Fifth Third Processing Solutions Signs Three Financial Institutions
CINCINNATI, Jan. 24, 2011 /PRNewswire/ -- Fifth Third Processing Solutions is pleased to announce the following three southwestern financial institutions have signed contracts for electronic transaction processing services including debit card services, ATM driving, fraud protection, card production and other value added services.
Known for their 'friendly hometown spirit,' First New Mexico Bank opened in Deming, New Mexico in 1962. Two other separately chartered First New Mexico Banks located in Silver City, New Mexico and Las Cruces, New Mexico round out the First New Mexico Bank family, who will all be processing clients of Fifth Third Processing Solutions. Collectively their assets total more than $322 million and they operate six locations including 13 ATMs. www.firstnewmexicobank.com
Valley Bank of Commerce located in Roswell, New Mexico, opened in 1978 and was established to serve the financial needs of the community, its businesses, and its citizens. The bank attributes its success to their satisfied customers, and remains a locally owned and operated bank with the primary mission to serve the banking needs of the community and remain fully independent. With more than $1 million in assets, the bank has three locations and two ATM's. www.valleybankofcommerce.com
First State Bank headquartered in Mesquite, Texas was first chartered by the State of Texas as Mesquite State Bank in July 1962. Later that year, the Bank welcomed its first customers from an old lumberyard building beside the railroad tracks just off the town square. The following year, the Bank moved to its current headquarters and today with more than $231 million in assets; the Bank operates three locations and four ATMs. A vital community resource for financial services, First State remains locally owned and operated. www.firststatebank.com
"We are delighted about being chosen to provide our leading edge processing solutions to these financial institutions," said Royal Cole, President, Financial Institutions Services at Fifth Third Processing Solutions. "In an economy where businesses are striving to increase their market share and further differentiate their products and services from their market competitors, we are confident that Fifth Third Processing Solutions delivers the essential technology to our clients backed by our team's industry expertise and our company's far reaching resources."
Fifth Third Processing Solutions, LLC delivers innovative payment transaction processing and acceptance solutions to create and support complex payment strategies for merchants, businesses, and financial institutions around the world. A pioneer in card payment acceptance in the early 1970s, Fifth Third Processing Solutions is headquartered in Cincinnati, Ohio and is a joint venture with Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB)
As a premier full service payment solutions provider, the Company provides servicing solutions and product engineering for financial institutions' and retailers' credit card, debit card, merchant and private label programs processing over 29.4 billion ATM and point of sale transactions and over $381 billion in debit and credit card sales volume annually. Its subsidiary, NPC is the largest provider of payment processing services exclusively focused on the small-to-medium merchant processing market. The Company supports over 186,000 merchant and financial institution locations and 11,000 ATMs in 44 states and 11 countries. According to the Nilson Report (March 2010), the Company is the third largest U.S. merchant transaction acquirer. Learn more at www.FTPSLLC.com.
CONTACT:
Lynn M. Rhoads, Senior Vice President Communications Director
513.534.7742
SOURCE Fifth Third Processing Solutions
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