CompuPay Chosen as Preferred Payroll Provider for Biddeford Savings

MIRAMAR, Fla., May 25 /PRNewswire/ -- CompuPay, Inc. (www.compupay.com), one of the country's leading providers of payroll, tax filing and HR-related services, announced that it has been chosen as the preferred outsourced payroll provider for Biddeford Savings Bank's commercial banking clients.

Biddeford Savings is a locally owned mutual savings bank with four branches located in the towns of Biddeford, Scarborough and Waterboro, Maine. Chartered in 1867 by an act of the Maine state legislature, Biddeford Savings has played a key role in the success of hundreds of Biddeford area businesses for over 140 years. Commercial banking customers can take advantage of the bank's many services, including commercial checking and commercial savings accounts, electronic statements, online banking, commercial mortgages and loans, merchant card services, remote deposit capture and business debit cards.

"Providing outsourced payroll to their business clients is an excellent example of Biddeford Savings' commitment to improving their community through helping local businesses to build and grow,'" said Kathey Palmer, senior vice president, business development, for CompuPay. "Outsourced payroll will allow Biddeford Savings' commercial clients to not only streamline business processes and save money, but also focus their efforts on what is most important to them; growing their businesses."

"Outsourced payroll and related services are important for many small businesses," commented Peter Sylvestre, SVP for Biddeford Savings. "CompuPay's payroll expertise and position as a leader in the payroll industry are impressive and we are excited about the opportunity to offer our customers state-of-the-art payroll through our new relationship with CompuPay."

About Biddeford Savings Bank

Biddeford Savings is an independent, mutual savings bank. It has four branch locations, Route 202 in Waterboro, 360 US Route One in Scarborough, 417 Alfred Street in Biddeford, and its main office at 254 Main Street in Biddeford. It also has a Commercial Banking Center at 234 Main Street, Biddeford. The bank's web address is: www.biddefordsavings.com.

About CompuPay

CompuPay, Inc. was founded in 1980 and today is the second largest privately held payroll company in the U.S. and fourth largest overall. Its growing network of local offices processes payroll for tens of thousands of companies ranging in size from 1 to over 5,000 employees in all 50 states. The company offers payroll and employer-related services such as workers' compensation insurance, employee benefits, retirement plans and Section 125 and 132 plans to clients seeking highly flexible, innovative solutions to meet their growing business needs.

SOURCE CompuPay, Inc.