Elan Financial Services Forms Partnership with Pacific Coast Bankers Bank

Business Wire, May 19, 2005

ST. PAUL, Minn. -- Elan Financial Services has entered into an agreement with Pacific Coast Bankers' Bank to provide ATM, debit, prepaid card and merchant processing services to the bank's financial institution clients.

"The partnership between Elan and Pacific Coast Bankers' Bank will enable their clients to align with a preeminent transaction processing provider that understands and focuses on the needs of financial institutions and their customers," said Jan Estep, business manager of Elan Financial Services. "Elan can assist these banks with their goal of attracting, growing and retaining their profitable consumer and business customer base."

Elan will provide a full suite of ATM, debit card and prepaid card processing solutions, along with the administrative, management and support tools necessary for a financial institution to maintain an EFT program. Also available is the Fastbank ATM network and its surcharge-free option Fastbank Free, which has over 3,700 locations in 38 states including multiple locations in the West and Pacific Northwest. The merchant offerings include innovative services such as gift card and electronic check programs, provided through a fully redundant system highly rated for reliability and availability.

"We look forward to presenting our community bank clients with the innovative products provided by Elan," said Tom Evans, president and chief executive officer of Pacific Coast Bankers' Bank. "We strive to make opportunities for growth and success available to our banks and are confident they will be pleased with the capabilities and proficiency of Elan."

Pacific Coast Bankers' Bank (PCBB) was chartered on January 2nd, 1997. Today the bank has over 114 shareholder banks and has relationships with over 70% or 340 of the community banks located in the western United States. PCBB is one of 21 bankers' banks throughout the United States and is the 3rd largest. PCBB is the fastest growing bankers' bank providing correspondent banking services, which contribute to the success and growth of independent community banks.

Elan Financial Services supports more than 7,700 ATMs, 15 million ATM/POS cards, and 2 million credit cardholders with a complete range of products and services including credit card issuing, ATM, debit card, and merchant processing. Elan offers a full range of ATM services to financial institutions and, independent sales organizations including authorization processing, terminal driving and switching services. These are conducted through a wide array of network options with all the necessary card management and support functions creating an easy to manage card program for financial institutions. Elan also provides membership in the Fastbank ATM network, which includes deposit-sharing ATM locations and the surcharge-free option, Fastbank Free.

Likewise, Elan bolsters debit programs for financial institutions by offering their cardholders a payment option that is accepted worldwide, convenient, more flexible than checks and safer than carrying cash. For the financial institution, that means increased revenues, decreased expenses and reliable delivery. Elan provides full-service support and management tools, which are secured with a unique Service Guarantee, to more than 2,900 financial institutions. For more information call 1-800-343-7064 or visit elanfinancialservices.com.