CHICAGO, IL -- (MARKET WIRE) -- 11/21/06 -- Compushare, Inc., a national Financial Technology Management company for community financial institutions, and Computer Business Systems, Inc. ("CBS") of Warrenville, Illinois have signed a definitive agreement to merge their enterprises, greatly expanding community banking service options throughout Illinois. While the financial details of the agreement are not disclosed, the merger addresses significant service demand deficiencies identified by several banking associations and banking user groups. Specifically, outsource service providers that can assist with technology integration and compliance processes and programs are of particular concern to many bankers and their IT leaders. Regulators and compliance officials are increasingly raising the technology management requirements for smaller banks and finding access to the right expertise of particular difficulty. The merger between Compushare and CBS will fill this void and bring to the market additional high demand resources.

This is the second merger initiated by Orange County, California-based Compushare with a direct competitor in as many fiscal quarters and their third transaction in two years, which includes Garrison Security Services of Austin, Texas (Q3 2006) and Pifer Financial Services of Barrington, New Jersey (Q2 2005).

"We have had our eye on the Chicago-land and Illinois market for some time, and demands for our services have grown over the years as compliance requirements have increased on community banks -- the timing was right. By adding the CBS team, the combined company can now better address these needs in a more deliberate manner," said Compushare CEO Romir Bosu.

"We originally talked with Compushare nearly three years ago. As the services demand and vendor due diligence requirements [placed upon CBS] from our banking customers has grown exponentially, joining Compushare now gives us a unique service opportunity in the Greater Chicago-land region while providing deep technology and compliance capabilities on a national scale," said CBS President Michael Nicholas.

About Compushare

Founded in 1995, Compushare is a Financial Technology Management company that enables community financial institutions to focus on their operations, franchise value and safety. Their expertise and business approach toward technology performance and compliance assures strategic success. Compushare supports clients in major markets located in California, Texas, Nevada, Pacific Northwest, Southeast, Mid-Atlantic and Midwest regions of the United States.

Contact:
Aaron Silva
925-472-6557
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