CapitalSource Bank Selects Wolters Kluwer Financial Services to Help Meet Current and Future Regulatory Requirements

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Mon Nov 2, 2009 9:31am EST

Bank Turns to Company to Help Quickly Craft and Update Compliance Documents and
Disclosures while Saving Time and Money
MINNEAPOLIS--(Business Wire)--
Wolters Kluwer Financial Services announced today that CapitalSource Bank, a
wholly-owned subsidiary of CapitalSource, Inc. (NYSE: CSE), has selected the
company`s deposit account-opening disclosures and its online account-opening
agreements for use with its customers. According to Chad Gordon, assistant vice
president of Retail Banking Operations with the bank, both the disclosures and
the agreements are providing the financial institution with the assurance it can
comply with all applicable regulatory requirements while saving time and money. 

"We`re extremely confident from a compliance standpoint that all of the
information within the documents is up-to-date," said Gordon. "We knew Wolters
Kluwer Financial Services would get the job done quickly and efficiently,
allowing us to focus internal resources on other initiatives. We believe the
presentation and straightforward approach in their documentation would also be
well received by the consumer trying to make sense of bank legalese and
disclosure language." 

Gordon added that Wolters Kluwer Financial Services is extremely responsive in
updating the disclosures and agreements, providing the bank with fast updates to
compliance content and other information when needed from a regulatory or
marketing standpoint. 

"We can`t say enough about how easy it is to make changes to the documents and
how confident we are that the information within them will be accurate and
compliant," said Gordon. 

"The current bank regulatory landscape is changing by the day and financial
institutions are genuinely concerned about their ability to stay on top of it
all," said Lisa Fraga, vice president and general manager of Banking Content for
Wolters Kluwer Financial Services. "The attorneys and compliance analysts, many
of whom are former bankers and regulators, at Wolters Kluwer Financial Services
have the experience and knowledge necessary to help our customers rapidly
respond to regulatory change. That allows them to spend less time on compliance
and more on growing revenue through meeting their customers` needs." 

Wolters Kluwer Financial Services provides financial institutions with a
complete library of compliance documents, disclosures and consumer education
materials through print, electronic and automated formats. For more information,
visit www.WoltersKluwerFS.com. 

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content,
and technology solutions and services that help financial organizations manage
risk and improve efficiency and effectiveness across their enterprise. The
organization`s prominent brands include Bankers Systems, VMP Mortgage Solutions,
PCi, AppOne, GainsKeeper, Capital Changes, NILS, AuthenticWeb and Uniform Forms.
Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global
information services and publishing company with annual revenues of (2008) €3.4
billion ($4.9 billion) and approximately 20,000 employees worldwide. Please
visit our Web site for more information.

Wolters Kluwer Financial Services
Jennifer Marso, 612-852-7912
Director of Corporate Communications
Jennifer.marso@wolterskluwer.com
On Twitter: @JenniferMarso
or
Charles Miller, 320-240-5457
Senior Public Relations Specialist
Charles.miller@wolterskluwer.com
On Twitter: @CharlesWMiller

Copyright Business Wire 2009

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