SOURCE: Compushare, Inc.

Compushare, Inc.

June 27, 2012 17:11 ET

ICBA Member Banks Are Increasing Adoption of Cloud Computing

Community Banks Recognize the Financial, Security and Compliance Benefits of Migrating to ICBA's Preferred Service Provider, Compushare, for Cloud Computing

SANTA ANA, CA--(Marketwire - Jun 27, 2012) - Compushare, the nation's leading Technology Management Provider for the financial industry, announced today the increased rate of migration of Independent Community Bankers of America (ICBA) Member Banks to its Compushare Cloud Computing (C3) solution. C3 is the only on-demand fully hosted cloud computing solution designed specifically for the financial services market. Since being chosen by ICBA as the Preferred Technology Management Service Provider for community banks in October 2011, Compushare has contracted with ICBA Community Banks all across the country that have decided to migrate their entire technology infrastructure and applications to C3

"The challenging economic and regulatory environment demonstrates how important it is for banks to focus on their business without having to worry about investing in and maintaining technology assets," said Romir Bosu, Compushare CEO. "Our Cloud Computing solution allows banks to do just that. Compushare is the first in the financial industry to be able to offer this category-defining solution so community banks can realize all of the financial, security and compliance benefits. We are pleased to have been selected as an ICBA Preferred Service Provider and are excited with the momentum of ICBA Member banks moving to Compushare's Cloud Computing C3 solution," Bosu commented.

Hyperion Bank, based in Philadelphia, PA, recently migrated to Compushare's C3 solution after recognizing the cost, security and efficiency benefits in doing so. Wayne S. Hardenbrook, EVP/CFO of Hyperion Bank, remarked, "Hyperion Bank has worked with Compushare for several years and we have relied on them for key aspects of our technology management. It has been a great working relationship with Compushare and we have recently decided to expand that partnership by moving onto Compushare's C3 Hosted Application Platform. As an ICBA Member, it was very important for us to know during our due diligence process that Compushare was an ICBA Preferred Service Provider. This gave us the confidence that we were working with a best of breed company specifically focused on the community banking industry."

"Compushare has been a key ingredient in our core processing conversion, implementation of new business products, improved health and stability of our network, success in regulatory examinations, and now migration to their hosted cloud environment. We look forward to a beneficial relationship with the ICBA and Compushare for years to come," commented ICBA Community Bank Member Tom Skraba, Vice President Operations of PeopleFirst Bank, Joliet, IL.

Just this year, dozens of ICBA member banks have also chosen Compushare to host certain critical applications such as email, IT compliance management and Client Relationship Management (CRM) applications within the C3 cloud environment. 

About Compushare:
Compushare is the leading provider of high quality, innovative technology and compliance solutions for the financial market. Whether it's providing a totally outsourced cloud computing solution or assisting with the management of your technology or IT strategic plan, Compushare takes a consultative approach to its solutions. With more than 15 years of technology experience supporting over 800 financial clients nationwide, Compushare is a SSAE16, SOC 2, TYPE II certified, FDIC reviewed, and preferred partner with many major providers. From our leadership team to the members of our service delivery team, our array of knowledge, certifications and practical expertise is unrivaled in the Financial Services Industry.

Learn more about Compushare, Inc. at

About Independent Community Bankers of America (ICBA):
The Independent Community Bankers of America, the nation's voice for community banks, represents nearly 5,000 community banks of all sizes and charter types throughout the United States and is dedicated exclusively to representing the interests of the community banking industry and the communities and customers we serve. 

For more information, visit

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