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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: Benny Baga who wrote (5809)	6/1/1999 6:57:00 AM
From: AugustWest	Read Replies (1) \| Respond to of 20297

Federal Trust Bank Announces Its Entry Into Internet Banking May 28, 1999 WINTER PARK, Fla., May 27 /PRNewswire-- Federal Trust Corporation's (Nasdaq: FDTR) President and CEO, James Suskiewich announced today that its subsidiary, Federal Trust Bank, entered into an agreement with Online Resources & Communications Corporation of McLean, Virginia, under which the Bank will provide Internet and remote banking services. Mr. Suskiewich stated that, "We have been looking for an on-line real-time software provider that would be compatible with our product lines and data service provider. Online Resources fits the bill." Mr. Suskiewich went on to say, "Initially, we will provide basic electronic banking services that will provide account holders with immediate access to checking and savings accounts, the ability to review account statements to confirm deposits and checks cleared, as well as to be able to download statement information to money management software packages. Account holders will also be able to transfer funds between their accounts with Federal Trust and other financial institutions and pay bills electronically. We intend to add more products and services that will allow us to compete for customers on a nationwide basis so that we can take full advantage of our federal-thrift charter powers." At March 31, 1999, Federal Trust Corporation had 4,941,547 shares of common stock outstanding, with consolidated assets of $179,844,010 (unaudited) and stockholders' equity of $13,326,436 (audited). The Company's common stock is traded on the Nasdaq Small Cap Market System under the symbol "FDTR." For more information, contact: Lori MacTavish, Corporate Secretary/Investor Relations, 407-645-1201 SOURCE Federal Trust Bank /CONTACT: Lori MacTavish, Corporate Secretary, Investor Relations, Federal Trust, 407-645-1201/ /Photo: newscom.com or NewsCom, 213-237-5431/ /Web site: federaltrust.com (FDTR) [Copyright 1999, PR Newswire