SEATTLE, WA – December 14, 2004 – CapitalStream, a leader in front office automation solutions for commercial finance operations, today announced that North Fork Bank has successfully consolidated business credit origination and decisioning onto a common Web-based solution using CapitalStream’s FinanceCenter. North Fork Bank, a $58 billion multi-bank holding company headquartered in Melville, NY, implemented FinanceCenter, CapitalStream’s front office automation platform to streamline its loan processing services for business lending and improve process flexibility to handle expansion.

North Fork Bank replaced its existing application processing systems by deploying FinanceCenter to automate application entry, credit bureau integrations, decisioning and workflow processing while also deploying straight through processing directly to the back end servicing system. These improvements will provide significantly greater flexibility in the integration of the company’s business processes related to loan and credit processing in its small business lending operations.

“With CapitalStream's front office automation solution, we can take an application, gather all the required information, make a decision, and respond quickly back to the customer,” said Nancy Foster, senior vice president, Small Business Financial Services at North Fork Bank. “Branches have secure and easy access over the Web to application, credit and status information. It’s an important step forward in increasing throughput and improving responsiveness.”

FinanceCenter provides business credit origination and workflow automation in a single solution that delivers real-time, collaborative decisioning, document management and process automation capabilities. CapitalStream’s integrated front office solution automates all business credit processes from application, submittal, and schedule creation to the generation of a credit offering memorandum, automation of the credit approval process, and the uploading of funding/booking information to the servicing system.

"North Fork Bank is among the leading financial institutions investing in technology to streamline business lending operations, increase revenue and improve customer service with more integrated products and services," said Kevin Riegelsberger, CapitalStream’s president and CEO. "CapitalStream’s FinanceCenter solution is designed to automate the various processes and link the various systems to provide a complete, easy-to-use front office platform. In today’s business lending climate, automation and integration is absolutely essential to remain competitive."

North Fork Bank operates 350 branches in the New York metropolitan area. The Bank provides a variety of banking and financial services to middle-market and small business organizations, local government units and retail banking customers in the greater New York metropolitan area. The Company's other subsidiaries offer financial services and related products, such as asset management, securities brokerage and sales of alternative investment products For more information, please visit http://www.northforkbank.com/NorthForkHome.asp.


Established in 1995, CapitalStream provides software and consulting services that enable commercial banks and finance companies to collaborate, integrate and operate more effectively across their front office operations. CapitalStream solutions streamline data gathering, deal structuring, credit analysis, document generation, booking, account monitoring and ongoing risk management to more effectively originate transactions and manage commercial relationships. CapitalStream transforms the paper-based operations of mid market, small business, equipment leasing and commercial real estate groups by reducing costs, risk and processing times to grow their portfolios without increasing headcount. For more information, visit us at http://www.capitalstream.com.

Sandra Sick
Capital Stream, Inc.
206-548-1703
sandras@capitalstream.com