BROOKFIELD, Wis. – Fiserv has signed a definitive agreement to acquire the item processing business of the Federal Home Loan Bank of Pittsburgh. Under this agreement, Fiserv will add two FHLBank item processing facilities in Pittsburgh and Conshohocken, located outside Philadelphia. Terms of the agreement were not disclosed. The two Pennsylvania facilities provide check and document services to approximately 120 financials throughout Pennsylvania, Delaware and West Virginia. Combined, the operations currently process approximately 120 million items annually. Once this agreement is final Fiserv will be processing more than 4.6 billion items annually at facilities throughout North America. The Federal Home Loan Bank of Pittsburgh, with assets of more than $41 billion, serves approximately 360 financial institution members in Delaware, Pennsylvania and West Virginia.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.