Elavon Acquires Citizens National Bank Merchant Proce
Deal Includes 10-year Alliance Referral Agreement
January 19, 2010 08:04 AM Eastern Time
ATLANTA & SEVIERVILLE, Tenn.--(EON: Enhanced Online News)--Elavon, a wholly owned subsidiary of U.S. Bancorp (NY
leading global payments provider, has purchased the merchant processing portfolio of Citizens National Bank, a community bank he
Sevierville, Tenn. and operating locally in Sevier, Knox and Jefferson counties.
Under the terms of the agreement, Elavon will extend its full line of flexible payment solutions to the bank’s more than 300 existing
while also supporting a 10-year alliance agreement for new merchant services referred through the bank’s 18 community branches.
“Citizens National Bank has made their commitment to exceptional service the cornerstone of their customer satisfaction standards,”
Harvey, Jr., CEO of Elavon. “Elavon’s investments in technology, innovation and customer service will continue to deliver on the ba
year tradition of service excellence for its merchant customers.”
“Our customers depend on us to provide reliable, innovative service and a full line of solutions," said David C. Verble, President an
National Bank. "Elavon is solely focused on merchant services, and our new relationship enables us to provide our customers with t
and security they need and expect.”
Citizens National Bank merchant customers will benefit from Elavon's expanded merchant service offerings including debit and credi
a comprehensive PCI Compliance Program, a choice of point-of-sale devices and software, advanced e-commerce products, elect
services, and enhanced reporting.
About Elavon: Elavon's Global Acquiring Solutions organization is a part of U.S. Bancorp. Elavon provides end-to-end payment p
to more than one million merchants in the United States, Europe, Canada and Puerto Rico. Elavon has solutions to meet the needs o
specialized markets including small business, retail, hospitality/T&E, health care, education and the public