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Date Posted: 05/10/2006
Deluxe and BancorpSouth Announce New Relationship
Check Program Enables Financial Institutions to Strengthen Customer Relationships
ST. PAUL, Minn., May 9 /PRNewswire-FirstCall/ -- Deluxe Financial Services today announced it will become the exclusive provider of checks and related services for BancorpSouth, an $11.9 billion financial holding company based in Tupelo, Miss. BancorpSouth operates approximately 271 branches and 270 ATMs across six states. The agreement reflects a shared dedication to achieving key business objectives of improved customer interactions and increased revenue growth.
"Deluxe is a trusted, valued business partner that shares our commitment to improving customer loyalty while simultaneously achieving revenue growth," said Randy Burchfield, senior vice president & director of marketing for BancorpSouth. "Deluxe's turnkey solutions will assist the bank in allowing us to focus on the overall banking needs of our customers."
As part of the agreement, BancorpSouth will utilize DeluxeSelect(SM) and the Deluxe Business Advantage(SM) program to maximize the efficiency of its retail and business check offerings. By providing an unparalleled selection of checks and check services directly to consumers on behalf of financial institutions, DeluxeSelect streamlines business processes and allows financial institutions to focus on revenue generating activities. The Deluxe Business Advantage program combines Deluxe's proven-successful merchandising strategies with their nationwide sales force to offer small business customers expanded product selection and outstanding customer service.
"Deluxe is an ideal partner for financial institutions looking to increase revenue growth and improve customer loyalty," said Luann Widener, president, Deluxe Financial Services. "Our partnership with BancorpSouth allows us to provide fully managed solutions that deliver quality products through the right customer service channels that help to maximize both consumer and business check programs."
About Deluxe Financial Services
Deluxe Financial Services (Deluxe) is a business unit of Deluxe Corporation (NYSE: DLX - News). Building on the company's history as the leading check printer, Deluxe uses its knowledge and understanding of consumer and business preferences to orchestrate outstanding client experiences for the financial institutions it serves. Deluxe offers a variety of checks and related products to enhance consumer satisfaction, strengthen check program security, increase revenue and improve efficiency. More information about Deluxe is available at http://www.deluxe.com .
About BancorpSouth
BancorpSouth (NYSE: BXS - News) is an $11.9 billion-asset financial holding company. The company operates approximately 271 banking and mortgage locations in Alabama, Arkansas, Louisiana, Mississippi, Tennessee and Texas. In addition to providing traditional banking services, credit cards, mortgages, trust and fiduciary services, the company provides investment services through its subsidiary BancorpSouth Investment Services, Inc. and insurance services through its subsidiary BancorpSouth Insurance Services, Inc. BancorpSouth's common stock is traded on the New York Stock Exchange under the symbol BXS.
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Source: Deluxe Financial Services
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