CoreTrac, Inc. Names Community Banking Visionary, Technology Entrepreneur As Chairman

Hank Seale to bring QUP, Regency, S1 experience and formula for success to growing company

AUSTIN, TX—July 14, 2004—CoreTrac, Inc. (www.coretrac.com), a provider of simple and affordable customer relationship management (CRM) solutions built exclusively for community financial institutions, today announced that R. H. “Hank” Seale will assume the role of company chairman.

Seale has a history of building successful companies that provide technology solutions to community financial institutions. In 1991, he co-founded Regency Voice Systems, Inc., which served approximately 750 financial institutions. After selling Regency to Transactions Systems Architects Inc. in 1996, Seale founded QUP Systems, Inc., a provider of internet banking to more than 700 community financial institutions nationwide. In early 2000, QUP was acquired by publicly held S1 Corporation, where Seale served as a divisional CEO until 2002.

A primary investor in CoreTrac since inception, Seale has had an evolving role in the company. Last year, CoreTrac increased sales by 313 percent over 2002 and is positioned for further acceleration this year. Seale will now participate more actively in the company’s next-stage growth and will bring his experience to defining strategy, business development efforts and other operational matters.

“Hank is an exceptionally strong leader with a well-known track record among community financial institutions. He is uniquely suited to be CoreTrac’s chairman,” says CoreTrac Founder S. Chris Ney. “He helped build two of community banking’s most successful technology companies, and his skill set complements our current people, assets and the overall direction we want to take CoreTrac. His knowledge of the community financial institution space and his reputation for setting and achieving high standards of customer service while driving winning business strategies make his new role perfectly timed.”


“CoreTrac is a company with incredible potential. Its software is exceptionally well built and desperately needed by community financial institutions. Additionally, the existing leadership team of Chris Ney and (Chief Operating Officer) Dan Martin is unusually strong. I look forward to officially joining this dynamic team and taking the company to the next level,” Seale said.

About CoreTrac

CoreTrac, Inc. is a privately held corporation headquartered in Austin, Texas. The company is dedicated exclusively to providing a simple and affordable CRM solution to community financial institutions.
Around the country, successful community financial institutions like North Bay Bancorp ($479M assets, Fairfield, California); Orange County Teachers Federal Credit Union ($4B assets, Santa Ana, California), The Mechanics Bank ($2B assets, Richmond, California), three independent banks owned by Texas First Financial Group ($480M assets, Galveston, Texas) and Member One Federal Credit Union ($260M assets, Roanoke, Virginia) are adopting progressive service cultures and improving performance with CoreTrac’s ResourceOne (R1) solution. R1 is a browser-based application running on the financial institution’s internal network. It delivers the power to:

• Track sales leads and referrals;
• Manage loan and deposit pipelines;
• Track employee incentive programs;
• Develop and track targeted marketing programs;
• Create institutional, branch and individual reports; and
• Integrate multiple sources of data for a complete picture of client and prospect relationships.

For More Information Contact:

Catherine A. DeStasio
Marketing & Corporate Communications
512-236-9120, ext. 200
cdestasio@coretrac.com