U.S. Bank Home   Customer Service   Contact Us   Locations   Careers   About U.S. Bancorp   
U.S. Bank



Related Links
Careers at U.S. Bancorp
Community Relations
Corporate Governance
IR Tool Kit
Print PagePrint Page
E-mail PageE-mail Page
RSS FeedsRSS Feeds
IR ContactsIR Contacts

Printer Friendly Version View printer-friendly version
<< Back
Elavon Acquires Merchant Services Business From Capital City Bank

Exclusive Marketing Agreement Spans 70 Branches, 2,200 Merchants

ATLANTA & TALLAHASSEE, Fla.--(BUSINESS WIRE)--Aug. 8, 2008--Elavon, formerly NOVA Information Systems, a wholly owned subsidiary of U.S. Bancorp (NYSE:USB), has acquired substantially all of the merchant processing portfolio of Capital City Bank, a subsidiary of Capital City Bank Group Inc. (NASDAQ: CCBG), with 70 branches across Florida, Georgia and Alabama. The agreement extends Elavon's robust payment processing solutions to Capital City Bank's existing base of 2,200 merchants and will also service new merchants.

"We are pleased to align Elavon's solutions with Capital City Bank's merchant portfolio," said Stuart C. Harvey, Jr., CEO of Elavon. "Through our referral bank model, we enable financial institutions of all sizes to create operational and financial efficiencies that address both their business needs and those of their clients."

"Our alliance with Elavon delivers true value to our commercial and small business clients," said Ed Canup, Executive Vice President of Commercial Banking. "It allows us to confidently market a variety of secure and flexible payment solutions to merchants, knowing that they are backed by Elavon's powerful processing network and excellent customer service."

While the transition of merchant services to Elavon will not affect Capital City clients' banking relationships, merchants will benefit from robust debit and credit card processing, a choice of point-of-sale devices and software, advanced e-commerce products, gift card solutions, electronic check services, and enhanced reporting.

About Elavon: Elavon's Global Acquiring Solutions organization is a part of U.S. Bancorp (NYSE: USB). Elavon provides end-to-end payment processing services to more than one million merchants in the United States, Europe, Canada and Puerto Rico. Solutions include credit and debit card processing, electronic check services, gift cards, dynamic currency conversion, multi-currency support, and cross-border acquiring. Elavon's services are marketed through multiple alliance partner channels including financial institutions, trade associations and ISOs. Elavon has solutions to meet the needs of merchants in specialized markets including small business, retail, hospitality/T&E, health care, education and the public sector. Elavon represents the former brands of NOVA Information Systems and its affiliates FHMS and euroConex. For more information about Elavon visit www.elavon.com.

About Capital City Bank Group, Inc.

Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest publicly traded financial services companies headquartered in Florida and has approximately $2.7 billion in assets. The Company provides a full range of banking services, including traditional deposit and credit services, asset management, trust, mortgage banking, merchant services, bankcards, data processing and securities brokerage services. The Company's bank subsidiary, Capital City Bank, was founded in 1895 and now has 69 banking offices, one mortgage lending office, and 82 ATMs in Florida, Georgia and Alabama. Since 2005, the Company has been named annually as a dividend Achiever by Mergent, Inc., a leading provider of information on publicly traded companies. To be named a Dividend Achiever, a public company must have increased its regular cash dividends for at least 10 consecutive years. For more information about Capital City Bank Group, Inc., visit www.ccbg.com.

CONTACT: Elavon Media Relations
Holly Lytle, 404-606-0129
Elavon Media Relations
Teri Charest, 612-303-0732
Capital City Bank Group, Inc.
J. Kimbrough Davis, EVP, 850-402-7820

SOURCE: Elavon

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information. U.S. Bancorp does not undertake an obligation, and disclaims any duty, to update any of the information on or available through this site.

This site is supported through the use of Microsoft Internet Explorer Browser, version 6.x or higher. Use of older or other browsers may cause pages to improperly display. We regret any inconvenience that this may cause.

Privacy Pledge   |   © 2010 U.S. Bancorp Site Map   |   Careers