Standard of Illinois Installing Parsam Tools

Standard Bancshares Inc. of Hickory Hills, Ill., has agreed to use uMonitor software from Parsam Technologies LLC of Memphis for opening and funding customer accounts online.

Parsam said Monday that Standard will use the uOpen and uFund modules at its $2.2 billion-asset Standard Bank and Trust, which has 42 branches in the Chicago area, Parsam said.

Standard Bancshares also will use Parsam's uSwitch, an online financial relationship switch kit, to help customers close outside accounts and switch direct deposits and automatic payments, the vendor said.

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