Cal Fed, the second-largest bank headquartered in California, has partnered with Elan Financial Services to expand the products and services that it offers to small business and middle market commercial customers.
Cal Fed’s commercial credit card suite of products now includes business credit cards, business credit cards with an airline mileage program, corporate cards, and purchasing cards.
“This new product line makes us extremely competitive in the marketplace,” said Kenneth Coopman, executive vice president and director of Cal Fed’s commercial banking division, “and we’re happy to be teaming with Elan to bring these products to business customers. Elan is very well respected in the banking industry.”
Business cards, offered to small business owners, work much like a consumer credit card, enabling the business owner to pay for purchases and travel expenses with a single card. Corporate cards, also known as T&E cards, are used by large- and mid-sized businesses to pay for and report on travel expenses. Purchasing cards are similar, but are used for non-travel expenses such as supplies and materials.
“Cal Fed clients will find the cards to be an excellent source of information that will enable them to control expenses, identify frequently used vendors and negotiate better pricing with them,” said Dan Roads, first vice president of Elan Financial Services.
For more information, Cal Fed customers can call Cal Fed toll-free at 1-800-CALFED4 (1-800-225-3334), or visit any Cal Fed branch.
San Francisco-based Cal Fed has approximately $61 billion in assets, 355 branches in California and Nevada, and $23 billion in deposits. Cal Fed, the principal operating subsidiary of Golden State Bancorp (NYSE:GSB), is a full-service community-oriented bank offering consumers and businesses the products and experience to help them achieve their financial goals. For more on the companies, see our Web sites at [www.calfed.com] and [www.goldenstate.com].
Elan Financial Services provides consumer, business, corporate and purchasing cards through a network of over 1,100 community banks and other financial service providers throughout the United States. Elan products enable small and mid-size financial service providers to remain competitive by matching the products offered at larger institutions. For more information go to [www.elancard.com].