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January 24, 2006

Independent Bankers’ Bank struck by SS&C’s Lightning

Florida's Independent Bankers' Bank is looking to expand its correspondent investment activities with the implementation of Lightning, SS&C Technologies' full-service processing solution.

By CBR Staff Writer

Investment and financial management software provider SS&C Technologies said its Lightning suite would support IBB of Florida’s growing volume of correspondent investment activity by offering efficiencies for the management of their fixed income securities transactions, portfolio accounting, and back-office operations.

According to SS&C, Lighting fully automates trading, sales, funding, accounting, risk analysis, asset/liability management, portfolio management and safekeeping, with demonstrated and verifiable underlying applications.

Robert Metheny, senior vice president of IBB Investment Services Group, commented, When IBB began its search for an investment services operations provider, we set high standards, knowing full well that in order to take our growth strategy to the next level we had to have a solid foundation in place… Our confidence level was high when we entered into an agreement with SS&C for Lightning.

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