CenterState Bank Expands Lockbox Processing Relationship with CheckAlt

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CheckAlt’s Innovative White Label Payment and Processing Solutions Help Banks Win More Business

CheckAlt today announced it will be providing expanded lockbox services to CenterState Bank, a $3.9 billion asset commercial bank with 58 banking centers and four loan production offices located throughout 20 central and south Florida counties.

“We are proud of our partnership with CenterState Bank and know with this expanded capability they will not only be able to more efficiently service existing customers but attract new high-value commercial customers as well,” said Shai Stern, co-chairman and CEO of CheckAlt. “Offering a payment solution like CheckAlt’s traditional paper, or electronic lockbox allows institutions to position and serve as the trusted transaction partner for their high-value small business and commercial customers. This contributes to greater relationship profitability and retention.”

CheckAlt operates two lockbox remittance centers in Florida and one in Georgia and processes more than 400,000 transactions per month for its clients.

About CenterState Bank
Headquartered in Winter Haven, Florida, between Orlando and Tampa, CenterState provides a range of consumer and commercial banking services, including trust services. These services are provided to individuals, businesses and industries throughout Central, Southeastern and Northeastern Florida. The Company, through its Correspondent Division, also provides research; an automated SBA platform called SmartBiz; clearing/cash management; fixed income; loan sales services; hedging; foreign exchange; fed funds purchased products; safekeeping; proprietary bond accounting; asset/liability; strategic planning and consulting services to financial institutions located throughout the United States.

About CheckAlt
CheckAlt is a leading provider of Check 21 application & processing solutions such as eChecks, Remote Deposit Capture (RDC), Mobile Payments, Lockbox and Item Processing. We help financial institutions improve processing efficiency, lower expenses and mitigate risk from all capture points. Our innovative white label payment solutions help financial institutions attract and maintain high-value commercial and small business customer relationships. We help all types of merchants who need an economical and more efficient way to get paid. Visit http://www.checkalt.com for more information.

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TL Brown
CheckAlt
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