PULSE and Woodforest Financial Group Sign Exclusive, Long-Term Agreement for PIN Point-of-Sale Debit Services

Cardholder Access to National ATM Network Also Included in Agreement

HOUSTON, TX and THE WOODLANDS, TX – Feb 11, 2010 — PULSE, one of the nation's leading PIN debit/ATM networks, has extended and expanded its long-term relationship with Woodforest Financial Group for PIN point-of-sale (POS) debit and ATM services.

Under terms of the agreement, PULSE will be the exclusive network provider of PIN POS debit services to Woodforest Financial Group and its bank affiliates – Woodforest National Bank and Woodforest Bank. In addition, PULSE will provide the banks' cardholders with access to PULSE's nationwide network of ATMs.

"PULSE has provided ATM and PIN debit services to Woodforest for more than 25 years, and we are very pleased to extend and further develop our relationship," said Dave Schneider, President of PULSE. "Being chosen to provide PIN debit network services by an innovative institution like Woodforest demonstrates our ability to deliver the acceptance, transaction processing services and customer support necessary to meet the institution's PIN debit needs."

Woodforest Financial Group is a privately owned community bank holding company headquartered in The Woodlands, Texas. Through its bank affiliates, Woodforest Financial Group services over 850,000 accounts from more than 725 branches located throughout 17 states.

"We have long relied on PULSE as a trusted debit network to serve our cardholders, and we are looking forward to continuing our relationship," said Robert E. Marling, Jr., Chairman and Chief Executive Officer of Woodforest Financial Group. "With debit playing an increasingly important role in how consumers spend and manage their money, working with a network that possesses the expertise in PIN debit that PULSE does is critical.

"PULSE's ability to deliver reliable electronic payment services to our cardholders, along with the responsiveness and outstanding customer service we expect, were deciding factors in continuing our mutually successful relationship," added Marling.

About PULSE

PULSE is one of the nation's leading ATM/debit networks, currently serving more than 4,500 banks, credit unions and savings institutions across the country. PULSE is owned by Discover Financial Services (NYSE: DFS). The network links cardholders with more than 289,000 ATMs, as well as POS terminals at retail locations nationwide. The company is also a valued resource for industry research related to electronic payments and is committed to providing its participants with education on evolving products, services and trends in the payments industry. For more information, visit www.pulsenetwork.com.

About Woodforest Financial Group, Inc. and Its Family of Companies

Celebrating 30 years of banking success, Woodforest Financial Group, Inc. is a privately owned community bank holding company that includes Woodforest National Bank and Woodforest Bank in its family of companies. Together, they currently service over 850,000 accounts from more than 725 branches located throughout Texas, North Carolina, Ohio, Maryland, Pennsylvania, Virginia, West Virginia, Illinois, Indiana, South Carolina, Kentucky, Alabama, Louisiana, Mississippi, New York, Georgia and Florida. For more information, visit www.woodforest.com.

Contacts

Steve Sievert
PULSE
832-214-0111 | 800-420-2122
ssievert@pulsenetwork.com
Cindi Stewart
Woodforest National Bank
832-375-2508
cstewart@woodforest.com