March 24, 2009

Waterfield, a leader in financial services for nearly 100 years, today announced a strategic partnership with Metavante (NYSE:MV), a leading provider of banking and payments technology, which will now provide core processing services to Waterfield Bank. This partnership includes a unique solution that allows Waterfield Bank customers access to up to $750,000 in FDIC insurance through a single account."Our partnership with Metavante brings even greater rigor to our transactional systems and operations, which results in increased security of our customers' funds," said J. Randall Waterfield, co-CEO of Waterfield Bank's holding company.

"But beyond that, the Metavante Brokered Funds Accounting solution provides our customers access to $750,000 in FDIC insurance for their accounts, allowing them to keep their large investments in one place without assuming unnecessary financial risks, which is critical in these tumultuous economic times."Waterfield Bank's alignment with Metavante, recognized as a leading provider of back-office, safety and soundness compliance systems, provides customers with continued confidence in knowing that their money is backed by nearly a century of banking experience and the latest in financial services technology.