First National Bank of Bastrop Selects Jack Henry Banking to Provide
- $400 million bank to install the SilverLake System in-house -
MONETT, Mo., Jan. 15, 2013
MONETT, Mo., Jan. 15, 2013 /PRNewswire/ -- Jack Henry & Associates, Inc.
(NASDAQ:JKHY) is a leading provider of technology solutions and payment
processing services primarily for the financial services industry. Its Jack
Henry Banking^® division announced today that First National Bank of Bastrop
has selected its SilverLake System^® core processing platform to provide
enterprise-wide automation. This Texas-based bank, which has more than $400
million in assets, will install SilverLake in-house.
According to Reid Sharp, president and CEO of First National Bank of Bastrop,
"The business of banking is much more difficult than it used to be. Our future
depends on how responsive we are to our customers' needs and how well we adapt
to the ever-increasing regulatory burden and ever-changing market conditions.
Our customers demand both high-touch customer service and high-tech financial
products and services. It is imperative that we have a strong core provider
that we can count on going forward, and we believe Jack Henry Banking offers
the tools and technology we need to succeed."
According to Stan Viner, general manager of sales for Jack Henry Banking, "We
are confident that the functionality and flexibility of SilverLake and our
fully integrated complementary solutions will enable this bank to optimize its
business strategy, continually enhance its customers' experience and its
staff's efficiency, and capitalize on the trends that are shaping the banking
industry. We believe this bank's SilverLake decision can be its last core
technology decision and we look forward to a long, successful relationship
with this growth-focused bank."
In addition to SilverLake, First National Bank of Bastrop will initially
implement an array of Jack Henry Banking's complementary solutions including
StreamLine Platform Automation^® – Deposits™; StreamLine Platform Automation^®
– Loans; Vertex Teller Automation System™; Vertex Teller Capture™; components
of the jhaPassPort™ ATM and debit card transaction processing platform; Cognos
10™ business intelligence and enterprise reporting; BIG Rewards™ customer
rewards and loyalty; Yellow Hammer Fraud Detective™; Yellow Hammer BSA™;
4|sight Item Imaging™; the DirectLine Wires™ transfer service with the FRB;
components of the Synergy™ Enterprise Content Management (ECM) solution; and
components of the Enterprise Payment Solutions™ (EPS) payments platform.
About First National Bank of Bastrop
Established in 1889, the first National Bank of Bastrop, Texas has assets of
approximately $400 million and serves Bastrop County citizens with locations
in Bastrop, Elgin, Smithville, and Cedar Creek. Additional information is
available at www.fnbbastrop.com.
About Jack Henry Banking
Jack Henry Banking, a division of Jack Henry & Associates, Inc., is a leading
provider of integrated computer systems for banks ranging from de novo to
mid-tier institutions. Jack Henry Banking currently serves more than 1,300
banks as a single source for integrated, enterprise-wide automation and as a
single point of contact and support. Additional information is available at
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc.^® (NASDAQ: JKHY) is a leading provider of
computer systems and electronic payment solutions primarily for financial
services organizations.Its technology solutions serve more than 11,900
customers nationwide, and are marketed and supported through three primary
brands. Jack Henry Banking^® supports banks ranging from community to mid-tier
institutions with information processing solutions.Symitar^® is the leading
provider of information processing solutions for credit unions of all
sizes.ProfitStars^® provides best-of-breed solutions that enhance the
performance of domestic and international financial institutions of all asset
sizes and charters using any core processing system, as well as diverse
corporate entities. Additional information is available at www.jackhenry.com.
Statements made in this news release that are not historical facts are
forward-looking information. Actual results may differ materially from those
projected in any forward-looking information. Specifically, there are a
number of important factors that could cause actual results to differ
materially from those anticipated by any forward-looking information.
Additional information on these and other factors, which could affect the
Company's financial results, are included in its Securities and Exchange
Commission (SEC) filings on Form 10-K, and potential investors should review
these statements. Finally, there may be other factors not mentioned above or
included in the Company's SEC filings that may cause actual results to differ
materially from any forward-looking information.
SOURCE Jack Henry & Associates, Inc.
Contact: Analyst Contact: Kevin D. Williams,Chief Financial Officer,
+1-417-235-6652, or Media Contact, Dennis Jones, Marketing Manager, Jack Henry
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