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Viewpointe Archive Services LLC
BB&T Corp Optimizes Resources by Outsourcing Archive to Viewpointe
NEW YORK, Oct. 22, 2008 (GLOBE NEWSWIRE) -- Viewpointe(r), a leading provider of check image exchange and archive services to financial institutions, today released research exploring the decision-making processes associated with outsourcing check image archives. This industry whitepaper entitled "In-House or Outsourced Image Archive Services: Plotting Position and Course" was developed with the independent research firm Financial Insights. In conjunction with the whitepaper,
PremierWest Bancorp Announces Third Quarter Earnings of $1.3 Million
MEDFORD, Ore., Oct. 22, 2008 (GLOBE NEWSWIRE) -- PremierWest Bancorp (Nasdaq:PRWT) announced net income of $1.3 million for the quarter ended September 30, 2008. Earnings per share on a fully diluted basis were $0.05. Earnings for the nine months ended September 30, 2008 were $3.7 million or $0.16 per fully diluted share. Chief Executive Officer, John Anhorn, stated, "The current state of the financial markets reflects lending practices that have evolved over the past few years. We, as an institution, have strived to stay above much of the turmoil by following our 'stick-to-the-fundamentals' approach to banking. We did not make subprime loans, and we did not invest in Fannie Mae or Freddie Mac preferred stock. Our approach has succeeded, in part, as evidenced by our ability to strengthen our loan loss reserves and continue to produce quarterly profits. Nevertheless, the downturn in real estate markets has affected several of our borrowing relationships. We are working hard to accelerate our return to top tier performance levels."