Press Releases

Quad City Bank & Trust Goes Live on SunGard’s Charlotte and iWorks for Family Office Accounting and Custody

August 3, 2009 — Wayne, PA

Iowa-based community bank Quad City Bank & Trust has implemented SunGard’s Charlotte trust and investment management system integrated with SunGard’s iWorks Enterprise Accounting System (EAS) to help support the launch of the bank’s new family office services.  Using the integrated SunGard solution, Quad City Bank & Trust is able to combine brokerage and trust accounts, obtain fair market value and transactions and provide financial and client reporting across  its different locations and entities.

Chad Lewis, vice president, wealth management at Quad City Bank & Trust, said, “After a comprehensive search, we found SunGard to have the right combination of solutions to support our new family office environment.  Tapping into the collective technology expertise of SunGard is important for helping ensure consistency and focus toward a common goal.  With SunGard technology supporting our core operations, we are confident in our ability to focus the talent of our private bankers, trust officers and CPA’s to personalize our family office services to help meet the needs of our multi-generational relationships.”

Information from SunGard’s Charlotte trust accounting and SunGard’s iWorks EAS family office systems is combined with information from outside brokerage houses to provide Quad City Bank & Trust with a fully automated method for consolidating client information onto a single platform.  The solution also accommodates specific requirements of each family office, and provides Quad City Bank & Trust with the ability to integrate the data required for the bank’s general ledger accounting.

Kevin Rafferty, president of SunGard’s wealth management business, said, “SunGard’s integrated solution helps Quad City Bank & Trust gain a detailed understanding of its clients’ accounts and holdings. It gives Quad City Bank & Trust the tools it needs to dedicate more of its time to providing the high level of client service required to support family offices.”

About Quad City Bank & Trust
The mission of Quad City Bank & Trust is to be the most customer-focused financial institution in the Quad Cities. Quad City Bank & Trust is a local bank with over $1B in assets and is headquartered in Bettendorf, IA. The bank employs 150 individuals in five Quad City-area locations, providing full service commercial and consumer banking, trust and asset management services. Visit www.qcbt.com for more information.

About SunGard’s Charlotte
A trust accounting and investment management solution for wealth management organizations, family offices, law offices and non-profit organizations, Charlotte provides portfolio management, securities processing, performance reporting and regulatory compliance.

About SunGard’s iWorks
SunGard’s iWorks is a business-driven IT product suite for the insurance industry in each of the following major business lines: life/health/annuities/pensions, property and casualty and reinsurance. iWorks offers a range of products and services including front-office tools, policy administration, reinsurance, actuarial calculations, financial accounting, investment accounting, and reporting. SunGard partners with customers to deliver products and services that align with changing business and regulatory needs.

About SunGard
SunGard is one of the world’s leading software and IT services companies.  SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.

SunGard provides software and processing solutions for financial services, higher education and the public sector.  SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.

With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times.  For more information, please visit SunGard at www.sungard.com.

*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com

Trademark Information:  SunGard, the SunGard logo, Charlotte and iWorks are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries.  All other trade names are trademarks or registered trademarks of their respective holders.