The Bank of New York Selected by Standard Register to Manage their Stock Transfer Services
NEW YORK, August 25, 2005 - The Bank of New York, a global leader in securities servicing, has been selected by Standard Register to provide stock transfer and dividend reinvestment services.
Gary Nazare, managing director and Head of the stock transfer division at The Bank of New York, said, "With one of the most advanced securities processing systems in the industry, The Bank of New York has the professional expertise and flexibility to serve all of our clients’ stock transfer needs. We continue to reinvest in our technology and infrastructure as we work closely with companies like Standard Register to provide their shareholders with unparalleled service."
Based in Dayton, Ohio, Standard Register (NYSE: SR) is an information solutions company, with more than 90 years of helping organizations increase efficiency, reduce costs, enhance security and grow revenue by capturing, managing and using information. Its offerings range from document and label solutions to e-business solutions to consulting and managed services.
The Bank of New York is among the world’s leading transfer agents, providing shareholder services to more than 1,900 U.S. and non-U.S. corporations worldwide. The Bank provides recordkeeping, dividend paying and reinvestment, proxy tabulation, employee investment plan, and corporate reorganization services for corporate issuers of equity securities.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company’s extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.
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