Business Services Industry

First National Bank of Lipan Selects Goldleaf's Net.check Imaging Suite

Business Wire, June 25, 2007

Bank Uses Goldleaf's Imaging Suite to Exchange Images with Federal Reserve Bank

BRENTWOOD, Tenn. -- Goldleaf Financial Solutions, Inc. (NASDAQ:GFSI), a provider of integrated technology-based solutions designed to improve the performance of financial institutions, today announced that Lipan, Texas-based First National Bank of Lipan has selected its Net.check suite of imaging solutions.

The bank, which is currently using Goldleaf's full imaging suite, will take advantage of the Net.check platform to electronically deposit and receive imaged cash letters from the Federal Reserve Bank. According to executive management, the bank chose Goldleaf's solution for its ease of use as well as the potential cost savings.

"Prior to implementing Goldleaf's solution, we were still working with paper checks," said Amber Branson, vice president of First National Bank of Lipan. "In looking to streamline our operational efficiency and compete more effectively, we began looking for an automated solution that would enable the bank to send and receive cashletters from the Federal Reserve Bank. Using Goldleaf, the bank no longer has to spend time sorting physical checks and paper files, saving both time and money. In addition, we are able to focus more attention on better serving the customer, which is our main priority."

"First National Bank of Lipan has always been committed to providing the highest level of customer service," said Sean Pennock, SVP and general manager at Goldleaf. "The Net.check suite provided the opportunity for the bank to continue its focus on the customer, while simultaneously leveraging technology to save time and money by eliminating courier and paper shipping fees. Goldleaf's solution has positioned the bank to take advantage of Check 21 legislation to decrease costs, expand service offerings and better compete with larger institutions."

About First National Bank of Lipan

Founded in 1907, First National Bank of Lipan has been locally and independently owned since its inception. With $14 million in assets, the bank is committed to serving the needs of the community of Lipan, Texas.

About Goldleaf

Goldleaf Financial Solutions, Inc. (GFSI) offers a fully featured strategic product suite that provides core data processing, item processing and check imaging, ACH origination and processing, remote check capture and deposit processing, accounts receivable financing solutions, a teller automation system, turn-key leasing solutions, financial institution website design and hosting and retail inventory management services. Goldleaf believes its full suite of products and services will allow financial institutions and their small- to medium-sized business customers to better compete more effectively in today's aggressive financial services marketplace, grow their trusted financial relationships and provide increased profitability through the efficient use of technology and an expanded community presence. For more information about Goldleaf or its line of products for community financial institutions, please visit the company on the Web at www.goldleaf.com.

COPYRIGHT 2007 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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