Wisconsin-based Fiserv Inc. completed its previously announced agreement to acquire the item processing business of the Federal Home Loan Bank of Pittsburgh, according to Leslie M. Muma, president and CEO of Fiserv. Through this agreement, Fiserv has added two FHLBank item-processing facilities in Pittsburgh and Conshohocken, located outside Philadelphia.
The two item processing facilities provide a full range of check and document services to approximately 120 financial institutions throughout Pennsylvania, Delaware and West Virginia. Combined, the two operations process approximately 120 million items annually. With completion of this latest acquisition, Fiserv now processes more than 4.6 billion items annually at facilities located throughout North America.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
Verisk: Insurance Claims Volume Fell to 5-Year Low in 2025 
