In 1965, Paducah, Ky.-based Paducah Bank ($530 million in
assets) first began working with Computer Services, Inc. (CSI)
(OTCQX: CSVI), a leading provider of core banking solutions. For
nearly the past 15 years, however, the bank opted to manage its
core processing business in-house. Today, Paducah Bank has returned
to CSI to form a new and mutually productive partnership. Joe
Framptom, chief executive officer of Paducah Bank, cites CSIs
ability to better handle the complex data processing needs required
of modern banks as the reason for its recent decision. Working with
CSI again is a lot like reconnecting with an old friend, said
Framptom. After more than 30 years as a CSI customer, we decided to
process internally, but in todays complex and demanding data
processing environment, we have reevaluated our needs and
determined that it is in the best long-term interests of our
customers to renew our partnership with CSI. CSIs NuPoint is a
comprehensive core banking suite delivered via service bureau and
supported by solution customization and training. By leveraging
CSIs infrastructure, resources and expertise, the bank eliminates
the investments in hardware and software needed for in-house
systems. This liaison significantly strengthens Paducah Banks
provision of mobile and Internet banking services such as online
banking, SMS text banking, mobile browsing or smartphone
applications. The growth and development of banking technologies
will give our bank new and creative ways of delivering these
services to our customers, Framptom said. CSIs technology
innovators have taken these products to a new level, and we are
excited about the ability to now offer these enhancements to our
community. Several companies provide basic processing services, but
none can do it any better than CSI, a well-respected industry
leader located here in Paducah, said Framptom. Our banks owners,
directors and staff are truly pleased that we can engage a local
company, managed and run by our friends and neighbors, to provide
these vital products and services to us and to our customers. CSI
is ready to write the next chapter in the story of our relationship
with Paducah Bank while providing them with the tools necessary to
offer their customers the most up-to-date banking technologies
available, said Steve Powless, chief executive officer of CSI.
Paducah Bank is an important part of our history, and having them
trust CSI with their banking technology needs brings that history
full circle. About Paducah Bank Paducah Bank is Paducah's only
locally owned bank with 150 employee/owners and six locations
throughout Paducah/McCracken County. Paducah Bank is currently the
top small business lender and the top mortgage lender in
Paducah/McCracken County. In 2007, the bank was named Kentucky's
Best Place to Work among medium-sized companies. In 2008, Paducah
Bank was named one of the Top 15 Small Workplaces in North America
by the Wall Street Journal. The bank is also a leading contributor
to civic and charitable projects including being a founding partner
of the community's award-winning Artist Relocation Program. About
Computer Services, Inc. Computer Services, Inc. (CSI) delivers core
banking, payments processing, Internet, card services, risk
assessment, fraud prevention, network management, managed services,
regulatory compliance and document delivery solutions to financial
institutions and corporate entities across the nation. Technology
planning, personal account management and world-class customer
service explain why CSI is known as one of the nation's premier
providers of technology solutions for the financial services
industry. CSIs stock is traded on OTCQX under the symbol CSVI. For
more information about CSI, visit www.csiweb.com.
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