Article

"Strategic Core Conversions: Transitioning core products can help banks achieve strategic goals" (Wisconsin Banker)

Andy Spillane was recently quoted in "Strategic Core Conversions: Transitioning core products can help banks achieve strategic goals" in the Wisconsin Banker. The following is an excerpt from the article. 

Core conversions are massive, expensive operations and therefore undertaking, it has to start with there being a key need,” said Andrew Spillane, an attorney with Godfrey & Kahn, s.c.  “There has to be a major motivation.”

Spillane explained banks with merger activity in their near-term strategy should avoid signing a long-term deal in order to cut costs, since the long-term impact could be greater overall. “I’ve never run into a purchase where the core processor contract didn’t play a role. Banks should think about the degree to which their core processing term lines up with their M&A timeline,” he advised. 

Read the full article here.