Heartland Payment Systems and Superior Bancorp Align to Offer Customers Expanded Services
Company Release - 06/12/2008 16:00
PRINCETON, N.J.--(BUSINESS WIRE)--Heartland Payment Systems(TM) (NYSE:HPY), a leading provider of credit/debit/prepaid card processing, payroll, check management and payments services, and Superior Bancorp (Superior) (NASDAQ:SUPR) are partnering to offer businesses in Alabama and the Florida panhandle the benefit of their combined services. Superior Bancorp is a $3 billion financial holding company headquartered in Birmingham, AL.
The strategic partnership and joint business development agreement provides expanded services to business customers of both companies. Now, clients can benefit from Heartland's leading credit/debit/prepaid card processing, payroll, check management and payments solutions as well as Superior's suite of commercial banking tools including DDA accounts, credit and lending, and cash management solutions. The relationship also allows Heartland and Superior to leverage each other's regional customer base for expanded business opportunities. Each company will continue to provide customer support for its respective services.
"Part of Heartland's strategy is to partner with community and regional banks that are the gold standard in their region," said Brad Wilson, director of bank alliances for Heartland. "Superior Bank is well regarded in Alabama and Florida not only for its business banking services and solutions, but for its customer-focused culture as well. This relationship allows the bank to offer its clients the added value of Heartland's effective, cost-efficient and flexible payments processing and payroll systems, while allowing us to offer our customers the banking solutions they need for their businesses."
"Partnerships like this work best when we offer the value-added services our customers need, and we partner with a company that shares our customer-focused culture," said Carol Adams, executive vice president of Superior. "Heartland is renowned for providing one of the most comprehensive suites of services in the business, while ensuring fair pricing and excellent customer service -- ideal for Superior's business banking customers."
Superior operates a total of 75 offices from Huntsville, Alabama to Tampa, Florida. Forty-four branches are located throughout the state of Alabama, and 31 branches are located in Florida's northern Gulf Coast region.
Heartland, a NYSE company trading under the symbol HPY, services more than 250,000 businesses nationwide.
About Heartland Payment Systems
Heartland Payment Systems, Inc., a NYSE company trading under the symbol HPY, delivers credit/debit/prepaid card processing, payroll, check management and payments solutions to more than 250,000 businesses nationwide.
Heartland is the founding supporter of The Merchant Bill of Rights, a public advocacy initiative that educates merchants about fair credit and debit card processing practices. For more information, visit www.HeartlandPaymentSystems.com and www.MerchantBillOfRights.com .
About Superior Bancorp
Superior Bancorp is a $3.0 billion thrift holding company headquartered in Birmingham, Alabama. The principal subsidiary of Superior Bancorp is Superior Bank, a Southeastern community bank. Superior Bank has 75 branches with 44 locations throughout the state of Alabama and 31 locations in Florida. Superior Bank currently has two new branches planned for Alabama during the remainder of 2008 in addition to the 20 that have opened since September 2006.
Superior Bank operates 22 consumer finance offices in North Alabama as 1st Community Credit and Superior Financial Services.
Forward-looking Statements
This press release may contain statements of a forward-looking nature which represent our management's beliefs and assumptions concerning future events. Forward-looking statements involve risks, uncertainties and assumptions and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors. Information concerning these factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to, the Company's registration statement on Form 10- K, or Form 10-Q as applicable. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
Source: Heartland Payment Systems, Inc.
Contact: Heartland Payment Systems, Inc. Nancy Gross 888.798.3131 Ext. 2202 nancy.gross@e-hps.com or Media Contact Gregory FCA Communications Paul Johnson 610.228.2113 Paul@GregoryFCA.com