This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Berkshire Bank Partners With FIS On Core Banking Solution

Stocks in this article: BHLB FIS

PITTSFIELD, Mass., Oct. 5, 2011 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB) announced that on September 30, 2011, its subsidiary, Berkshire Bank, entered into an agreement with FIS™, the world's largest provider of banking and payments technology, to deploy the FIS Integrated Banking Services (IBS) core processing solution as well as several ancillary solutions including ImageCentre™ item processing, IBS Sales and Service and card production. This investment will enable Berkshire Bank to provide expanded and improved services to customers and achieve long-term efficiencies for the Company as it continues on its path of strategic growth and expansion.  

(Logo: )

Berkshire President and CEO Michael P. Daly stated, "Berkshire Bank is delighted to expand our relationship with FIS.  IBS is a proven platform that is scalable and flexible enough to meet the evolving needs of our customers and the demands of our growing business.  We are looking forward to leveraging the operational efficiencies introduced by the IBS suite to enrich the experience that we currently offer to our customers."

Headquartered in Pittsfield, Mass., Berkshire Bank serves customers through its 60-plus branch network throughout Massachusetts, New York, and Vermont. The $4 billion bank has been an FIS client for a decade utilizing FIS' Qualifile ® decisioning solution, debit card processing and the NYCE ® Payments Network. Deploying the new solutions provides Berkshire Bank with the capacity to best serve its customers through increased ability to bring new products and services to market quickly and manage the bank's daily operations, while pursuing its growth and acquisition plans through increased functionality.

FIS provides core solutions to meet the unique demands and attributes of each market segment of the financial services industry, ranging from community and mid-tier institutions to large and global commercial banks. Each solution provides a specific market segment with the resources to maximize growth, increase productivity and mitigate risk. IBS is one of the leading outsourced retail and commercial banking solutions among mid-tier U.S. banks. A highly flexible and integrated core banking solution, IBS provides financial institutions with innovative technology, scalability and robust capabilities, making it an ideal solution for growing banks.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs