TriNovus Signs Eight Banks To Vendor Management Solution

PRESS RELEASE
Contact: David Brasfield, TriNovus
(205) 991-5636

Birmingham, Ala., June 19, 2009 – After launching BankerVMS (www.bankervms.com) three short weeks ago, TriNovus (www.trinovus.com), a company focused on delivering relevant technology solutions to the marketplace, has signed eight banks to contracts for its vendor management solution. BankerVMS is designed to help banks manage vendors throughout the life cycle of the relationship. TriNovus believes that through proper vendor management banks can reduce costs, meet compliance guidelines, improve contract terms and increase the value yielded from each vendor.

Community banks signed to contracts for BankerVMS include six in Alabama, Southern States Bank, Anniston, Ala.; Farmers & Merchants Bank, Piedmont, Ala.; First Metro Bank, Muscle Shoals, Al a.; Central State Bank, Calera, Ala.; PrimeSouth Bank, Tallassee, Ala.; and Peoples Southern Bank, Clanton, Ala. Two banks signed in Mississippi are Merchants & Farmers Bank, Holly Springs, Miss.; and Bank of Jones County, Laurel Miss.

“BankerVMS will be a huge asset in helping us to organize the voluminous amount of information associated with all of the vendors that a community bank interacts with on a daily basis,” said Rodney Howard, president of First Metro Bank. “Being able to see a snapshot view of our monthly costs associated with each vendor as well as the risk level attributed and having the ability to easily produce reports to keep our board members up-to-date will be extremely beneficial to our operations here at First Metro.

“As a community bank any leg up we can get in today’s market when it comes to contract negotiations is a big plus for us,” said Mitt Schroeder, senior vice president of Central State Bank. “Plus with the increased attention by the regulatory agencies to banks’ third party relationships, having access to a tool that helps us to audit those relationships is very valuable,” he said.

David Brasfield, CEO of TriNovus, is pleased with the success of BankerVMS after being introduced to the marketplace for less than a month. “Community banks have been very responsive to what BankerVMS has to offer,” said Brasfield. “The product fills a void in the marketplace and is helpful on many different levels - from effectively managing information and assisting with compliance requirements to saving money on future contracts and providing the executives and board with an overall picture of the bank’s third party relationships.”

About TriNovus
TriNovus, a Birmingham, Ala.-based company, was founded with the goal of delivering relevant technology solutions to the marketplace. Its first product is BankerMLS, a web-based application targeted to financial institutions, which enables them to obtain maximum exposure and value for their repossessed assets. For more information on TriNovus, visit www.trinovus.com or contact David Brasfield at 205.991.5636.

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