Bank of the Sierra Selects Jack Henry Banking to Provide Enterprise-Wide Automation

- $1.4 billion bank to install the SilverLake System through Jack Henry Banking's outsourced offering -

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Aug 15, 2013, 08:00 ET

MONETT, Mo., Aug. 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 Bank of the Sierra has selected its SilverLake System^® core processing platform to provide enterprise-wide automation. This California-based bank, which has more than $1.4 billion in assets, will implement SilverLake through Jack Henry Banking's outsourced offering.

According to Jim Holly, president and CEO of Bank of the Sierra, "We believe technology is a key component in our ability to meet our performance and growth goals. Based on our need for a best-in-class technology platform, we launched a due diligence process that lasted a year-and-a-half and included the primary technology providers serving the banking industry. Our thorough evaluation convinced us that SilverLake and its broad array of complementary solutions best met our functional requirements and that Jack Henry Banking's proven service culture will meet the expectations we have for our primary technology partner. We are excited about the enterprise-wide benefits SilverLake will deliver including the material efficiency improvements we can only realize with a fully integrated technology platform and our ability to support virtually unlimited growth. Jack Henry Banking clearly wants to be an engaged, responsive, long-term business partner with Bank of the Sierra."

Stan Viner, general manager of sales for Jack Henry Banking, said, "Our experience serving as the primary technology partner with more than 20 percent of mid-tier banks demonstrates that we can support the evolving technology requirements of progressive, growth-focused banks like Bank of the Sierra. We welcome the opportunity to establish a true technology partnership with this top performing bank that is highly regarded in the communities it serves and to delivering a highly customized technology solution that incorporates SilverLake's deep core functionality, our fully integrated complementary solutions, and our company-wide commitment to exceed our clients' service-related expectations. We are confident a SilverLake-based platform will seamlessly support this progressive bank's evolving business strategies, growth opportunities, and dynamic customer and market needs."

In addition to SilverLake, Bank of the Sierra will initially implement an array of Jack Henry Banking's complementary solutions including ArgoKeys^® DepositKeys™ account opening and administration; Vertex Teller Automation System™; Vertex Teller Capture™; NetTeller^® Online Banking™; iPay Consumer Online Bill Pay™; the iPay Biz 2.0™ small business online bill payment suite; goDough^® mobile banking; OurCashFlow™ online financial management (OFM); Opening Act™online deposit and loan account opening; Electronic Statements−Interactive™; DirectLine Wires™; DirectLine International™; Remote Deposit Capture™, Remote Deposit Anywhere™ (RDA) mobile and flatbed remote deposit capture; Cognos 10™ business intelligence and enterprise reporting; Smart GL™ general ledger reconciliation and compliance; Relationship Profitability Management™ (RPM); and components of the Synergy Enterprise Content Management™ (ECM) solution; components of the Yellow Hammer™ fraud detection and prevention suite; the Gladiator security services suite; Centurion Business disaster preparedness and recovery services; jhaCall Center™; and more.

About Bank of the Sierra
With over $1.4 billion in assets and strong performance ratios, Bank of the Sierra is the largest independently owned community bank headquartered in Southern San Joaquin Valley's heartland. The bank serves 17 different communities with 25 branches, two Ag Centers, and one SBA Center. For more information visit the website at www.bankofthesierra.com or call (888) 454-BANK.

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 www.jackhenrybanking.com.

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 11,600 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.