Leading provider of credit risk management technology lets bank improve portfolio analysis and management.

 

First Citizens Bank Selects DiCom Software to Enhance Credit Risk Management Capabilities
Orlando, Fla., January 13, 2009—DiCom Software, a leading provider of credit risk management technology solutions for financial institutions nationwide, announced today that First Citizens Bank of Raleigh, North Carolina, has licensed DiCom’s Credit Quality Solution (CQS).

First Citizens Bank, established in 1898, serves customers throughout North Carolina, Virginia, West Virginia, Tennessee and Maryland through its 343 branches. It is one of the largest family-controlled banks in the U.S.

Specifically, First Citizens will be implementing all three solutions in the DiCom CQS suite including:

•Portfolio Analysis: provides immediate access to current and historical credit information, delivering enterprise-wide analytics on loan portfolio composition and risk performance over time. It also features a query builder that generates a graphical view of data for simplified management reporting. 

 

•Portfolio Management: provides tools to manage and report on credits of interest, including problem loans. Bank wide communication is improved through an online communication forum among appropriate bank personnel to facilitate timely discussion and decision-making. Action plans are driven through an integrated tickler system.

 

•LRS Enterprise: enables credit review to efficiently obtain a thorough view of the credit quality of the credit portfolio using a risk-based review strategy. 

 

“We are pleased to add First Citizens Bank as a client,” said DiCom Executive Vice President Doug Latare. “First Citizens is very proactive in its approach to managing credit risk. With our solutions, they will now have the ability to gain deeper control over every aspect of the credit risk management process by deploying our integrated credit risk management tools,” Latare said. “We look forward to working with them to deliver the full range of benefits DiCom CQS offers to financial organizations across the U.S.”

About First Citizens Bank
Headquartered in Raleigh, N.C., First Citizens Bank is a major subsidiary of First Citizens BancShares Inc., which has $16.7 billion in assets. First Citizens is committed to providing superior financial services to individual customers, professionals and small to mid-sized businesses. For more information about First Citizens Bank and its services, visit firstcitizens.com or call toll-free 1-888-FC DIRECT (1-888-323-4732).
About DiCom Software

DiCom Software is a leading provider of credit risk management technology solutions for financial institutions nationwide. The company’s product suite, DiCom Credit Quality Solution (CQS), delivers tools to efficiently analyze, review and manage loan portfolios while minimizing risk. DiCom’s solutions are the preferred choice of today’s best credit risk personnel at banks across the U.S. ranging in size from $300 million to more than $200 billion in assets. For more information, visit www.dicomsoftware.com.
 

Corporate Contact:
Doug Latare
Executive Vice President
DiCom Software
Office: 407.246.8060
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Media Contact:
Lori Siragusa
Inline Marketing Partners
407.571.6840
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