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August 26, 2009

Apple Bank For Savings Opts TPG Software

To automate and streamline its investment and derivative operations and financial reporting

By CBR Staff Writer

TPG Software, a provider of management and accounting software solutions for the financial industry, has announced that New York-based Apple Bank for Savings has selected its software solutions to automate and streamline its investment and derivative operations and financial reporting. Apple Bank for Savings plans to convert and be in live production by the end of the 2009.

Reportedly, TPG provides a straight through processing solution, from trade capture to investment accounting, post-trade settlement, reconciliation, reporting and compliance. The Portfolio Genius is TPG Software’s portfolio management, investment accounting and reporting solution for institutional investors.

Lou Rawden, senior vice president for Apple Bank for Savings, said: We wanted to improve operating efficency while maintaing the highest levels of accuracy and regulatory compliance within investment operations. Apple Bank is always looking to stay abreast of the latest technology.

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