First Community Bank and GE Business Productivity Solutions announced an alliance for marketing commercial credit cards to First Community Bank’s business customers.
Under the agreement, GEBPS will make the Productivity Visa Card available to First Community Bank’s middle market and small business customers. The Productivity Card suite of products benefits companies by helping streamline purchasing and payment processes and controlling costs. Through the program, companies are offered cost reduction opportunities with suppliers of business goods and services, as well as a web site providing tools for managing and accounting for purchases.
“The Productivity Card programs offer excellent features and services. We selected it for our customers after reviewing several alternatives,” said Dwayne Powell, President and CEO, First Community Bank. “We have gained a credit card offering for our business customers without the investment and risk required to create and service the product ourselves. We are excited about what the program will do for customer satisfaction and First Community Bank’s growth.”
First Community Bank also will benefit from GEBPS’ capabilities in marketing commercial credit card products. GEBPS offers its agent banks a complete marketing program, including direct mail and branch office marketing. “We are very pleased to establish this relationship with First Community Bank,” said Gregg Haddad, President, GE Business Productivity Solutions. “In our alliance, GEBPS gains from First Community Bank’s strong relationships with its local business clients, and First Community Bank benefits from offering its customers the Productivity Card product line.”
About First Community Bank
First Community Bank, a subsidiary of Pocahontas Bancorp, is a community-oriented savings institution headquartered in Jonesboro, Arkansas operating 20 full-service banking offices in Northeast Arkansas. Pocahontas Bancorp currently has in excess of $600 million in assets and is traded on the NASDAQ National Market under the symbol PFSL.
About GE Business Productivity Solutions
GE Business Productivity Solutions, a unit of GE, leverages GE’s expertise and experience to deliver a suite of services that helps business owners and managers increase profit and return on investment. GE Business Productivity Solutions serves over 40,000 U.S. businesses. For more information about GE Business Productivity Solutions’ commercial credit card agent bank program, please visit [www.bizproductivity.com/bank/abhome.shtml].
GE (NYSE: GE) is a diversified technology and services company dedicated to creating products that make life better. From aircraft engines and power generation to financial services, medical imaging, television programming and plastics, GE operates in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company’s Web site at .