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Deluxe and BancorpSouth Announce New Relationship

Wednesday, May 10, 2006

Press release from the issuing company

ST. PAUL, Minn., May 9 -- 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."




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