Bank to utilize CSI’s core processing and internet banking solutions
PADUCAH, Ky. (Jan. 25, 2012) — To enhance its bank core processing and online banking capabilities, The Blue Grass Valley Bank has signed a multi-year contract with Computer Services, Inc. (CSI) (OTCQX: CSVI), a leading full-service bank technology provider, for comprehensive data processing and Internet banking solutions. With locations in Blue Grass Valley and Monterey, Va., the bank marks CSI’s first core processing relationship in the state.
“As new banking technology and channels continue to emerge, we recognized the efficiencies we could gain by transitioning to a service bureau environment and enhancing our online offerings,” said Tony Crane, chief executive officer of The Blue Grass Valley Bank. “Our customers want access to the latest banking services, and CSI’s solutions will help us optimize both our bank’s performance and our customers’ experience.”
The Blue Grass Valley Bank will implement CSI’s NuPoint® solution, a comprehensive, customizable core banking platform that supports numerous fully integrated solutions. By leveraging CSI’s infrastructure, resources and expertise, the bank eliminates hardware and software investments required for in-house systems. CSI’s Mobile and Internet Banking solutions will enable The Blue Grass Valley Bank to deliver online banking services, expanding channel access and customer reach.
“Now more than ever, banks must respond quickly to changing customer demand, which means they need integrated core processing solutions that help them maintain and grow market share,” said Steve Powless, chief executive officer of CSI. “We are excited to partner with The Blue Grass Valley Bank as they seek to enhance the services they deliver to their customers, as well as join the Virginia banking community as a core processing provider.”
The Blue Grass Valley Bank expects to complete its core processing conversion by June and then will begin offering Internet banking services. In addition to CSI’s comprehensive integrated solutions, the bank cited the company’s reputation for service excellence as a key factor in their selection.
About Blue Grass Valley Bank
The Blue Grass Valley Bank provides friendly hometown bank service along with resources large enough to meet today’s banking needs. The bank is committed to meeting the financial needs of the citizens of Highland County, Va., Pendleton County, WV, as well as the surrounding counties, by offering a variety of checking, savings and loan products. For more information, please visit www.bluegrassvalleybank.com.
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, managed services, regulatory compliance and document delivery solutions to financial institutions and corporate entities across the nation. Technology planning, personal account management and world-class customer service explain why CSI is known as one of the nation’s premier providers of technology solutions for the financial services industry. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.
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