The InterCept Group, Inc. Signs 50th Internet Banking Customer; Peoples Bank & Trust in Troy, Missouri, To Offer On-Line Banking to Customers

Business Wire, July 6, 1999

NORCROSS, Ga.--(BUSINESS WIRE)--July 6, 1999--

The InterCept Group, Inc. (Nasdaq: ICPT), a provider of fully integrated electronic commerce products and services for financial institutions, today announced the signing of their 50th Internet banking customer. Peoples Bank & Trust Company in Troy, Missouri, selected InterCept's Internet banking software product, BancAccess(R), as their on-line banking solution and is expected to begin offering Internet banking services to their customers this fall.

Peoples Bank & Trust has served communities throughout Lincoln County, Missouri, since 1924. With more than 70 years of community banking experience, the bank has grown to $198 million in total assets. Peoples Bank & Trust has five locations with two offices in Troy and one office in Hawk Point, Winfield and O'Fallon, Missouri.

"We are thrilled to be announcing our 50th Internet banking customer and are very pleased that Peoples Bank & Trust Company has chosen InterCept as their on-line banking provider," commented John W. Collins, chairman of the board and chief executive officer of the Intercept Group, Inc. "Beginning in May of 1999, we began a campaign to market our Internet banking product to community financial institutions in targeted areas. We are very pleased with the results of this campaign to date. It is our belief that Internet banking is a product community institutions must have, and we look forward to providing this product to help community financial institutions remain competitive in today's marketplace."

"We are very excited about bringing the convenience and ease of Internet banking to our customers," stated Donald E. Thompson, chairman and chief executive office of Peoples Bank & Trust Company. "The InterCept Group's Internet banking solution had all of the features and benefits we were looking for, and it was competitively priced."

The InterCept Group, Inc. is a financial technology and services company that provides community financial institutions a single source for a variety of services including EFT/ATM processing, debit card programs, core banking software & processing, data communications management, equipment sales & service, and merchant portfolio management. It also offers InterCept Switch, "The Surcharge-Free Network" to member financial institutions wishing to provide surcharge free ATM services to their customers. Each of these products and services helps community financial institutions remain competitive in today's marketplace. Additional information about The InterCept Group can be found on the Internet at www.intercept.net.

This release contains statements which constitute forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or expectations of the Company and its management with respect to, among other things: (i) the anticipated impact of certain events and circumstances; (ii) trends affecting the Company; and (iii) the Company's growth and operating strategy. The words "may," "will," "anticipate," "believe," "intend," "plans," "allows," "strategy" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are not guarantees of future performance and actual results may differ materially from those projected in the forward-looking statements as a result of the Company's brief combined operating history, its ability to obtain and manage growth, risks related to acquisitions and the integration of acquired assets and businesses, dependence on new products and services and competition and various other factors discussed in detail in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors" section in InterCept's Registration Statement on Form S-1 (Registration No. 333-47197), as declared effective by the Securities and Exchange Commission on June 9, 1998.