TriNovus to Acquire eBank Systems

Birmingham, AL, USA - 13 May 2011

TriNovus, LLC, a company focused on delivering relevant technology solutions to the financial marketplace, announced today that it will be acquiring eBank Systems, LLC, a Lubbock, Texas-based solutions provider specializing in delivering complete turnkey core processing systems to community banks. Combined the companies provide products and services to over 300 institutions throughout 36 states.

The company will retain existing data center operations in Lubbock, Texas and will add an additional processing center in Birmingham, Ala. Sales and marketing for the company will be headquartered in Birmingham, Ala. as well.

TriNovus founder and CEO David Brasfield has over 25 years experience providing core processing solutions to community financial institutions, having previously founded SBS Corporation, SBS Data Services and Brasfield Technology. Brasfield said that eBank Systems was an attractive fit for TriNovus because it offered a solid core technology platform with an experienced and competent support staff that would help to expand the scope of the current technology solutions that TriNovus offers.

“Now that we have a data processing center and the associated Trinisys core software, we can expand the scope of our offering to financial institutions,” said Brasfield. “We are able to go to banks with a complete, competitively-priced solution combined with a commitment to personalized customer service and support that they expect,” he said.

Tripp Boren, president of eBank Systems said the merger with TriNovus was a great fit for the current eBank culture and customer base. “We believe that in TriNovus we have found a partner with the same philosophy and ideology as ours, with an experienced, trustworthy management team who values customer service above all else,” he said. “In addition TriNovus has a strong compliance arm that will be instrumental in acquiring future new business.”

TriNovus’ acquisition of eBank will provide additional capital to the organization and will facilitate the enhancement of current technology and the development of new technologies.

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