Brasfield Companies Announce Record Growth

Birmingham, AL (May 5, 2005) Brasfield Data Services, LLC a provider of outsourced core processing to community financial institutions, and Image Centre LLC, a provider of outsourced check imaging services to community financial institutions, today announced record growth in the past 12 months as the Brasfield Technology, LLC affiliates have signed 46 new contracts with community banks for core processing or check imaging services.

Brasfield’s new customers are located throughout Alabama, Florida, Georgia, Mississippi, Louisiana and Texas. Fourteen of the contracts signed are with de novo institutions that have recently opened or plan to open by 2006.

De novo banks signed that are currently open include Flint River National Bank, Camilla, GA and Freedom Bank of America, St. Petersburg, FL. De novo banks scheduled to open by the end of 2005 include Partners Bank (I/O), Naples, FL; GulfSouth Private Bank (I/O), Destin, FL; Trinity Bank (I/O), Dothan, AL; Noble Bank & Trust (I/O), Anniston, AL; and SouthPoint Bank (I/O) Birmingham, AL.

"We are very pleased by the amount of growth we have experienced in the past year, particularly with de novos," said David Brasfield, president and CEO of Brasfield Technology. "When a new bank signs with us they are not signing for just one product, but for the whole suite of services that we have to offer."

"In all of our decisions on business partners, our highest priority is honesty and integrity because those are the values system that we have created for ourselves in SouthPoint Bank," said Steve Smith, president and CEO of SouthPoint Bank (I/O). "We found that in the team at Brasfield. We really do not think there is a big difference in technology providers and as in our business [banking] it is about the people not the products, so we chose Brasfield, as we hope people will choose SouthPoint for the same reasons, once we are open for business," he said.

Paul Bell, president and CEO of Trinity Bank (I/O) with plans to open in late summer or early fall 2005 echoed Smith’s sentiments. "Trinity Bank chose to partner with Brasfield because of the quality people we encountered there. Brasfield's products and services are impressive but the commitment to customer service from the people behind those products and services impresses us the most."

Brasfield added, “I think that de novos and established institutions alike find Brasfield to be an attractive solution because of the excellent team we have assembled and the extras that we bring to the table such as continuing education and complimentary marketing services."

Brasfield recently placed #3 on the Birmingham Business Journal’s list of fastest growing companies in Birmingham, AL.

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