InsBank Selects Goldleaf’s Remote Online Backup Service

ATLANTA, June 9, 2009 — Goldleaf Financial Solutions Inc. (Nasdaq:GFSI), a provider of integrated technology-based solutions designed to improve the performance of financial institutions, today announced that Nashville, Tenn.-based InsBank has selected Goldleaf’s Remote Backup Service (RBS). In a time of ever-increasing regulatory requirements, Goldleaf’s RBS enables financial institutions to restore data on demand and protect critical customer information.

Prior to selecting RBS, InsBank backed its data up to tapes, however, the bank wanted to automate its backup and find a more reliable and secure solution. With so many products on the market, bank executives spent more than a year researching both in-house and outsourced solutions. The bank’s main primary focus was security, particularly in the encryption of the data and the location of the remote site. It was compelling to the bank’s executive management that Goldleaf’s RBS is stored at a Statement on Auditing Standards (SAS) 70 Type II Tier 4 data center, which is the highest level of security available.

“InsBank had a previous relationship with Goldleaf, using its Web design and hosting solution, which made our decision to select its RBS solution much easier,” said David Reynolds, FVP of Information Services. “While the number of remote backup providers has dramatically increased over the past few years, we know that our selection of Goldleaf means that we have a compliant, reliable and secure remote backup service that is coupled with superior customer support. InsBank now has the confidence that our data is properly protected and restorable in the event of a loss. This enables us to focus on our strategic goals and maintain our advantage in the market.”

Goldleaf’s RBS replaces traditional solutions with a fully automated online solution. RBS provides automated backups of heterogeneous file servers as well as application and database servers with encrypted, secure offsite storage and rapid online restoration. The RBS offering includes 24×7 monitoring of customers’ backup environments.

“Reports show that current data storage growth rates are close to 50 percent per year and based on those statistics, we saw a clear demand for this service,” said Lynn Boggs, CEO of Goldleaf. “Using Goldleaf’s RBS, banks do not incur any additional expenses or resources from hosting the data in-house, while benefiting from the knowledge that their customer’s information is protected and recoverable. This is critical for financial institutions to consider, especially given the regulations around the handling of such data in Section 404 of the Sarbanes-Oxley Act. Our service ensures that financial institutions can concentrate on their highest priority — the customer.”

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.

MEDIA CONTACT:
Heather Cunningham
813.374.6362
media@goldleaf.com

INVESTOR CONTACT:
Tina Moore, Director, Investor Relations
770.752.6460
tina.moore@goldleaf.com

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Source: Goldleaf Financial Solutions, Inc.