DALLAS, Jan. 31 /PRNewswire/ -- Affiliated Computer Services, Inc. ("ACS") (Nasdaq-NNM: ACSA) and Hancock Bank of Louisiana, a wholly-owned subsidiary of Hancock Holding Company (Nasdaq-NNM: HBHC), a $2 billion corporation based in Gulfport, Miss., announced today an agreement providing for the acquisition of certain assets of the bank's Baton Rouge operations which results in the formation of an ACS Baton Rouge Data Center. This center will provide a variety of information processing, image processing and back-office services for Hancock Bank and other financial institutions utilizing UNISYS hardware and ITI software. Darwin Deason, chairman and chief executive officer of ACS, stated, "ACS is committed to providing quality services to financial institutions. The Baton Rouge Data Center combined with the Hancock Bank association will promote that commitment and enhance our presence in the gulf states marketplace." George A. Schloegel, vice chairman of Hancock Holding Company, agreed, "This move allows us to be more efficient in our operation, plus it brings the services of a world class company within reach of many banks in this area." ACS is a nationwide provider of information processing services, including data processing outsourcing, electronic funds transfer transaction processing and information and image management. The company recorded revenues of $271 million for the year ending June 30, 1994. The Class A Common Stock of ACS is traded in the Nasdaq National Market System under the symbol "ACSA." -0- 1/31/95 /CONTACT: Jeffrey A. Rich, chief financial officer of Affiliated Computer Services, Inc., 214-841-6137/ (ASCA HBHC) CO: Affiliated Computer Services, Inc.; Hancock Bank of Louisiana ST: Texas, Louisiana, Mississippi IN: CPR SU: TM -- NY110 -- 1056 01/31/95 17:29 EST -0- (PRN) Jan/31/95 17:28 EOS (PRN) Jan/31/95 17:28 86 â -0- (PRN) Jan/31/95 17:43
ACS AND HANCOCK BANK REACH AGREEMENT ON DATA CENTER
Press spacebar to pause and continue. Press esc to stop.