2008-08-27 23:57:02 -

www.opensolutions.com - Open Solutions Inc. Marvin (Mickey) Goldwasser, 860-652-3153 mgoldwasser@opensolutions.com or Media Contact for Open Solutions Andrew McCaskill, 678-781-7210 First National Bank of Bosque County (FNB Bosque) announced it has selected Open Solutions Inc.(R)'s The Complete Banking Solution(R): DNA (TCBS: DNA), the latest release of its relational core data processing platform, to handle the bank's current and long-term operational efficiencies. Open Solutions is a leading provider of integrated enabling technologies for financial service providers throughout the United States, Canada and internationally.

Based in Valley Mills, TX, FNB Bosque holds approximately $93 million in assets, and serves 6,700 accounts through four branches. Established in 1908, the bank has spent 100 years providing financial services for the community and recently announced

its 60th consecutive "Five-Star Safety Rating" from Bauer Financial, Inc. In an effort to move to a more modern platform and proactively address changes in the financial industry, FNB Bosque will implement The Complete Banking Solution: DNA in an outsourced processing environment.

Brent Rickles, senior vice president for FNB Bosque County, cites better commercial lending capabilities, smooth integration with the bank's Internet banking application and payments processing, and improved Check 21 and branch capture capabilities as the primary reasons for selecting the TCBS platform and Open Solutions as a long-term partner.

"It is clear that changes in the financial industry will be shifting the way banks function in the near future," said Rickles. "We decided it was best to address these changes now, as opposed to reacting when they happen. Open Solutions' TCBS will help us do this, as well as vastly improve our multitasking capabilities, make our workflow more efficient and provide real-time customer information. And because of the open architecture and similar look and feel between programs, training will be simple. All of this will help propel us forward in our goal of competing with larger regional community banks and keeping our bank on the leading edge of the industry."

The Complete Banking Solution is built on a powerful, centralized Oracle(R) relational database designed to be an open architecture application, creating the flexibility necessary for running a service-oriented financial institution. Available as an in-house or outsourced solution, it helps banks streamline both front- and back-office processes and creates a centralized view of customers, employees and business partners.

In addition to The Complete Banking Solution, FNB Bosque is also implementing Open Solutions' digital document solution (electronic document management), cView(TM) (CRM/business intelligence), e-Commerce Banker (Internet banking and cash management), loan origination systems, the financial accounting suite, item processing with branch capture, as well as Open Solutions' telephony ASP and ATM services.

"In today's changing financial industry, it has become vitally important for institutions to be able to adapt and grow with the industry," said Louis Hernandez, Jr., chairman and CEO of Open Solutions. "To compete and better serve the changing needs of customers, banks must be ready to stay ahead of the pack in terms of technology, and our state-of-the-art core platform will assist First National Bank of Bosque County's ability to meet their business goals. Our products are designed to work seamlessly to provide banks with the tools they need to improve internal operations while providing outstanding customer service. We are pleased to have earned FNB Bosque's business and look forward to a long partnership by providing them with innovative solutions as they invest in the long-term future of their institution."

About Open Solutions

Open Solutions Inc. offers a fully featured strategic information management product platform that integrates core data processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting and management tools, profitability tools, wealth management, imaging, digital documents, interactive voice response, technology services, HSAs, payments and loan origination solutions. Open Solutions' full suite of products and services allows banks, thrifts, credit unions and financial services providers in the United States, Canada and internationally to better compete in today's aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service.

For more information about Open Solutions or its financial product line, contact Mickey Goldwasser by email at mgoldwasser@opensolutions.com or by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open Solutions' Internet site at www.opensolutions.com.

Open Solutions Inc. and The Complete Banking Solution are registered trademarks of Open Solutions Inc. All other company and product names may be trademarks of their respective owners. Copyright 2008. Open Solutions Inc. All rights reserved.

Editor's Note: The correct usage of the company name, Open Solutions Inc., is either referring to it as Open Solutions Inc. or Open Solutions. Open Solutions no longer uses the acronym of OSI to refer to the company.

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