ATLANTA, July 1, 2009 (GLOBE NEWSWIRE) -- Goldleaf Financial Solutions Inc. (Nasdaq:GFSI), a provider of integrated technology-based solutions designed to improve the performance of financial institutions, announced its selection by Treaty Oak Bank to provide Web hosting capabilities and site maintenance. Founded only in 2004, the Austin, Texas-based institution has grown to more than $170 million in deposits.
Treaty Oak operates four full-service branches across the state and serves primarily mid-size businesses, as well as other business professionals and households of moderate to high income and wealth. The bank's surrounding communities recognized early its savvy use of technology and innovative product and service offerings, and Treaty Oak wanted to partner with a sophisticated Web solutions provider that was known for the same level of quality, forward-thinking expertise.
"Many of our current customers brought their business to us because they require a financial institution that offers attentive, personal customer service in addition to the technological conveniences that larger banks provide," said Sheila Bostick Jagger, Treaty Oak Bank SVP. "We knew that a partner capable of combining strong financial and technical knowledge was necessary for Treaty Oak to not only expand its Web presence and online offerings, but to also maintain and attract the customers in our market while steadily building deposits."
Treaty Oak began its initial search for a new Web solution partner because the bank wanted a SAS70 compliant provider that could do a seamless conversion from its existing vendor. Regulatory compliance expertise was a critical component in the selection process, and Goldleaf was able to step in immediately to satisfy these requirements, all with a minimum investment of time and resources from the bank.
"Online presence continues to grow as a determining factor in where individuals take their business, especially in today's environment where efficiency and mobility are top of mind," said Lynn Boggs, CEO of Goldleaf. "A majority of Treaty Oak's customer base previously conducted their business at larger financial institutions, so they have high expectations about the financial products, convenience and service the bank is offering. As a trusted partner, we can help the bank to meet those expectations with a functional, easily navigable and up to date Web site."
About Goldleaf
Goldleaf Financial Solutions, Inc. offers a strategic suite of integrated technology and payment processing solutions to global financial institutions of all sizes. Goldleaf's products and services enable financial institutions to succeed in today's competitive market, solidify their trusted financial relationships, expand their community presence and improve profitability through the efficient use of technology. For more information about Goldleaf and its solutions, please visit the company at www.goldleaf.com.
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