Valley Savings Bank Selects Open Solutions’

Imaged Payment Technologies

— Bank streamlines check operations; selects stable technology partner —

Glastonbury, Conn., Sept. 9, 2009 - Valley Savings Bank of Cuyahoga Falls, Ohio has selected Open Solutions Inc’s ® Imaged Payment Technologies Group’s remote deposit capture software to take advantage of Check 21 legislation and further streamline its check operations processes. Open Solutions is a leading provider of integrated enabling technologies for financial service providers in the United States, Canada and other international markets.

With more than $107 million in assets, 13,000 accounts and two branches, Valley Savings Bank is a locally owned and operated full-service community financial institution. A long-standing user of Open Solutions’ TotalPlus core processing platform, the bank cited the stability of the organization, the personal service delivered and the modern technology infrastructure as the primary reasons for its selection of Open Solutions’ remote deposit capture software.

Valley Savings Bank President Ann Durr said, “We have been an Open Solutions core processing client for many years. We’ve always received superior service and that was one of the primary reasons we expanded our relationship with Open Solutions to add the remote deposit capture capabilities. Open Solutions provides on-site training for our employees and that is important to our institution. Additionally, in the current environment it was imperative to our organization that we selected a stable, proven provider. As a nationally recognized and respected provider, we feel confident that Open Solutions will be able to meet our needs now and in the future. The industry has witnessed record change this year and partnering with stable providers is very important to our continued success.”

Open Solutions’ image-enabled item processing system drives a wide range of check-processing transports and streamlines a financial institution’s operations. In addition, the solution optimizes workflow, enhances business flexibility and generates fee income. Key benefits include improved funds availability, faster client service and greater abilities for institutions to retain more accounts and save on monthly mailing costs.

“As our institution grows, it is important that we continue to deliver the personal service we are known for in our community,” said Durr. “By adding Open Solutions’ item processing and remote deposit capture solution, we will be able to deliver our customers electronic statements, faster availability of funds and improved customer service.”

“Open Solutions provides customized imaging solutions that help financial institutions achieve greater efficiency, profitability and competitiveness,” said David T. O’Malley, Senior Vice President and GM, SSG, IPTG and CFS. “Banks can implement solutions to provide the most cost-efficient clearing path, provide unlimited access to image archives, combat fraud or increase fee income. Additionally, these solutions can be deployed rapidly to anticipate market demands by clients of our financial institutions. Whatever the objective, Open Solutions has a solution that ensures the highest level of operational success.”

Louis Hernandez, Jr., Open Solutions’ chairman and CEO, said, “Open Solutions understands the challenges community banks face today. I am very pleased we are expanding our relationship with Valley Savings Bank to add even more innovative solutions to address their needs. This further demonstrates our commitment to our clients and to developing proven, sophisticated solutions. We are always pleased when we add a new client to the Open Solutions’ family, but it is truly a testament to our organization when more and more existing clients expand their relationships and add more Open Solutions’ products to their existing platform.”

About Open Solutions Inc.

Open Solutions Inc. offers a fully-featured strategic information management product platform that integrates core processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting and management tools, profitability tools, wealth management, imaging, digital documents, interactive voice response, technology services, HSAs, payments and loan origination solutions. Open Solutions’ full suite of products and services allows banks, thrifts, credit unions and financial services providers in the United States, Canada and internationally to better compete in today’s aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service.

For more information about Open Solutions, contact Deborah Katz at deb.katz@opensolutions.com, phone 860.815.5385 or fax 860.815-5803. Visit Open Solutions at www.opensolutions.com.

Open Solutions Inc. is a registered trademark of Open Solutions Inc. All other company and product names may be trademarks of their respective owners. Copyright 2009 Open Solutions Inc. All rights reserved.

Editor’s Note: The correct usage of the company name, Open Solutions Inc., is either referring to it as Open Solutions Inc. or Open Solutions. Open Solutions no longer uses the acronym of OSI to refer to the company.

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