PADUCAH, Ky. - Computer Services, Inc., a large bank processor, has signed a definitive agreement to acquire ATTUS Technologies, Inc., a leading provider of technology-based compliance solutions for banks, credit unions, insurance companies and securities firms. The acquisition is expected to close by May 30, 2003. Terms of the acquisition were not disclosed. "The demand for compliance solutions has accelerated since 9/11 as the federal government has increased the requirements for banks, credit unions, insurance companies and securities firms to review customer accounts and transactions to comply with regulations from the Office of Foreign Asset Control (OFAC) and the latest changes in the recently passed USA Patriot Act," said CSI President and CEO Steven A. Powless ATTUS provides compliance solutions to approximately 2,000 customers in the financial services industry.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
From the June-04, 2003 issue of Credit Union Times Magazine • Subscribe!
CSI to Acquire ATTUS Technologies
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Comments
Resource Center
View All »
Measure and Monitor the Risks and Opportunities in Loan Portfolios
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
