Business Services Industry

First Virginia Community Bank Launches Comprehensive Suite of Online Business and Consumer Services

Business Wire, Dec 21, 2007

FAIRFAX, Va. -- First Virginia Community Bank, the region's newest bank dedicated to serving the business community and its owners and employees, today announced it has launched an industry-leading online banking and bill payment suite of services designed to meet a full spectrum of business and consumer needs.

The Bank has launched the suite in partnership with Chantilly, Virginia-based Online Resources Corporation, a leading provider of financial technology services to thousands of financial institutions, card issuers and biller companies. Online Resources is recognized for its award-winning technology services, a superior customer experience, and the highest electronic payments rate in the industry. Through the partnership, First Virginia Community Bank's customers are ensured the most innovative, high quality online services available.

Online business services include banking, bill payment, cash management, QuickBooks, and ACH origination. Retail services include banking, bill payment, eStatements, Quicken, personal financial management and online gift card purchasing. Both the business and consumer offerings include same-day payments, a unique service that enables customers to make last minute payments. This expedited payments offering, as well as multi-factor and reverse authentication, 24x7 customer care, and marketing services are also provided through the partnership.

"We are very pleased to provide our customers state of the art technology that we believe will surpass their expectations for their business and personal banking practices," said David Pijor, Chairman and Chief Executive Officer for First Virginia Community Bank. "Beyond traditional means, making these tools available online is a critical step toward our goal of helping our customers achieve their financial dreams."

"First Virginia Community Bank's strategy to blend their top notch banking experience with state of the art technology will position them very well in a highly competitive market," said Ronald J. Bergamesca, Executive Vice President and General Manager of Community Banking Services at Online Resources. "We look forward to a highly successful partnership with First Virginia Community Bank."

About First Virginia Community Bank

First Virginia Community Bank is a Fairfax, Virginia headquartered state chartered bank that opened for business in early December 2007. First Virginia Community Bank's main office is located at 11325 Random Hills Road, Fairfax, Virginia 22030. The Bank raised $23 million in capital earlier in 2007 and completed one of the fastest new bank openings in just 11 months. The Bank is dedicated to serving the Northern Virginia business community, its owners and employees. For more information, visit www.firstvirginiacommunitybank.com.

About Online Resources

Online Resources powers financial technology services for thousands of financial institutions, billers and credit service providers. Its proprietary suite of account presentation and payment services are branded to its clients, and augmented by marketing services to drive consumer and business end-user adoption. The Company serves over 10 million end-users and processes $100 billion in bill payments annually. Founded in 1989, Online Resources (www.orcc.com) is recognized as one of the nation's fastest growing companies.

COPYRIGHT 2007 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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