Sterling Savings Bank Chooses Goldleaf for Teller Deposit Automation.Leading Pacific Northwest Commercial Bank Eyes Financial Benefits, Uses Process Improvement to Better Serve Customers ATLANTA -- Goldleaf Financial Solutions, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :GFSI GFSI Global Food Safety Initiative GFSI Gallagher Financial Systems, Inc. ), a provider of integrated technology-based solutions designed to improve the performance of financial institutions, today announced that Sterling Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. - a subsidiary of Sterling Financial Corp. and a leading commercial bank in the Western U.S. - is implementing Goldleaf's Sierra Xpedite([R]) teller deposit automation solution, along with Sierra Xchange([R]) unified payments gateway(TM). The live deposit automation rollout - which spans 170 branches - is part of Sterling's "continuous improvement business strategy" to increase revenue, reduce costs and enhance customer service by truncating paper checks and eliminating paper at the first point of presentment. The complete end-to-end software solution features seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of Goldleaf's patented teller deposit automation functionality with Sterling's S1 FSB (FrontSide Bus) See system bus. FSB - front side bus teller, Open Solution's core processing platform and Orbograph's IQUA and image recognition. "Sterling Savings Bank is one of a growing contingent in the U.S. of financial institutions that grasp the interconnections between process improvement, customer service and the balance sheet," said Brian Geisel, EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition and general manager of Goldleaf's Enterprise Payments Division. "Goldleaf's deposit automation solutions will complement Sterling's growth initiatives by strengthening Sterling's systems integration, driving savings and efficiency into its deposit processes and enabling a new level of enhanced customer service." Kade Peterson, SVP SVP S'il Vous Plaît (French: Please) SVP Senior Vice President SVP Schweizerische Volkspartei (Swiss People~s Party) SVP Society of Vertebrate Paleontology SVP Social Venture Partners SVP St Vincent de Paul and banking support director at Sterling Savings Bank, agrees. "We were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a solution that would improve our customer experience at the branch while meeting our Check 21 objectives of capturing and clearing checks intra-day. This would substantially reduce our IP expenses. Goldleaf provided a platform that deeply integrated with our teller system to accomplish those goals." About Sterling Located in Spokane, WA, Sterling Savings Bank has 170 full-service branches located throughout Washington, Idaho, Oregon, Montana and California. The Washington-state chartered commercial bank, which opened in 1983 as a stock savings and loan association savings and loan association, type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public. The first U.S. savings and loan association was founded in 1831. , has $12 billion in assets and more than 2,700 employees. Sterling Financial Corporation is a bank holding company, of which the principal operating subsidiaries are Sterling Savings Bank and Golf Savings Bank. Sterling Savings Bank is a Washington State-chartered, federally insured commercial bank, which opened in April 1983 as a stock savings and loan association. Sterling Savings Bank, based in Spokane, Washington, has financial service centers throughout Washington, California, Oregon, Idaho and Montana. Through Sterling Savings Bank's wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Action Mortgage Company and INTERVEST-Mortgage Investment Company, it operates loan production offices throughout the western region. Sterling Savings Bank's subsidiary Harbor Financial Services provides non-bank investments, including mutual funds, variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. and tax-deferred annuities and other investment products through regional representatives throughout Sterling Savings Bank's branch network. About Goldleaf Financial Solutions, Inc. Goldleaf Financial Solutions, Inc., offers a strategic suite of integrated technology and payment processing solutions to financial institutions. Goldleaf's products and services enable financial institutions to succeed in today's competitive market, solidify their trusted financial relationships, expand their presence and improve profitability through the efficient use of technology. Goldleaf works with clients throughout the United States, Europe, Asia, the Caribbean and Central America. For more information about Goldleaf and its set of solutions, please visit the company at www.goldleaf.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Certain statements made in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which the company is unable to predict or control, that may cause the company's actual results or performance to materially differ from any future results or performance expressed or implied by such forward-looking statements. These statements involve risks and uncertainties, including, without limitation, risks and uncertainties associated with the company's acquisition of Alogent and the subsequent operations and future performance (financial and otherwise) of the combined entities. These risks and uncertainties are in addition to other factors detailed from time to time in the company's filings with the Securities and Exchange Commission, including the section entitled "Risk Factors" in its annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2006. The company cautions investors that any forward-looking statements made by the company are not necessarily indicative of future performance. The company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services. |
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