Community Bank, a $735 million-asset institution headquartered in Pasadena, Calif., recently signed an outsourcing agreement with Electronic Data Systems Corp. that gives the technology company an additional foothold in the Southern California market.

In addition to its internal data processing functions, Community also handled technology chores for about 30 smaller banks. Electronic Data Systems, through a cross-marketing effort by the bank, will have the opportunity to bid on those contracts as they expire.

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