Abel Solutions to Develop Clearing/Cash Management Program
for CenterState Bank
January 26, 2010
Abel Solutions, a leading application developer and Microsoft SharePoint solution provider, announced today that they have been engaged by CenterState Bank of Florida, N.A. to develop a technology platform that will support a complete Clearing/Cash Management program.
CenterState Bank is adding this key functionality after the management lift out of several key Silverton Bank employees gave them the capacity to expand their service offerings through their Correspondent Division.
“A robust Clearing/Cash Management program is critical to our ability to offer a fully comprehensive correspondent product suite to our customers,” explained Kellie Endres, Senior Vice President of CenterState Bank.
The program will include settlement (account information and reporting), fed funds, sweep, wire transfer, ACH, FRB services, OFAC capabilities and international services.
“We are fortunate to be able to partner with Abel Solutions – who was instrumental in the development of Silverton’s on-line banking product – for the development of the CenterState Bank technology,” continued Endres.
“The renewal of our partnership is a great affirmation of the quality of work that we have delivered,” stated Kevin Abel, President of Abel Solutions. “Our previous success in the development of banking technologies for Silverton Bank will allow our team to hit the ground running.”
About CenterState Bank
CenterState Bank of Florida, headquartered in Winter Haven, Florida, is the lead bank of CenterState Banks, Inc. Presently the Company operates through 38 locations in ten counties throughout Central Florida, providing traditional deposit and lending products and services to its commercial and retail customers. The Bank, through its Correspondent Division, also provides capital markets services; federal funds programs; and safekeeping, bond accounting, and asset/liability consulting services to community financial institutions throughout the Southeast. For more information, please visit www.centerstatebank.com.
