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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.

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