Partnership is Key to GE's Expansion of Card Program in Agent Bank Space
STAMFORD, Conn.--(BUSINESS WIRE)--Hancock Bank (NASDAQ: HBHC) has selected GE Money, the consumer lending unit of General Electric Company (NYSE:GE), to provide a Platinum VISA credit card product to its customers in Mississippi, Louisiana, Florida, and Alabama.
The agreement is part of GE Money's strategy to expand its partnerships in the agent bank space and supports Hancock Bank's 107-year-old commitment to providing customers the comprehensive, sophisticated financial choices of a regional bank complemented by a community banking way of doing business.
"GE is very excited to partner with Hancock Bank to provide enhanced credit card programs and exceptional rewards offerings," said Scott Young, leader of GE Money's Personal Finance business. "As a leading provider of partnership credit card programs, we are constantly working to align with financial institutions that deliver excellent value and the highest levels of service to their customers. Teaming up with Hancock Bank is a perfect match."
Under terms of the agreement for the new consumer card program, scheduled to launch November 15, GE will provide a Platinum VISA card product featuring the Hancock Bank brand. Cardholders will earn Net Rewards -- one point for every dollar spent. Points may be redeemed for merchandise, travel, gift cards or cash. The product will be made available to Hancock Bank's retail customers throughout the Gulf Coast region at Hancock Bank branches, the bank's website as well as through direct mail.
"Our Hancock Bank financial services teams are pleased to offer our customers the convenient purchasing power and rewards advantages of the new Hancock Bank Platinum VISA card," said Jim Howarth, the senior vice president responsible for retail sales throughout Hancock's four-state market.
"We selected GE Money because they share our mission of helping people achieve their financial goals and dreams with an array of simple, innovative financial solutions," said Howarth.
To learn more about GE Money's agent bank and affinity consumer credit programs, please contact Rick Cunningham at (847) 605-4680 or at [email protected].
ABOUT HANCOCK BANK:
Hancock Holding Company - the parent company of Hancock Bank (Mississippi), Hancock Bank of Louisiana, Hancock Bank of Florida, and Magna Insurance Company - has assets of $6.26 billion. Founded in 1899, Hancock Bank stands among the strongest, safest financial institutions in the United States and is the only financial services company headquartered in the Gulf South to rate among the top 20 percent of America's top performing banks. Hancock offers comprehensive financial solutions through more than 140 banking and financial services offices and more than 130 automated teller machines throughout South Mississippi, Louisiana, southern Alabama, and the Florida Panhandle. For more information, visit www.hancockbank.com.
ABOUT GE MONEY:
GE Money's Personal Finance business is an innovative, customer-centric lending organization that provides financial services such as personal loans, mortgages, bankcards and student loans both directly to consumers, as well as through partner-based channels. The business brings to personal lending GE's legendary passion for delivering imaginative customer solutions that help people live their dreams.
With $163 billion in assets, GE Money, a unit of General Electric Company (NYSE:GE), is a leading provider of credit services to consumers, retailers and auto dealers in 50 countries around the world. GE Money, based in Stamford, Connecticut (USA), offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans, and credit insurance. For more visit www.gemoney.com.
GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
Contacts GE Money
Gene Ullrich, 847-605-7005
[email protected]
or
Hancock Bank
R. Paul Maxwell, 228-563-7953
[email protected]
Cristy Williams
[email protected]
678.518.2596