Apple Bank for Savings Selects TPG Software

* Reuters is not responsible for the content in this press release.

Thu Aug 27, 2009 11:13am EDT

HOUSTON--(Business Wire)--
TPG Software, Inc., a leading provider of management and accounting software
solutions for the financial industry, announced that Apple Bank for Savings has
selected TPG`s software solutions to automate and streamline its investment and
derivative operations and financial reporting. Apple Bank for Savings plans to
convert and be in live production by the end of the 2009. 

"We wanted to improve operating efficiency while maintaining the highest levels
of accuracy and regulatory compliance within investment operations. Apple Bank
is always looking to stay abreast of the latest technology," said Senior Vice
President, Lou Rawden. 

TPG provides a straight through processing solution, from trade capture to
investment accounting, post-trade settlement, reconciliation, reporting and
compliance. The Portfolio Genius is TPG Software`s flagship portfolio
management, investment accounting and reporting solution for institutional
investors. 

"We are very pleased that Apple Bank has selected TPG, entrusting our systems to
support their current accounting requirements and future growth," said Cory
Sokoloski, VP Sales, at TPG. "TPG continues to demonstrate that our solutions
meet the growing demands of institutional investors and increase operational
efficiency while keeping pace with today`s changing technology." 

Apple Bank for Savings

Apple Bank for Savings is headquartered in New York City and with over $7
billion in assets, Apple stands today as the 4th largest savings bank in the
State of New York and one of the strongest depository institutions in the
nation. 

TPG Software, Inc.

TPG Software is a leading software solutions provider for bank investment
portfolio accounting, funding and safekeeping, serving banks, thrifts, credit,
unions and broker/dealers throughout the US, Canada and Puerto Rico.
www.tpgsoftware.com





TPG Software
Vice President, Sales
Cory Sokoloski, 303-741-0325
Cory.Sokoloski@TPGSoftware.com

Copyright Business Wire 2009

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