|Premier Commercial Bank Selects Goldleaf|
Comprehensive Web package helps bank offer full-service site, enhances sales and expands geographic footprint
Premier Commercial Bank Selects Goldleaf’s Web Solutions
Atlanta, Oct. 7, 2008 – Goldleaf Financial Solutions Inc. (NASDAQ:GFSI), a provider of integrated technology-based solutions designed to improve the performance of financial institutions, today announced that Premier Commercial
Bank (PCB) has selected the company for Web design and hosting, including compliance and security functionality.
Anaheim, Cailf.-based PCB is an independent community bank engaged in a full range of banking services for small- to medium-size businesses, professionals, entrepreneurs and hospital industry clients in the Orange County area. The $390 million bank selected Goldleaf’s Web services to help promote its new offerings, such as Premier Express Deposit TM (remote capture deposit), as well as to enhance customer service through added convenience and functionality online.
Since implementing the new Web site in the fourth quarter of 2007, PCB has received three to four online loan inquiries per month and five to seven online inquiries about its new remote deposit capture service.About 37 percent of PCB’s customers currently bank online, and the bank has been adding 10 to 15 new online banking customers every month this year.
“We wanted a way to implement a full-service virtual bank that would continue to grow and expand our business, and Goldleaf provided that and more,” president and COO, Ash Patel, said. “We now have a fully-functional site without geographic barriers that better caters to our customers. This further demonstrates PCB’s commitment to an unparalleled caliber of service for our customers.”
PCB is also leveraging Goldleaf’s distinct security features, including full site secure sockets layer (SSL) encryption and the company’s Pharming Shield solution. The solution has an automated system that archives changes to Web site content and images that will be tracked throughout the life cycle of PCB’s relationship, ensuring compliance with Regulation DD in the Truth and Savings Act.
“Goldleaf’s Web solutions ensure that banks can branch out through the Internet, which is especially important to maintain a competitive stance in today’s dynamic market,” Lynn Boggs, CEO of Goldleaf, said. “PCB is an emergent bank that can leverage all of its offerings on Web for additional exposure and stronger market share. Combining optimal functionality with security and compliance positions the bank for great success.”
About Premier Commercial Bank
Premier Commercial Bank is a wholly owned subsidiary of Premier Commercial Bancorp (OTCBB:PCBP.OB). The full-service bank specializes in small- to medium-size businesses, professionals, entrepreneurs and hospitality industry clients. Launched in November 2001, Premier Commercial Bank is the only independent bank with headquarters in Anaheim. For more information, call 714.978.2400 or visit the Web site at www.pcboc.com.
Goldleaf Financial Solutions, Inc., offers a strategic suite of integrated technology and payment processing solutions to financial institutions. Goldleaf’s products and services enable financial institutions to succeed in today’s competitive market, solidify their trusted financial relationships, expand their presence and improve profitability through the efficient use of technology. Goldleaf works with clients across six continents. For more information about Goldleaf and its set of solutions, please visit the company at www.goldleaf.com.
Safe Harbor Statement
Certain statements made in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which the Company is unable to predict or control, that may cause the Company's actual results or performance to materially differ from any future results or performance expressed or implied by such forward-looking statements. These statements involve risks and uncertainties, including, without limitation, risks and uncertainties associated with the ability of the Company’s suite of products and services to enhance the competitiveness of its clients. These and other risks and uncertainties the company faces are detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company cautions investors that any forward-looking statements made by the Company are not necessarily indicative of future performance. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.
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