Westamerica Bancorp Signs Contract Extension With Fidelity Information Services
Westamerica Bancorp Signs Contract Extension With Fidelity Information Services JACKSONVILLE, Fla., Jan. 20 /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, and its Fidelity Information Services ("Fidelity") division announce that it has signed an outsourcing contract extension with Westamerica Bancorporation. The agreement calls for Fidelity to continue to manage the company's data center operations in Fairfield, California. "So much about being successful in business is based on forming the right partnerships," said Roger Leitner, president of Fidelity Information Services' Enterprise Banking Systems division. "Westamerica ranks among the most profitable banks in America, and it is a pleasure to do business with the organization. Fidelity will continue to work as a partner with Westamerica to ensure its sales and service tools are top-of-the-line." Westamerica utilizes Fidelity's complete suite of core account processing applications, including systems for direct deposit, customer information, commercial loans, real estate, financial management, account payable, installment credit, item reconciliation, customer service management and online collections. A total of 35 Fidelity employees manage the Westamerica data center operations, providing mainframe and client/server programming, network management and application support for all client/server applications. "Our 30-year relationship with Fidelity has been very beneficial," said David Payne, Westamerica's chief executive officer. "Fidelity is truly a business partner, with a strong understanding of our needs and a desire to support our success now and in the future. We are so comfortable with Fidelity, in fact, that we have offered to serve as a reference. I think that says it all." Westamerica Bancorporation operates as a holding company for Westamerica Bank, a regional community bank with 87 branches and two trust offices in 22 Northern and Central California counties. Rated as one of California's strongest and healthiest banks, Westamerica has over $4.6 billion in assets, and is the 7th largest commercial bank headquartered in California. Fidelity National Financial, Inc., number 262 on the Fortune 500, is a provider of products and outsourced services and solutions to financial institutions and the real estate industry. FNF had total revenue of more than $6.2 billion and earned more than $560 million for the first nine months of 2004, with cash flow from operations of more than $925 million for that same period. FNF is the nation's largest title insurance company, with more than 30 percent national market share, and is also a provider of other specialty insurance products, including flood insurance, homeowners insurance and home warranty insurance. Through its subsidiary Fidelity National Information Services, Inc. ("FIS"), the Company is a leading provider of technology solutions, processing services and information services to the financial services and real estate industries. FIS' software processes nearly 50 percent of all U.S. residential mortgages, it has processing and technology relationships with 45 of the top 50 U.S. banks and more than 3,600 small and mid-sized U.S. financial institutions and it has clients in more than 50 countries who rely on its processing and outsourcing products and services. FIS also provides customized business process outsourcing related to aspects of the origination and management of mortgage loans to national lenders and servicers. FIS offers information services, including property data and real estate-related services that are used by lenders, mortgage investors and real estate professionals to complete residential real estate transactions throughout the U.S. More information about the FNF family of companies can be found at http://www.fnf.com/ and http://www.fidelityinfoservices.com/ . This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. 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. The Company expressly disclaims any duty to update or revise forward- looking statements. 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. Source: Fidelity National Financial, Inc. CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and Investor Relations, +1-904-854-8120, or dkmurphy@fnf.com, or Michelle Kersch, Senior Vice President, Corporate Communications, +1-904-854-5043, or michelle.kersch@fnf.com, both of Fidelity Information Services, Inc. Web site: http://www.fnf.com/ http://www.fidelityinfoservices.com/ ------- Profile: International Entertainment
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