MILWAUKEE - George Mason Bank of Fairfax, Va., has signed an eight- year deal for core processing services from M&I Data Services Inc.
"We simply outgrew our current system and needed something more sophisticated to help meet our bank's long-term goals," said Bernard Clineburg, president and chief executive of George Mason, which has $440 million of assets.
The new contract gives the bank the power to enhance customer service and increase product offerings, he said.
Mr. Clineburg did not elaborate on his prior core processing arrangement.
M&I Data, the largest bank-owned computer services firm in the nation, is a unit of the $12.7 billion-asset Marshall & Ilsley Corp.