HarVest Bank of Maryland Teams Up With iStream Imaging to Reinvent Business Banking

HarVest Bank of Maryland, a rapidly growing and locally owned full service commercial bank, today announced the formal rollout of new technology to enable remote processing of deposits from a customer’s office. During the recently concluded trial period, HarVest successfully reduced customer reliance on access to its branches through the new capabilities.

The HarVest iStream Imaging® Solution allows a customer to gather and scan all of its checks for deposit together and submit them via a secure, encrypted internet connection. Once proofed, the deposit is processed for payment and valid deposits are posted within hours to the customer account. The depositor can review deposits, account activity and online reporting without leaving his/her desk. Merchant customers for example, will no longer need to worry about deposit deadlines, employee security or courier costs.

“Our HarVest iStream Imaging® Remote Capture rollout is the latest enhancement to our commitment to outstanding customer service. We want to be the home grown commercial bank of choice in the I-270 Corridor, and these additional capabilities will help ensure that our reach is wide within our designated market and sometimes beyond”, said Ron Wills, HarVest Senior Vice President of Retail Banking. “Our high standards of customer service and dedication to our community are the critical elements to our mission of “Bringing Maryland Banking Back Home™,” he said.

About iStream Imaging®

iStream Imaging® is an innovative leader in the electronic check processing industry. Using process engineering we maximize secure movement of data while minimalizing delivery and overhead costs to process check payments. The iStream Imaging® vertically integrated infrastructure provides intelligent solutions to financial institutions, business entities and other payment processing parties. With the ability to setup customers in as little as 24 hours, iStream Imaging® has penetrated 41 states with over 2000 users depositing remotely.      

About HarVest Bank of Maryland

HarVest Bank of Maryland is a full service commercial bank focused on businesses in the I-270 corridor of Montgomery County, Maryland and contiguous markets. HarVest offers customer friendly banking solutions at a moderate price, including lock box and remote capture deposit services, merchant processing and competitive loan and deposit pricing.  The Bank opened for business on November 15, 2004, and has grown to over $101 Million in assets as of December 31, 2006. HarVest now operates three full service branches at 9707 Medical Center Drive in Rockville, at 12800 Middlebrook Road in Germantown and at 7908 Woodmont Avenue in Bethesda. The Bank’s headquarters are located at 15005 Shady Grove Road in Rockville, MD.

HarVest Bank of Maryland is a member bank of the FDIC and an equal opportunity lender. For more information on HarVest Bank of Maryland and its services, call (301) 838-HBMD or log on to www.harvestbankmd.com.

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