SOURCE: Metavante Corporation

March 06, 2006 16:55 ET

INTRUST Bank Chooses Metavante Investment Technology Services and Marshall & Ilsley Trust Company

Deal Caps off Metavante's Key 2005 Contract Wins and Renewals for Investment Technology Services

MILWAUKEE, WI -- (MARKET WIRE) -- March 6, 2006 -- Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced that INTRUST Bank has expanded its relationship with Metavante to include investment and trust technology and full trust operations outsourcing through Marshall & Ilsley Trust Company N.A. (M&I Trust). This new contract adds to Metavante's 2005 Investment Technology Solutions' success, which included winning nine new clients and renewing 19 contracts. Headquartered in Wichita, Kan., INTRUST Bank is a leading financial institution with $2.8 billion trust assets under management.

According to the agreement, Metavante will provide INTRUST with full trust operations outsourcing services through M&I Trust, which will assume responsibility for INTRUST Bank's back-office operations using Metavante's TrustDesk technology. INTRUST will install the Metavante TrustDesk workstation to streamline its daily procedures and gain a greater ability to drive internal efficiencies.

"Our business model calls for the outsourcing of trust technology and operations and we depend upon our provider to work closely with us and address our needs quickly if we're going to continue to grow and compete effectively in the expanding wealth management market," said Rodney D. Pitts, executive vice president and manager, INTRUST Bank Private Wealth Management. "Throughout our relationship, Metavante has delivered flexible and innovative solutions to help us improve our operating productivity and foster better client relationships. Extending this relationship even further through our latest trust processing agreement with M&I Trust will allow us to concentrate on building client relationships, product advancement, as well as new business development."

Since 1995, Metavante has been providing INTRUST with a comprehensive suite of banking and payment technology services, including financial account processing, electronic banking, electronic presentment and payment, electronic funds transfer and card, and customer relationship management tools.

"The competitive win of INTRUST, along with our overall success in 2005 is a firm affirmation by the marketplace of Metavante's and M&I Trust's ability deliver a wide range of trust services for any size financial institution. Metavante's technology and expertise is providing the answer to complex operating challenges to meet each client's distinct service requirements," said Douglas Smith, senior vice president and general manager, Metavante Investment Technology Services. "INTRUST has long been an industry innovator in business management and the development of new wealth management capabilities. Our technology will be at the backbone of INTRUST's process and our TrustDesk solution will help INTRUST deliver superior customer service at the advisor level."

Metavante Investment Technology Solutions offers a set of Internet-enabled products and services to more than 200 financial services providers that address the specific needs of the rapidly growing wealthy, affluent, and emerging affluent markets as well as commercial clients. These solutions address asset and liability aggregation, trust and investment account management, and client and regulatory reporting.

About INTRUST Bank

Established in 1876, INTRUST has grown to become one of the leading financial institutions in the Midwest with assets of $3 billion. With more than 40 branches in Kansas and Oklahoma, INTRUST is committed to providing exceptional service, quality products and cutting-edge technology. INTRUST Financial Corporation, its parent company, is the largest independent bank holding company headquartered in Kansas.

About Metavante

Metavante Corporation is redefining banking and payments to financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer health care payments, and electronic presentment and payment. Headquartered in Milwaukee, Metavante ( is wholly owned by Marshall & Ilsley Corporation (NYSE: MI).

About Marshall & Ilsley Trust Company N.A.

Marshall & Ilsley Trust Company N.A., (M&I Trust) is an affiliate of Marshall & Ilsley Corporation (NYSE: MI), a diversified financial services corporation headquartered in Milwaukee, Wis., with $46.2 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank. M&I Bank has 194 offices throughout the state, in addition to 42 locations throughout Arizona; 13 offices in metropolitan Minneapolis/St. Paul, Minn.; and, locations in Duluth, Minn.; Las Vegas, Nev.; and, Naples and Bonita Springs, Fla. M&I's Southwest Bank affiliate has seven offices in the St. Louis area and one office in Belleville, Ill. Metavante Corporation, Marshall & Ilsley Corporation's wholly owned technology subsidiary, provides virtually all of the technology an organization needs to offer financial services. M&I also provides trust and investment management, equipment leasing, mortgage banking, asset-based lending, financial planning, investments, and insurance services from offices throughout the country and on the Internet ( or M&I's customer-based approach, internal growth, and strategic acquisitions have made M&I a nationally recognized leader in the financial services industry.

The following marks are intellectual property of Metavante Corporation: Metavante and TrustDesk.

Contact Information

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    Sam Baumgarten
    Metavante Corporation
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