MEDIA, Pa. and OLYMPIA, Wash., Aug. 1, 2005 (PRIMEZONE) -- First Keystone Bank (NASD:FKFS) announced today its selection of Enhanced Technology Financial Services, Inc. to provide First Keystone Bank with high speed credit decisioning and loan servicing for its installment consumer loans and home equity lines of credit.
"We look forward to using ET's impressive technology and services to help our customers with their loan needs," said Thomas M. Kelly, President of First Keystone Bank. "We believe that the more value we can bring to our customers, the more of their loyalty we will earn. We look forward to providing more loan services as well as very competitive pricing to our customers, either in our lobbies or by using our website in the comfort of their home or office 24 hours a day, seven days a week.
"This will allow us to expand our services without the time-consuming and expensive requirement to add infrastructure," he added. "We chose ET because of their excellent reputation in the industry."
"We're delighted to be selected to support First Keystone Bank," added Brian Cregg, Vice President - Marketing for ET, "and we look forward to demonstrating once again what ET's 21st century technology can do for its customers in terms of speed, reliability, privacy and user friendliness."
About First Keystone Bank
First Keystone Bank serves its customers from eight full-service offices located in Delaware and Chester Counties, Pennsylvania.
About Enhanced Technology Financial Services, Inc.
ET Originates, Services, Collects, and Reports on private label consumer installment loans and HELOCs for banks using its proprietary OSCAR system and team. ET guarantees that its client banks will increase total net income by at least 20% when they use the complete OSCAR system. By combining ET's risk-related pricing and best-in-industry servicing, ET's client banks can generate higher margins and more volume with lower risk and less volatility, while reduce the price to the consumer, all simultaneously. ET's client banks range in size from $24 million to over $500 billion. ET Financial Services is headquartered in Olympia, Washington.