HR XCEL, Inc. Announces New Client Partnership with NewDominion Bank

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HR XCEL, Inc., an experienced provider of human resource outsourcing and benefits administration services, has reached a contract agreement with NewDominion Bank (proposed).

HR XCEL, Inc., an experienced provider of human resource outsourcing and benefits administration services, has reached a contract agreement with NewDominion Bank (proposed). HR XCEL will act as the Human Resource department for the bank, providing comprehensive HR services, including employee relations, benefits administration and payroll services.

“We chose HR XCEL due to their customer-centric focus and the high level of expertise they can provide,” said Benjamin M. Guion, COO and CFO of NewDominion Bank. “As a startup company, we need HR guidance but also need to keep our internal costs in check. Our partnership with HR XCEL will allow us to achieve both objectives.”

NewDominion Bank (proposed) intends to serve the commercial banking needs of small and medium-sized businesses in the Charlotte area, including manufacturers, professional service firms and real estate developers. NewDominion plans to invest in experienced people while avoiding an expensive branch network, using the savings to attract depositors with above-market rates on savings products.

“I’m thrilled to welcome NewDominion to the HR XCEL client family,” said Barbara Sheridan, president and co-founder of HR XCEL, Inc. “Our mission is to provide our clients with HR expertise from HR professionals, so they can focus on growing their business. I look forward to watching NewDominion thrive as a result of this strategic business partnership.”

NewDominion expects to offer a full range of lending products and services including secured and unsecured, fixed and variable rate, short and intermediate term commercial loans and lines of credit. The bank also anticipates having a full complement of personal and consumer lending products for its customer base, including mortgage loans, home equity lines and loans for other consumer or investment purposes. For more information, visit http://www.newdominionbank.com.

HR XCEL provides comprehensive human resource outsourcing and benefits administration services for a wide range of clients. Founded by veteran HR professionals, the company continues to actively recruit other HR professionals with years of corporate experience, in order to offer clients a high level of service and knowledge. For more information on HR XCEL, visit http://www.hrxcel.com.

Contact Information:

Jeffrey Mortland

Vice President

704-357-6008

jmortland@hrxcel.com

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.

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Carissa S. Roman
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