks, including
nine of the top ten.processing vendors
Many Hispanics also
substitute
checking accounts by paying with cash and money orders. residential mortgages are
processed using
FIS software.insurance financial
More than
$30. Don Stricklin,
the holding company's president.
(NYSE: FNF),
number 261 on the Fortune 500. State Bank is headquartered in La Grange, Texas
with twenty-four full
-service banking centers located in central and south
central Texas.insurance membership
financial mortgages
, many financial
institutions
are increasing their advertising and marketing budgets.fidelityinfoservices.
FIS is a majority
-owned subsidiary of Fidelity National Financial, Inc.insurance services
, and Gateway National Bank, all of which offer
a complete
range of banking services.consultants specifically
2 billion in buying
power reported in 2003, the Hispanic
community provides strong
opportunities for economic development and growth."
About Fidelity
National Information Services, Inc. For more
information on Fidelity National Information Services
, please visit
http://www. is a registered financial holding company
listed on the NASDAQ National
Market under the symbol "TXUI." Texas United
operates through three wholly-owned subsidiary banks
, State Bank, GNB
Financial, n.a.business banks
S.-born Hispanics are
actually more likely to distrust banks than
foreign-born Hispanics., Fidelity National
Information Services (NYSE: FIS) today announced an agreement
with Texas
United Bancshares, Inc.
"It was clearly time to look for new alternatives," said
L.
This press release contains statements related to future events and
expectations and
, as such, constitutes forward-looking statements.mortgages services
7 billion holding company (on a pro forma basis as
of
2/15/06, which includes the recent acquisition of The Express Bank of Texas
and the pending
acquisition of Northwest Bancshares, Inc. Headquartered in Jacksonville, Florida, FIS
maintains a
strong global presence, serving over 7,800 financial institutions
and over 100,000 retailers in more
than 60 countries worldwide.directories vendors
), operates through
three wholly-owned subsidiary banks in Texas including
State Bank of La
Grange, GNB Financial of Gainesville and Gateway National Bank of Dallas."
HORIZON automatically moves debits and credits from all channels through
the posting process, resolves
the transaction and processes it through to the
back office for final reconciliation and reporting
.
"For years, bankers have been telling us that they want to deal with one
provider for all
their financial technology solutions," said Jim Susoreny,
executive vice president for FIS' Integrated
Financial Solutions division.
"Based on this input, our product development and acquisition strategies
have
never wavered.
Fidelity National Information Services, Inc. Gateway National Bank is
headquartered in Dallas, Texas with six Dallas area banking centers.banks insurance
1 billion in remittances were
sent to Latin America last year, with
$12.8% in comparison to the same 2003 time
frame. Both
Bank of America and Citigroup are among the financial
institutions that have expanded their competitive
efforts in the remittance
arena.Texas United Bancshares Selects Fidelity National Information Services
' HORIZON(TM) and ImageCentre(TM) Solutions
(NYSE: FIS) is a leading
provider of core processing
for financial institutions; card issuer and
transaction processing services; mortgage loan processing
and mortgage-related
information products; and outsourcing services to financial institutions,
retailers
, mortgage lenders and real estate professionals.
About Texas United Bancshares, Inc. The
Company expressly disclaims any duty to update or revise forward-
looking statements.equipment specifically
PRESS RELEASE
U.S. Financial Institutions Banking on the Untapped Hispanic Market
This
is in contrast to the
claims of some sociologists that foreign-born
Hispanics are less likely to trust banking institutions
, particularly
because of the lack of such institutions in their home countries. With offices in
Chicago, London, Belfast and
Sydney, Mintel's innovative product line provides unique data that has
a
direct impact on client success. Holding Company Sought a Single Source for Complete Technology
Solutions
Including Core Processing, Check Imaging, Online Banking, EFT and More
JACKSONVILLE
, Fla. In addition to HORIZON and
ImageCentre, Texas United Bancshares also opted for Executive Access
for
General Ledger(TM), a business intelligence tool that allows bankers to view
the organization
from the top down and analyze performance in multiple ways;
TellerPro(TM), a front-end solution that
provides easy access to all customer,
account and transaction information within HORIZON; integrated
Deposit
Origination(TM), the new account platform that incorporates fully compliant
forms from
Banker Systems; ACquire(TM) enterprise report management that turns
data in system-generated reports
into usable information that can be dispersed
throughout the enterprise; ALLView(TM) document imaging
, which allows users to
view account- and customer-specific documents at the workstation; FIS' online
banking solution, a comprehensive and fully integrated electronic banking
solution that allows
retail and commercial customers to select the features
that fit their unique needs; EFT services
that offer ATM and debit card access
to regional, national and international ATM and point-of-sale
networks; and
FIS' integrated card management services that will help the banks manage their
growing
card portfolios.fnf.holding institutions
Since Hispanics are the largest minority group in the U.S.firms financial
The holding
company has grown dramatically over the past decade through
merger, acquisition and branch expansion
, with future plans calling for even
greater growth. These
forward-looking statements are subject
to known and unknown risks,
uncertainties and other factors that may cause actual results, performance
or
achievements of the Company to be different from those expressed or implied
above.dealing institutions
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