TMCnet News
First State Bank of Waynoka, Oklahoma Returns to McCoy MyersAMARILLO, Texas, Aug. 15 /PRNewswire-FirstCall/ -- McCoy Myers and Associates (OTC Pink Sheets: CSVI), a wholly owned subsidiary of Computer Services, Inc. (CSI), is pleased to announce that First State Bank of Waynoka, Okla., has chosen to return to the company for its data processing needs. First State, with nearly $34 million in assets, was previously a customer of McCoy Myers from 1981 to 1989. First State is making two significant changes by returning to McCoy Myers. First, they will be processed in a service bureau environment rather than in- house. Second, they will be returning to people and service they know and trust. First State will take advantage of McCoy Myers' telecommunications infrastructure and remote bank image capture solutions through McCoy Myers' Amarillo data center. McCoy Myers' Vice President of Sales Bill Maxwell stated that a number of factors affected the bank's decision. "Audit requirements, finding qualified personnel and the cost of compliance for in-house banks like First State put a strain on management and financials," said Maxwell. "In addition, with remote bank image capture, the bank will have the ability to transmit items throughout the day to us for electronic clearing. Because image capture uses inexpensive hardware instead of the traditional proof equipment, First State will now have a new, much more convenient and economic solution." Mick George, President of First State Bank, expounded on the decision. "Doing business with a strong company like McCoy Myers and its parent CSI, and the people we have known for years, made our decision an easy one once we decided to go to data center processing." About McCoy Myers & Associates McCoy Myers & Associates is a subsidiary of Computer Services, Inc., a $125 million financial services company based in Paducah, Ky. CSI financial reports are available at http://www.otcqx.com/ and http://www.csiweb.com/. McCoy Myers and Associates was founded in 1980 and currently serves 150 community banks in Kansas, New Mexico, Oklahoma, and Texas. The Company's Meridian Banking System is designed for community banks and is offered as an in-house application or through a service bureau arrangement. Approximately 60% of McCoy Myers bank customers utilize the in-house Meridian Banking System product. The Independent Bankers Association of Texas has presented its Five- Star award to McCoy Myers for six consecutive years. The Five-Star award is presented to "the company that routinely provides not just excellent service, but also innovative solutions that help their banks grow faster, enhance profits and gain efficiency." For more information about McCoy Myers visit http://www.mccoymyers.com/. About Computer Services, Inc. Computer Services, Inc. (CSI), provides service and software solutions for banks in both a service bureau and an in-house environment. In addition to core processing, our integrated banking solutions include imaging, cash management, Internet banking, corporate intranets, secure Web hosting, e- messaging, teller and platform services, ATM and debit card service and support, payments solutions, risk assessment, network management, and compliance software and services for regulatory compliance, homeland security and fraud prevention. Over 3,000 financial institutions are served with CSI's products and services. Financial reports are available at http://www.otcqx.com/. For more information about CSI visit http://www.csiweb.com/. McCoy Myers and Associates CONTACT: Bill Maxwell, Vice President of Sales of McCoy Myers &Associates, +1-806-545-7261, [email protected] Web site: http://www.csiweb.com/http://www.otcqx.com/ |