Press Releases

For Immediate Release

Contact:
Jan Dailey, SVP, Marketing Manager
972-391-6191, jan.dailey@tnbcard.com

Kristine Tanzillo, Dux Public Relations
972-889-9577, kristine@duxpr.com

Card Industry Veteran Phil G. Davis II Joins
TNB Card Services as First Senior Vice President

Dallas – August 20, 2007 – TNB Card Services has named Phil G. Davis II, a seasoned executive with nearly three decades of credit card industry experience, as first senior vice president. Davis joins the company at a time of high growth, and in his new role, he will enable TNB to continue to strengthen its operational capabilities and member services.

At TNB, Davis is focusing on cardholder operations, including credit underwriting, member servicing, fraud, collections and recovery, and compliance. His appointment further demonstrates TNB's commitment to delivering the strongest and most reliable fraud management expertise and member servicing to the credit union industry.

Davis comes to TNB from Citigroup, where he was a senior vice president in the Citicorp Credit Services division. There he was responsible for building and directing the team that supported The Home Depot's commercial credit business. He has also held executive positions in the card services division of Bank of America and the outsourcing division of NCO Financial Systems.

"In addition to his extensive experience in the credit and payments arenas, Phil Davis brings strong management skills in risk control, compliance, and conversion management," said Scott Wagner, executive vice president of TNB Card Services. "This will enhance our abilities to continue the strong growth of both TNB and our clients."

Davis has played an integral role in the credit industry. He was a charter member of the Bankruptcy Issues Council, which spearheaded bankruptcy reform, has served as a member of the National Foundation for Consumer Credit Advisory Council, and on the Board of Directors for the Consumer Credit Counseling Services of Virginia.

His commitment to serving consumers and strengthening their credit is strategically aligned with TNB's card member service philosophy.

Davis said that he was attracted to TNB because of its clear vision, leadership position, and culture. "TNB has a rich history in the credit union movement. It also has a stellar reputation for providing superior service and products to clients, and is now focused on further improving its core capabilities," Davis said. He added that he looks forward to strengthening card operations and working within the credit union industry.

A native of Virginia, Davis has a degree in management economics from Hampden-Sydney College.

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About TNB Card Services
TNB Card Services, owned and directed by credit unions since 1976, provides electronic payments processing, as well as an agent issuing solution for credit unions nationwide. Serving more than 500 financial institutions and managing more than 1.8 million cards, Dallas-based TNB enables credit unions to enhance member loyalty through credit union-branded card products. For more information about TNB, go to www.tnbcard.com or call Dusty Bowers at 1-800-422-0733 ext. 6555.

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