Press Release

WALTHAM , Mass. – May 12, 2008 – Wolters Kluwer Financial Services, through its PCi line of compliance analytics solutions, announced it has helped NBT Bank of Norwich, N.Y, more efficiently comply with Community Reinvestment Act (CRA) and related Home Mortgage Disclosure Act (HMDA) requirements.

The company’s PCi Professional Services team has worked closely with the bank’s compliance staff to assist it in strengthening and expanding its CRA and HMDA compliance program. They also helped institute the compliance program across all of the bank’s operational areas and within management. Now all of NBT Bank’s employees are working together so the bank can more proactively manage its CRA and HMDA obligations organization-wide.

As part of this effort, the PCi Professional Services team also helped the bank maximize the use of its existing CRA software tool, CRA Wiz® from Wolters Kluwer Financial Services, which reduced the amount of time the bank’s compliance professionals needed to spend analyzing data and results. The team provided the bank’s compliance staff with on-site training on how to optimize HMDA data collection and reporting efforts with CRA Wiz. Using CRA Wiz, the bank’s compliance staff learned how to create customized, information-packed HMDA data reports for management and regulators that are concise and easy-to-understand. Besides summarizing the HMDA data, the reports inform management and regulators of how the data was validated and details the processes and procedures used to do so.

“We were already in full compliance with our CRA and HMDA obligations but we knew there was a better, less painful way to go about it,” said Patrick Gleason, vice president and director of NBT Bank’s Compliance Risk Management Division. “The PCi Professional Services team helped us spend less time on managing these obligations through our enhanced CRA and HMDA compliance program and the use of CRA Wiz. And now we’re spending more time serving our borrowers and boosting revenue.”

“Many compliance solutions providers simply throw technology at a bank’s problems,” said Kurt Sames, vice president and general manager, Consumer Compliance, Wolters Kluwer Financial Services. “But at Wolters Kluwer Financial Services, we know it takes more than that to help our customers overcome their biggest regulatory compliance challenges. Through our professional consulting services, we’re able to bring our experts with years, and often decades, of compliance experience on-site and help our customers determine the right processes and procedures that have to drive the technology.”

For more information on Wolters Kluwer Financial Services’ PCi line of compliance analytics solutions and services, please visit www.pciwiz.com

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services®, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS INsource®, AuthenticWeb™, Uniform Forms™, and CCH® Wall Street.

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and workflow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.wolterskluwer.com for information about our market positions, customers, brands, and organization.