EXHIBIT 10.28
ADDENDUM NO. 2
TO
AGREEMENT FOR REMOTE COMPUTING SERVICES
BETWEEN Pan American Bank, F.S.B. ("Client") and Fiserv Fresno, Inc. ("FISERV").
1.0 PURPOSE:
Fiserv and Client wish to amend the Agreement for Remote Computing Services
which has an Effective Date of April 1, 1995, ("Agreement"). Notwithstanding
anything in the Agreement to the contrary, in the event of a conflict between
the terms of the Agreement and the provisions of this Addendum, the provisions
of this Addendum shall take precedence.
2.0 EXTENSION OF TERM:
The stated term of the Agreement shall be extended three (3) years with an
effective date of April 1, 1996 and an expiration date of March 31, 1999.
3.0 PRICING:
Pricing reflected in the revised Attachment 2, Schedule A includes a "core
systems" discount of twenty two percent (22%) and additional miscellaneous
discounts as defined in Attachment 2, Schedule A on page 3.
Line of Credit, Revolving Line of Credit and Equity Line of Credit shall be
billed at $1.15 per loan with a minimum monthly charge of $50.00 effective
September 1, 1996.
Fiserv shall waive 50% of the implementation fee for the Integral Financial
Systems.
Fiserv shall waive 50% of the implementation fee for the ACH Origination System.
Fiserv shall offer a 10% discount towards the OKRA Total Marketer Product.
TELECOMMUNICATION NON - BISYNC LINES cost on page 3 of Attachment 2, Schedule A
reflects an increase. Zone 6, currently invoiced at $445.65 per drop, will
increase to $470.00 per drop and Zone 7, currently invoiced at $611.44 per drop,
will increase to $646.00 per drop. This pricing will be in effect for the first
year of the Agreement, however, AT&T increases that may occur in years two and
three of this Agreement will be passed through to the Client.
4.0 NETWORK:
Client-requested new Network design and implementation will be invoiced to the
Client.
________________________________________________________________________________
Signature Provision
PAN AMERICAN BANK, F.S.B. FISERV FRESNO, INC.
/s/ XXXXXXXX X. GRILL /s/ [SIGNATURE ILLEGIBLE]
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Signature Signature
President Vice President
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Title Title
/s/ [SIGNATURE ILLEGIBLE] 7-12-96
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Signature Date
Vice President--Operations
--------------------------------
Title
7-9-96
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Date
ATTACHMENT 2
SCHEDULE A
REVISED AS OF JUNE 21, 1996
Est. Mthly Est. Mthly
Volume Price Fee
DEPOSIT PER ACCOUNT CHARGE (CORE SERVICE)
Open Accounts ( 1 - 20,000) 11,780 @ 0.70570 8,313.15
Open Accounts (20,001 - 30,000) @ 0.63513
Open Accounts (30,001 - 40,000) @ 0.59985
Open Accounts (40,001 - 50,000) @ 0.56456
LOAN PER ACCOUNT CHARGE
Open Accounts ( 1 - 25,000) 8 @ 2.86218 22.90
Open Accounts (25,001 - 45,000) @ 2.57596
Open Accounts (45,001 and Over) @ 2.43285
PER ACCOUNT CHARGES INCLUDE THE FOLLOWING EXISTING SERVICES:
DEPOSIT SYSTEMS
Deposit Accounts
Closed Deposit Accounts
Deposit Dummy Accounts
Deposit Online History
Commercial Checking Service Charge
Accounts Analyzed and/or Reconciled
Expanded Retirement Accounts (XXX/XXXXX)
Advanced Safe Deposit Accounting
TRANSACTION PROCESSING
Transaction Processing
Check Printing Charge
UNIVERSAL LOAN SYSTEMS
Collection Accounts
Mortgage/Consumer Loan Accounts
Savings Account Loans
A.M.L. Accounts
Impound Accounts
Participation Packages
Closed Loan Accounts
Loan/Collection Dummy Accounts
Loan Online History
Loan Coupon Service Charges
Page 1
ATTACHMENT 2
SCHEDULE A
REVISED AS OF JUNE 21, 1996
GENERAL LEDGER SYSTEM
Loan and Deposit Accounts
Page 2
ATTACHMENT 2
SCHEDULE A
REVISED AS OF JUNE 21, 1996
AD HOC REPORT WRITER
User Maintenance Fees (1 user)
Ad Hoc Reports (1 - 5)
AUTOMATED TELLER MACHINES:
MONTHLY ATM FEES
Back-end Processing Fee
Gateways (2)
ATM TRANSACTIONS (1)
Inbound ATM Transactions (1 - 1,500)
ADDITIONAL SERVICES:
DISASTER RECOVERY
Disaster Recovery and Third Party Review
DISTRIBUTED PROCESSING SERVICES
File Transfers (1 - 3)
MULTIPLE REPORT RUNS
Reports Generated (1 - 4)
FORMS CHARGES (2)
NOW Statement Forms
Service Charge Debit Memos
Combined Statement Forms
Dividend/Interest Checks
Xxxx & Receipts
Late Notice Forms
Adjustable Loan Notification Forms
MICROFICHE CHARGES
Original Fiche
Copies
DELIVERY CHARGES (3)
NOTE: (1) ATM transaction fee will be billed at $0.1326 for transactions
over 1,500.
(2) Customized forms, year-end forms and mailing cost are not included
in the per account charges.
(3) Only for weekly loan coupon tape delivered to vendor. Client-
requested services will be charged at cost plus 20%.
Page 3
ATTACHMENT 2
SCHEDULE A
REVISED AS OF JUNE 21, 1996
Est. Mthly Est. Mthly
Volume Price Fee
SERVICES NOT INCLUDED IN BASE CHARGE:
TELECOMMUNICATION:
TERMINAL CONNECT FEE *
Non-Bisync Input/Output Devices 50 @ 10.10 505.00
Total Terminal Connect Fees 505.00
NON-BISYNC LINES
Drop in Zone 1 1 @ 191.00 191.00
Drops in Zone 6 5 @ 470.00 2,350.00
Drop in Zone 7 1 @ 646.00 646.00
Total Zone Charges 3,187.00
TERMINAL CONTROLLER SUPPORT *
Terminal Controllers 6 @ 35.00 210.00
TELECOM EQUIPMENT LEASE/MAINTENANCE
Codex Equip, Panorama City - X# 000000 171.65
TOTAL ESTIMATED TELECOMMUNICATION FEES 4,073.65
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TOTAL ESTIMATED SERVICES $12,409.70
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OTHER ADDITIONAL SERVICES:
AD HOC REPORT WRITER
User Maintenance Fees (Over 1) @ 136.00
Ad Hoc Reports (Over 5) @ 40.00
JOB REQUEST HANDLING FEE
Per Job Request @ 75.00
PROFESSIONAL SERVICES BID
Per Hour @ 100.00
* NOTE: Fee Discounted.
Page 4
