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01/25/2012CSI Grows Relationships in Virginia with The Blue Grass Valley BankBank to Utilize CSI’s Core Processing and Internet Banking SolutionsPaducah, Ky., January 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 inBlueGrassValley andMonterey,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’sMobile 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 theVirginiabanking 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.
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