Peach State Bank & Trust Selects Jack Henry Banking to Provide Enterprise-Wide Automation
$146 million bank to implement the SilverLake System through Jack Henry Banking's outsourced offering
MONETT, Mo., May 1, 2012 /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 Peach State Bank & Trust has selected its SilverLake core processing system to provide enterprise-wide automation. This Georgia-based bank, which has more than $146 million in assets, will implement SilverLake through Jack Henry Banking's outsourced offering.
According to Ron Quinn, president of Peach State Bank & Trust, "We are an independent bank dedicated to the principles of true community banking and focused on being the premier financial services provider in the communities we serve. Providing impeccable personal service and the right financial solutions have been the foundations of our success during our first seven years in business. As we looked forward and considered our evolving product, service, and efficiency goals, we came to the conclusion that we need a more robust core system, fully integrated add-on solutions, and a technology provider that shares our service-driven culture. We evaluated the top-tier technology providers and decided to implement SilverLake and outsource our operations to Jack Henry Banking. We considered this decision to be risk-free since several of our bankers have first-hand Jack Henry experience. Before joining Peach State Bank & Trust, our CFO and several other employees worked at banks automated by CIF 20/20 and I worked for a bank automated by SilverLake. Based on our collective experiences we know their technology works and that their service levels are outstanding."
Stan Viner, general manager of sales for Jack Henry Banking, said, "It's very rewarding when bankers with past experience with our products, service, and business culture endorse us inside their bank and to other banks evaluating technology alternatives. I cannot remember a single instance where we replaced a competitive core solution with our SilverLake, CIF 20/20, or Core Director systems without the support of existing client references. Our associates work extremely hard to provide the high-quality software, seamless outsourcing solutions, and customer service it takes to build and maintain a large and loyal client base. It's a pleasure to welcome Ron back to the JHA family and to add Peach State Bank & Trust to our client roster."
In addition to SilverLake, Peach State Bank & Trust will initially implement an array of Jack Henry Banking's complementary solutions including StreamLine Platform Automation®–Deposits™; OnBoard Loans™; Vertex Teller Automation System™; Vertex Teller Capture™; components of the Synergy™ Enterprise Content Management (ECM) solution; NetTeller Online Banking™; iPay Consumer Online Bill Pay™; goDough® mobile banking; InTouch Voice Response®; Yellow Hammer Fraud Detective™; and Yellow Hammer BSA™.
About Peach State Bank & Trust
Peach State Bank & Trust is located at 325 Washington Street in downtown Gainesville. A full-service financial institution, Peach State Bank & Trust offers checking, savings, and commercial, mortgage, and construction lending services. In addition, customers have access to a full array of e-banking services at www.peachstatebank.com and telephone banking at 770-532-6500.
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 approximately 1,500 banks as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information is available at www.jackhenrybanking.com.
About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for financial services organizations. Its technology solutions serve more than 11,900 customers nationwide, and are marketed and supported through four primary brands. Jack Henry Banking supports banks ranging from de novo 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 highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. iPay Technologies™ operates as a leading electronic bill pay provider supporting banks and credit unions with turnkey, highly configurable retail and small business electronic payment platforms. 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.
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