SOURCE: Compushare, Inc.

October 02, 2007 15:16 ET

Industry Veteran Michael Barrack Joins Compushare to Head Development of Risk and Compliance Group

SANTA ANA, CA--(Marketwire - October 2, 2007) - Compushare, Inc. of Orange County, California announced today the addition of Michael Barrack as Director of Risk and Compliance. Barrack joins Compushare with over 20 years of experience as a bank leader and provider of technology services.

As Director, Barrack will be responsible for leading and developing the Risk and Compliance group, expanding the company's service footprint into the existing client base and new communities, delivering additional service offerings, and addressing the unique range of regulatory and technology needs of community financial institutions. Prior to joining Compushare, Barrack served as Director of Information Systems at East West Bank and Chief Information Officer of Community Bank of Pasadena, where he effectively utilized the services of Compushare.

Said Vice President of Client Services Karn Griffen, "Michael's addition to the Compushare team will bring new growth opportunities to our company and enable a better alignment of our services in addressing the technology concerns and pressures of our clients."

A tenured bank leader, Barrack also has had extensive experience servicing the financial industry as a technology service provider. Most recently, he served as Chief Executive Officer at iPay Technologies, LLC, a Kentucky-based bill payment processing company. During his tenure, Barrack led the company through a period of explosive growth, tripling revenue and increasing profitability and the client base of community banks and credit unions substantially.

"As a former client, I have experienced first-hand the value in calling in and relying on the Compushare team. Their client-centric focus and excellence in delivery have enabled the company to ascend to a market leadership position," said Barrack. "I hope to increase that positioning through my unique range of experience walking in the shoes of the banker, the technology provider, as well the client. This allows me rare insight as to the pressures our clients face and a holistic understanding of how we can best position and they can best leverage our services."

Barrack resides in the Nevada community and holds a Masters of Business Administration at University of California, Los Angeles.

About Compushare

Compushare, Inc., a California Corporation headquartered in Orange County, is a Financial Technology Management company that enables community financial institutions to focus on their operations, franchise value and safety. Their expertise and CIOTHiNK! business approach toward technology performance and compliance assures strategic success. Founded in 1995, Compushare provides technology services and compliance services on an outsourced basis that addresses business concerns in Strategy, Safety, Soundness and Support. For more information, visit www.compushare.com.

Contact Information

  • Contacts:

    Karn Griffen
    Vice President of Client Solutions
    (714) 427-1028
    Email Contact

    Jaine Kim
    National Marketing Manager - Media Contact
    (925) 771-3051
    Email Contact