Murphy-Wall State Bank and Trust Company today announced the launch of Kasasa™, a new brand of free checking and savings accounts that have been a big hit in Illinois since its launch by a local bank last spring. Kasasa checking and savings accounts pay consumers to use their account with what interests them most—high interest, automatic savings, money donated to charity or free iTunes® downloads. Thousands of consumers have already switched to Kasasa to get great banking products and the personal service available only at America’s finest community financial institutions.

“As we speak with people in the community, we continue to hear their frustration with their mega bank experiences—the high fees and poor service,” said Marty Davis, President and CEO of Murphy-Wall. “Our launch makes Kasasa even more accessible in our area. Now, there is absolutely no reason for consumers to sacrifice. They can get it all—great products and great customer service with no monthly fees and ATM fee refunds.”

Murphy-Wall is offering two of the new Kasasa banking products, Kasasa Cash™ and Kasasa Saver™. All Kasasa products are free accounts, with no minimum balance, no monthly fees, free online banking and nationwide ATM fee refunds.

NOW OFFERING:

• Kasasa Cash – A free checking account that pays high interest in cash every month.

• Kasasa Saver – A high interest saver account linked to a Kasasa Cash checking account. The high interest and ATM fee refunds earned in the Kasasa Cash account are automatically deposited into the Kasasa Saver account each month. The balance in the Kasasa Saver account also earns a high rate of interest.

To receive the Kasasa account benefits, accountholders need to meet easy monthly qualifications, including receiving an eStatement, accessing online banking, using a debit card and making an electronic transaction. If an accountholder does not meet the qualifications in a given month, the bank will alert the individual, who will be eligible the following month for the benefits.

“We are proud to be joining forces with the Bank of Marion to offer Kasasa to our community. We view it as healthy co-opetition for the benefit of the consumer,” continued Davis. “Collectively, we are using the innovations of Kasasa to wake consumers up to the benefits of community banks, institutions that treat accountholders like people, not numbers.”

Kasasa is distributed to Murphy-Wall State Bank and Trust Company from BancVue, the leading provider of innovative products, dynamic marketing, and data-driven consulting solutions to community financial institutions nationwide to help them win the war against the mega banks.