MILWAUKEE - (08/12/05) -- Metavante Corp. said it has agreedto acquire Brasfield Corp., a Birmingham, Ala.-based provider ofdata processing solutions for community financial institutions.Metavante, a wholly owned subsidiary of Marshall & IlsleyCorp., will pay $15 million worth of M&I stock. Brasfield wasfounded in 2002 and provides core processing and customer serviceto 46 community banks in the Southeast, all of which license anduse Bankway software from Kirchman Corp., which Metavante acquiredlast year. Brasfield also operates check and document imaging andcheck exchange services to more than 100 communitybanks.
Processing Content
