FundsXpress and First Security Bancorp Announce Multi-Year Renewal and Expansion of Business Partnership

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FundsXpress Financial Network, Inc., the premier provider of online financial services, today announced a multi-year extension and expansion of their successful business partnership with First Security Bancorp, a $2.0 billion financial services holding company based in Searcy, Arkansas. Bancorp’s flagship bank, First Security Bank, offers Internet banking services to customers throughout Arkansas at 53 locations.

FundsXpress will continue providing First Security Bancorp with innovative online retail and commercial banking services, including the fx eBanking platform and the fxBusiness Banking platform. Under the terms of the expanded agreement, real time and electronic statements for retail and commercial customers, as well as Positive Pay for commercial users will be added. First Security Bancorp will also benefit from the fxSecurity suite with fxDual Authentication, a new comprehensive solution of anti-fraud and risk analysis tools. The agreement will continue the partnership through 2009.

“First Security has continued to experience phenomenal growth since joining forces with FundsXpress in 1999,” said Scott Brady, marketing director, First Security Bank. “In fact, we’ve seen close to a 60 percent increase in Internet banking users in just the past two years. We are proud to offer our customers a user friendly, reliable, and secure Internet banking solution that helps make their lives a little easier. We want our customers to have the best products on the market, and we feel FundsXpress provides the best.”

First Security recently moved to Free Bill Pay as of May 1, 2006, a transition Brady said was a result of aggressive FundsXpress bill pay adoption programs.

“We are excited to continue providing our best-in-class banking solutions to First Security Bank. Our first-to-market products will help First Security continue to grow, while offering the newest and most innovative services to their customers,” said Greg Constantine, FundsXpress executive vice president. “The renewal of our partnership confirms First Security’s trust in the quality of our banking solutions and our dedicated support team.”

FundsXpress is the endorsed provider of the Arkansas Community Banker’s Association, offering secure Internet Banking to more than 30 financial institutions in the state.

Media Contacts:                         

Jennifer Britton-Turnbow                

FundsXpress Financial Network                

512.493.2851

cell 512.825.2868    

Scott Brady

First Security Bank

501.279.3484

About FundsXpress Financial Network, Inc.

FundsXpress is a premier provider of Internet-based financial services and products for banks and credit unions nationwide. Through a state-of-the-art data center, the company delivers a secure, scalable and proven financial product suite. FundsXpress products include retail and commercial Internet banking, cash management, automated lending, and dynamic Web sites. FundsXpress clients benefit from the company’s value-added compliance support, customer service and leading adoption rates. For more information, please visit the company at http://www.fundsxpress.com.

About First Security Bank

With over $1.3 billion in assets, First Security Bank has consistently ranked among the strongest and safest banks in Arkansas. Located in Searcy, Arkansas, FSB is the flagship bank of First Security Bancorp, a $2.0 billion financial services holding company, and services 53 locations in Arkansas.

http://firstsecuritybank.org
http://fsbancorp.com

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Jennifer Britton-Turnbow
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