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Bank has been working on revised and new computer software

Community Fed ready for Y2K

TUPELO — Community Federal Bank (NASDAQ: CFTP) has announced that its computer systems are ready for any Year 2000 computer glitches that may result when the new year rolls around.

The bank has been working on revised and new computer software for “mission critical transactions” for more than a year and a half, and “all tests are positive,” according to CEO Jim Ingram.

“We formed a committee to begin working on potential Y2K problems in June 1997. We have working with specialists outside the bank for more than a year,” Ingram said.

Vice president of operations Jack Johnson said the bank’s employees “…believe we are ready today for business on the first day of 2000.”


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