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Gary Raddon, Founder of Raddon Financial Group Passes Away
Industry Visionary, Mentor and Friend Leaves Legacy

Lombard, Ill., July 31, 2008 Raddon Financial Group (RFG), a strategic business unit of Open Solutions Inc., announced that Gerald (Gary) Hollis Raddon, RFG’s founder, passed away on Tuesday, July 29th, 2008 at the age of 72.   

Gary formed Raddon Financial Group (RFG), a strategic research and consulting firm, in 1982. In this role, he became a well-known industry expert and speaker. He served on the faculties of several state banking schools and authored a book, “Developing New Financial Products.”  RFG was acquired by Open Solutions Inc. in 2006.

Gary’s reach was vast and his impact was profound.   Through countless presentations to financial institutions over the past 30 years, Gary inspired, counseled and led an industry of banking executives to greater levels of performance.

Through RFG, Gary created an organization which embodies his core values and reflects his personal character.  He treated his employees as family and considered clients his friends. 

“We are deeply saddened by Gary’s passing.  He was an inspiration, mentor and friend to us all.  Gary’s integrity, pursuit of knowledge and dedication to client service guide us still today.  With an uncommon ability to bring out the best in people, he created an organization which delivers value and solutions in a fashion befitting his name” said Bob Dye, RFG’s general manager and chief operations officer.

Gary Raddon was a man of great intelligence, integrity and leadership. He had great influence on the lives of many, both professionally and personally.  Gary and his wonderful legacy remain alive in all who knew him.   

            “We are all deeply saddened by the loss of Gary Raddon, a true industry visionary,” said Louis Hernandez, Jr., chairman and CEO of Open Solutions. “Gary set a great example and he was admired by all those who knew him.  Gary will be missed and on behalf of Open Solutions, our deepest condolences, thoughts and prayers go out to his entire family.” 

Details regarding funeral arrangements are available at the following Web site:  http://www.caringbridge.org/visit/garyraddon 

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Raddon Financial Group is a business unit of Open Solutions Inc.