- Stephanie Honan 513.534.6957
EVB Signs with Fifth Third Processing Solutions
EVB, a subsidiary of Eastern Virginia Bankshares, has signed a five-year contract with Fifth Third Processing Solutions for electronic fund transfer services, including ATM and debit card processing. EVB has over $800 million in assets and operates 24 banking locations and 22 ATMs. The company is headquartered in Tappahannock, Virginia.
“We are pleased to partner with Fifth Third Processing Solutions and feel that the value-added relationship will bring us, and ultimately our customers, world class processing services and options,” said Joseph H. James, Jr., executive vice president and chief operating officer, EVB.
“Fifth Third Processing Solutions has the tools to build programs that continually evolve to meet the needs of financial institutions like EVB,” said Angela L. Brown, senior vice president and general manager of Financial Institution Services, Fifth Third Processing Solutions. “We are proud to have been chosen as EVB’s strategic business partner and look forward to serving the organization with our flexible, cost-efficient and high performance products and services.”
Fifth Third Processing Solutions processes over 21 billion ATM and POS transactions per year for more than 2,300 financial institutions and over 143,947 retail locations worldwide, including the Armed Forces Financial Network (AFFN), First Niagara Financial Group, Sovereign Bank, The Kroger Co., AutoZone, Abercrombie & Fitch, Nordstrom, Inc. and The Finish Line. Annually, Fifth Third processes $148.1 billion in credit card sales. According to The Nilson Report (March 2007), Fifth Third Bank is the fourth largest bankcard acquirer.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $99.8 billion in assets, operates 18 affiliates with 1,164 full-service Banking Centers, including 109 Bank Mart® locations open seven days a week inside select grocery stores and 2,118 Jeanie® ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania and Missouri. Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2007, has $225 billion in assets under care, of which it managed $34 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded through the NASDAQ® National Global Select Market System under the symbol “FITB.”