UBS, City National Bank, First-Citizens Join the Clearing House

"Since the company streamlined its organizational structure a year ago, the clarity of our business model has made the value proposition of The Clearing House Payments Company and The Clearing House Association even more compelling," said Jeff Neubert, Chief Executive Officer of The Clearing House.

"We are pleased that three more outstanding financial institutions have committed to leveraging the full power and capabilities of The Clearing House."

With UBS, City National and First-Citizens, there are now 22 owners of The Clearing House Payments Company. The business units of The Clearing House are CHIPS, the world's premier, real-time funds transfer system; EPN, the nation's private ACH operator and a leading provider of ACH association services; and SVPCO, the company's electronic check and paper check processing services business, which operates the SVPCO Image Exchange Network.

The owners of The Clearing House Payments Company, which represent 63 percent of deposits at commercial banks in the country, include the following banks or their U.S. banking affiliates: ABN AMRO Bank, Bank of America, The Bank of New York, Bank of Tokyo-Mitsubishi/Union Bank of California, BB&T, Citibank, Citizens Bank, City National Bank, Comerica Bank, Deutsche Bank, First-Citizens Bank & Trust Co., HSBC Bank, JPMorgan Chase Bank, KeyBank, M&T Bank, National City Bank, PNC Bank, SunTrust Bank, UBS, U.S. Bank, Wachovia Bank, and Wells Fargo Bank.