Bank of Clarke County Advances Credit Card Capabilities with Corserv
ATLANTA, June 2, 2021 – Corserv, a company that empowers banks and fintechs with payment programs, has implemented a credit card program with Berryville Virginia -based Bank of Clarke County ($1.1 billion in assets) for their commercial, business, and consumer customers. Bank of Clarke County was especially focused on improving their commercial card products, features, and service for local businesses. The commercial and purchasing cards from Corserv have enabled Bank of Clarke County to better service their market without adding staff. “I previously saw the virtues of Corserv’s credit card program at another bank and was excited to bring it to Bank of Clarke County,” said Brandon Lorey, CEO of Bank of Clarke County. “Through Corserv’s Account Issuer Program, we’re able to provide cutting edge services that allow us to stay competitive as a local community bank all while keeping the interchange, loan interest, and fees within our walls. Utilizing services such as self-service spend controls, virtual cards, support for ePayables, and a free expense reporting system have created additional opportunities for us to better serve our local businesses.” “The Account Issuer Program was created with banks like Bank of Clarke County in mind, allowing them to own their credit card financials without the need to add expertise, infrastructure, or staff”, said Anil Goyal, President of Corserv. “Bank of Clarke County is using our program to provide better credit card products and service to their local businesses, municipalities, and consumers. We look forward to working with Bank of Clarke County to continue to market and service credit card products for their customers.” # About Bank of Clarke County Founded in 1881, Bank of Clarke County is a wholly owned subsidiary of Eagle Financial Services, Inc. (OTC:EFSI). The mission of BoCC is to be a trusted partner and preferred provider of financial solutions in the communities we serve by using the power of every connection. Bank of Clarke County offers a broad range of commercial banking, retail banking and trust and investment services through 13 bank branches and 1 loan production office located throughout Clarke, Frederick, Loudoun and Fairfax Counties, as well as the City of Winchester, Towns of Purcellville and Leesburg. The Bank provides various banking products and services including free access to over 55,000 ATMs through the Allpoint® network plus online and mobile banking for individuals and businesses. The Company's common stock trades on the OTC Markets Group's OTCQX Market under the symbol EFSI. For more information about Eagle Financial Services, Inc., and the Bank, please visit our website at www.bankofclarke.bank. About Corserv Corserv provides payment services including a turnkey issuing program for credit cards, P-cards, and virtual cards that enables Banks and Fintechs to deliver competitive, branded payment services to their customers. Corserv’s secure hosted programs combine our credit, compliance and marketing expertise with our modern online solution and open APIs – everything clients need to quickly build a successful card-issuing business. Our Bank and Fintech clients increase their earnings per share by benefitting from loan interest, interchange, fee income and economies of scale from Corserv’s client base. Most importantly, they deepen their customer relationships. For more information, please visit www.corservsolutions.com.