AT&T to Increase Data Speeds for Broadway Bank
San Antonio, Texas, March 24, 2008
AT&T Inc. (NYSE:T) today announced a three-year $1.8 million network services contract with Broadway Bank, San Antonio's leading independently owned bank. The agreement renews and expands a long-standing relationship between the two companies.
Broadway Bank, which has banking centers in San Antonio and the surrounding Texas Hill Country, will benefit from faster and highly reliable network services from AT&T. Under terms of the agreement, AT&T will upgrade Broadway Bank to Multiprotocol Label Switching (MPLS)-based Virtual Private Network (VPN) and OPT-E-MAN® Ethernet services. The MPLS upgrade replaces Broadway Bank's current services, which run over Frame Relay and Asynchronous Transfer Mode (ATM) network platforms.
AT&T's flexible and secure solution will integrate Broadway Bank's 36 locations, including banking centers, its corporate office in San Antonio and its backup site. The AT&T solution will also provide video conferencing.
"We expect the upgrade to an MPLS-based VPN services, combined with Ethernet services, will boost bandwidth and give all employees access to the same critical applications, regardless of their location or access links," said Tom Llewellyn, executive vice president and chief information officer for Broadway Bank. "The overall cost-effectiveness of the solution will allow us to invest in our business in this highly competitive industry."
AT&T's high speed VPN solution will enable Broadway Bank to conduct transactions faster and more efficiently. It will also enhance data security and position the organization for rich media content, such as live video broadcasts and video on demand to the desktop. AT&T's highly scalable solution will enable Broadway Bank to converge its critical business applications onto a unified and scalable MPLS-enabled platform and will allow for future applications to be used at Broadway Bank's locations. Broadway Bank plans to eventually convert all branches to Voice over Internet Protocol (VoIP) service.
In addition to data services, AT&T provides Broadway Bank with a full set of voice, dedicated Internet access and security services.
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About Broadway Bank
Serving San Antonio and surrounding south and central Texas communities, Broadway Bank has evolved from a small neighborhood bank into the largest independently-owned bank headquartered in the metropolitan area. Founded in 1941, Broadway is a highly rated, locally-owned and operated, full-service financial institution with more than $1.7 billion in assets operating 29 banking centers. Eisenhower Bank is the military division of Broadway Bank and maintains seven branch locations serving world-wide military clientele. For more information, visit www.broadwaybank.com or www.eisenhowerbank.com.
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at www.att.com.
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