Chicago — November 11, 2002 — SurePayroll, a national leader in the online payroll marketplace, today announced an expansion of its partnership with LaSalle Bank, a subsidiary of Chicago-based ABN AMRO North America, Inc.
LaSalle Bank had previously offered a co-branded online payroll solution through SurePayroll to its small business clients on a limited, pilot-project basis. Based on strong test results, LaSalle Bank will now sell the service aggressively through all of its 125 branches.
"This was a very successful pilot program for both LaSalle Bank and SurePayroll, even without the benefit of extensive marketing investment," said Michael Alter, senior vice president of business development at SurePayroll. "However, the real winner in this partnership will be LaSalle’s small business clients who now will have full access to our best-in-class online payroll solution, allowing them to save time and money and ease the pain of processing payroll."
"The bank is always looking for ways to make it easier for our customers to manage their businesses," said Thomas Doherty, group senior vice president and head of small business banking for LaSalle Bank. "SurePayroll's offering was very well received by the bank’s small business clients, both by clients who had never outsourced before and by those who were currently working with other payroll services."
Banks are increasingly recognizing bank-branded payroll services as playing a strategic role in attracting new clients and retaining existing clients. Industry research indicates that on average bank payroll clients use more bank products/services, have higher retention rates, and have higher bank balances than bank non-payroll clients.
There are over 10 million small businesses in the United States, with an estimated 75% currently not using a payroll outsourcing service. According to Alter, "By leveraging the power of the Internet, our offering overcomes many of the obstacles to payroll outsourcing that previously existed. This presents an incredible opportunity for banks like LaSalle Bank to secure and nurture new business relationships with small businesses. Once a bank processes payroll for a small business, they’ve crafted a relationship that will grow over time and will likely last for years."
About LaSalle Bank:
LaSalle Bank N.A. is one of the Midwest’s largest banks with $52 billion in assets.
Individuals and businesses have the convenience of banking at over 125 locations and
450 ATMs as well as online at www.lasallebank.com. LaSalle Bank also maintains regional
lending offices in Cleveland, Indianapolis, Milwaukee, Minneapolis, Des Moines, Rockford,
Illinois, and St. Louis. Subsidiaries include LaSalle Business Credit, Inc. and LaSalle
National Leasing Corp. LaSalle Bank is an indirect subsidiary of Netherlands-based ABN
AMRO Bank N.V., one of the world’s largest banks with total assets of EUR 614.6 billion
and a presence in more than 3,500 locations in over 70 countries and territories.
ABM AMRO is organized into three autonomous strategic business units, responsible for managing wholesale clients; consumer and commercial clients; and private clients and asset management. ABN AMRO North America, Inc. is headquartered in Chicago and has nearly $90 billion in assets. Subsidiaries include LaSalle Bank in Chicago, and Standard Federal Bank in Michigan.
About SurePayroll:
SurePayroll is the online alternative to ADP® and Paychex®. SurePayroll's service and team members are dedicated to providing an easy, convenient online payroll service at a price small business owners can afford. Tens of thousands of customers rely on SurePayroll to process payroll wherever they want in as few as two minutes.
In addition, SurePayroll offers small businesses solutions for managing 401(k) plans, health insurance, workers' compensation, HR compliance and employee screening. For accountants and banking partners, SurePayroll provides private-label services that enable them to offer payroll processing to their small business clients.
Over the last decade, SurePayroll has received numerous prestigious awards for its innovative technology and outstanding customer service, including recognition from PC Magazine, Inc. 500, Accounting Today, the Stevie Awards and many others.
For more information, you can visit http://www.surepayroll.com, call 877.954.7873 or follow us on http://twitter.com/SurePayroll.
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