The Bank of River Oaks Attributes Substantial Core Deposit Growth to Goldleaf's RDX

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Thu Jul 30, 2009 8:02am EDT

ATLANTA, July 30, 2009 (GLOBE NEWSWIRE) -- Goldleaf Financial Solutions Inc.
(Nasdaq:GFSI), a provider of integrated technology-based solutions designed to
improve the performance of financial institutions, today announced that the
implementation of its Remote Deposit Express (RDX) solution has significantly
contributed to The Bank of River Oaks increasing its core deposit acquisition in
18 months.

The Bank of River Oaks, a $200 million institution based in Houston, operates
two full service locations. Given that the bank has just two locations in the
vast geographic expanse of the city, it needed a way to effectively gather low
cost deposits and establish concrete client relationships. Goldleaf's RDX
solution has enabled The Bank of River Oaks to develop a strategic business
model around acquiring these commercial deposits while also improving efficiency
in its payments process.

Deborah Grayson, EVP for The Bank of River Oaks, explained, "Remote deposit is
an essential key to our business strategy. We sought a trusted, forward-looking
solution when founding our bank in late 2005, and we selected Goldleaf because
the company was - and still is - proving to be on the technological forefront of
this offering."

River Oaks is a highly exclusive area of Houston, so the bank has a direct
opportunity to attract high net worth individuals as well as local businesses
that represent "Doing Business As" (DBA) accounts. Many of the customers the
bank has won in this area are attributed directly to RDX, including medical
professionals, gas- and oil-related entities, manufacturing companies, real
estate investors and commercial brokers. These companies often operate in
different locations through the region and have a complex structure comprised of
multiple business units, making the ease and convenience of RDC especially
appealing to them.

Goldleaf's RDX replaces traditional deposit processes, reducing the time, effort
and overhead costs associated with business deposit preparation, validation,
transportation, processing and management for The Bank of River Oaks and its
customers.

Lynn Boggs, CEO of Goldleaf Financial Solutions, said, "The Bank of River Oaks'
success in acquiring core deposits demonstrates how a financial institution can
leverage remote deposit capture to expand its branch footprint without building
additional facilities. With Goldleaf's RDX, banks are not limited in their
reach. Additionally, they can extend the cost and time saving benefits of remote
deposit capture to their business customers."

The effectiveness of the Commercial RDX solution has spawned an effort between
The Bank of River Oaks and Goldleaf to develop a retail version - Consumer RDX -
to better serve the individuals who run businesses that have very few checks
each month. The bank is looking to establish a third physical branch location,
and expects that this will further increase its remote deposit customers with
the expansion.

About Goldleaf

Goldleaf Financial Solutions, Inc. offers a strategic suite of integrated
technology and payment processing solutions to global financial institutions of
all sizes. Goldleaf's products and services enable financial institutions to
succeed in today's competitive market, solidify their trusted financial
relationships, expand their community presence and improve profitability through
the efficient use of technology. For more information about Goldleaf and its
solutions, please visit the company at www.goldleaf.com.

Safe Harbor Statement

Certain statements made in this press release may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements are based on management's current
expectations and include known and unknown risks, uncertainties and other
factors, many of which the Company is unable to predict or control, that may
cause the Company's actual results or performance to materially differ from any
future results or performance expressed or implied by such forward-looking
statements. These statements involve risks and uncertainties, including, without
limitation, risks and uncertainties associated with the ability of the Company's
suite of products and services to enhance the competitiveness of its clients.
These and other risks and uncertainties the company faces are detailed from time
to time in the Company's filings with the Securities and Exchange Commission.
The Company cautions investors that any forward-looking statements made by the
Company are not necessarily indicative of future performance. The Company is not
responsible for updating the information contained in this press release beyond
the published date, or for changes made to this document by wire services or
Internet services.

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CONTACT: Goldleaf Financial Solutions, Inc.
         MEDIA CONTACT:
         Heather Cunningham, Media Relations
           813.374.6362
           media@goldleaf.com
         INVESTOR CONTACT:
         Tina Moore, Director, Investor Relations
           770.752.6460
           tina.moore@goldleaf.com
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