Palmetto Bancshares Inc. : The Palmetto Bank Rolls Out Leading Edge Technology
10/18/2012| 09:32am US/Eastern
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amiles@palmettobank.com
The Palmetto Bank
Rolls Out Leading Edge Technology
Continues History of Innovation to Meet Client Demands
GREENVILLE, S.C. - The Palmetto Bank (the "Bank"), a
wholly-owned subsidiary of Palmetto Bancshares, Inc. (NASDAQ:
PLMT), announced today the launch of its new mobile banking
application. With a simple tap on a smart phone or click of a
button, clients can choose to bank with The Palmetto Bank
wherever they want, whenever they want.
"We understand that clients are more sophisticated and busier
than ever, which is why we are making it easy for them to
bank on their terms," said Samuel L. Erwin, President and
Chief Executive Officer. "Our clients trust us with their
money, and they want the ability to manage their money where
they want, when they want, and how they want. Whether through
our twenty five branches, twenty eight ATM machines, online
banking, or mobile banking, we provide the convenience they
demand."
With the mobile banking app, available for
iPhone®, AndroidTM, and
BlackBerry®, clients using their smart phone
have the ability to check available balances and transaction
history, view recent transactions, transfer funds between
accounts, pay bills, find the nearest branch or ATM, or
contact our automated voice response service or speak to a
Telephone Banker. SMS text messaging for certain banking
transactions is also available for clients who don't have a
smart phone.
The launch of the mobile banking app is the most recent
technology enhancement implemented by The Palmetto Bank this
year. Other enhancements for consumers include upgraded
online banking and automatic telephone voice response
service, and enhanced deposit and trust statements with the
ability to opt-in to e-statements. For businesses, the bank
also implemented enhanced remote deposit capture and wire
transfer services, as well as a dedicated eTreasury call
center for client service. ATM upgrades to accept deposits
are scheduled for later this year as well as a more
functional and interactive website planned for
2013.
"All of these technology initiatives are part of our overall
strategy to enhance the client experience," continued Erwin.
"In addition to improving electronic delivery of our banking
services this year, we have also introduced expanded products
and services such as our Small Business Administration
lending, Corporate Banking and e-Treasury services. We have
been providing innovative banking services to our clients for
106 years, and we are excited to continue adapting to meet
evolving consumer and business needs in this very challenging
economic environment."
306 East North Street, Greenville, South Carolina 29601
www.palmettobank.com Phone: (864)255-7960 Fax:
(864)255-7990
About The Palmetto Bank
Headquartered in Greenville, South Carolina, The Palmetto
Bank is a 106-year old independent state-chartered commercial
bank and is the fourth largest banking institution
headquartered in South Carolina. The Palmetto Bank has assets
of $1.1 billion and serves the Upstate through 25 branch
locations in the nine counties of Abbeville, Anderson,
Cherokee, Greenville, Greenwood, Laurens, Oconee, Pickens,
and Spartanburg. The Bank specializes in providing
personalized community banking services to individuals and
small to mid-size businesses including Retail Banking
(including Mortgage, Credit Cards and Indirect Auto),
Commercial Banking (including Small Business Administration
loans, Business Banking, Corporate Banking, Treasury
Management and Merchant Services), and Wealth Management
(including Trust, Investments, Financial Planning, and
Insurance). Additional information may be found at the
Company's web site at www.palmettobank.com
or Facebook.
306 East North Street, Greenville, South Carolina 29601
www.palmettobank.com Phone: (864)255-7960 Fax:
(864)255-7990
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