Wolters Kluwer Financial Services

Press Release

Community BancService Corporation, Inc. Expands Endorsement with Wolters Kluwer Financial Services to Include ComplianceOne Solution
Solution Offers Community Bankers Association of Illinois Members Integrated Approach to Compliance and Operational Risk Management

MINNEAPOLIS – June 6, 2007 – Wolters Kluwer Financial Services and Community BancService Corporation Inc., a subsidiary of the Community Bankers Association of Illinois (CBAI), announced today that it has expanded its endorsement agreement with Wolters Kluwer Financial Services to include its new ComplianceOne™ solution.

Built upon the more than 50 years of experience and knowledge behind Wolters Kluwer Financial Services’ Bankers Systems product line, ComplianceOne gives banks a single platform solution for the tools needed to create a complete loan, mortgage, deposit or individual retirement account (IRA) package from a compliance, work flow and data perspective. Offering enterprise-wide access to customer information, ComplianceOne allows banks to open new accounts and complete transactions quickly through the solution’s common database structure.

“Minimizing regulatory compliance risk and improving business processes is important to our members and therefore important to us,” said Mike Kelley, president of the Community BancService Corporation, Inc. “By adding ComplianceOne, CBAI members will now be able to address all of their key business initiatives through one integrated approach to compliance and operational risk management.”

“ComplianceOne provides financial institutions with the solutions they have been asking for to manage regulatory compliance risk—an easy-to-learn and -use front-end interface with the most comprehensive compliance capabilities available in the industry,” said John Bryant, executive vice president of Banking for Wolters Kluwer Financial Services. “We are excited that CBAI is expanding its endorsement to include ComplianceOne.”

The Community BancService Corporation endorses several other Wolters Kluwer Financial Services’ solutions in addition to ComplianceOne, including:

  • Automated solutions and pre-printed documents for lending and deposits;


  • IRA solutions, including the IRA Management Center®, an online solution that automates tasks involved with opening, maintaining, and dispersing funds in IRAs, as well as electronic and pre-printed IRA forms and IRA-related consulting, marketing and training services; and


  • Wiz Sentri™: RiskID, the company’s risk-based identity verification system that helps banks comply with the Customer Identification Program requirements of the USA PATRIOT Act.

For more information on Wolters Kluwer Financial Services products and services, please visit www.WoltersKluwerFS.com.

About Community Bankers Association of Illinois

CBAI is a professional trade association representing nearly 500 Illinois commercial banks and thrifts, and their approximately 700 Illinois bank branches. CBAI, headquartered in Springfield, was founded in 1974.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street.

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com .

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2006) of €3.7 billion, employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.


Quick Links Media Contacts

Jennifer Marso
Director of Corporate
Communications for Wolters Kluwer
Financial Services
612.852.7912
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Charles Miller
Senior Public Relations Specialist
Banking, Mortgage, and Credit Unions
320.240.5457
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Angela Peterson
Senior Public Relations Specialist
Securities, Insurance, and Indirect Lending
612.656.7745
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