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tellers and bookkeepers on the one hand, and loan officers on the
other, resulting in little mingling between the two groups.
2. Facilities
The operations of Peoples were housed in a two-story
building built in 1964; Peoples had no branches. Peoples'
facilities and equipment were in average condition and considered
adequate for its operations.
When Mark became president, Peoples was for the most part
operating with 1960's technology. Most operations in the bank
were done manually, and there were no information systems to keep
track of customers' credit, payments, or deposits. Peoples did
not have any ATM machines. Peoples had desktop PC's for use by
loan officers and customer service representatives, but only to
print out loan applications, signature cards, and other
operational documents. Under Mark's direction, however, Peoples
had entered into a contract with Old National to provide
electronic data processing (EDP) applications for deposits,
loans, and accounting. Although many of the directors were
hesitant about learning the new technology, they reluctantly
cooperated. During 1991 and 1992, Peoples converted its system
of accounting for its loan portfolio from a manual system to a
computerized system and began having its loans serviced by Old
National; however, on the valuation date, the complete conversion
of Peoples to the Old National EDP applications had not been
completed.
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