aryland-based Mercantile Funds
(formerly the M.S.D.&T. Funds) has renewed and expanded its outsourcing agreement with Bisys
, according to the administration firm. Under the new agreement, Mercantile will use Bisys' compliance services. Bisys has provided fund accounting and transfer agency services to the $2.6 billion family of funds as part of an outsourcing solution since 1993. Bisys also provides the firm regulatory services and training.
"Bisys has continually demonstrated its commitment to the success and growth of our funds with high quality service, the ongoing expansion and enhancement of its products and services, and its ability to support our unique business requirements with customized solutions," said Cornelia McKenna
, vice president and product manager for Mercantile.
Mercantile Bankshares is headquartered in Baltimore and operates branches in through affiliates in Maryland, Delaware, and Virginia. Its investment and wealth management services are provided through its lead affiliate, Mercantile-Safe Deposit Trust Company.
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