First Hope Bank Selects Jack Henry Banking(TM) to Provide Enterprise-Wide Automation

- $400 Million Bank Implements the SilverLake System(R) In-House -

Jan 06, 2010, 08:00 ET from Jack Henry & Associates, Inc.

MONETT, Mo., Jan. 6 /PRNewswire-FirstCall/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced that First Hope Bank has selected Jack Henry Banking's SilverLake System to provide enterprise-wide automation. This New Jersey-based bank, which has more than $400 million in assets, has completed the in-house installation of SilverLake.

According to Norman Beatty, chairman, CEO, and president of First Hope Bank, "After using our current in-house system for about 20 years we made the strategic decision to move to a more feature-rich core solution that will enable us to improve enterprise-wide operations and efficiency. Our evaluation process fully convinced us that SilverLake is the system most compatible with our operating requirements and business strategy. Our decision to establish a long-term technology partnership with Jack Henry Banking was primarily based on our common service cultures, its proven change management process, SilverLake's functionality and extensive customization capabilities, and the solid integration of key complementary products and services. The satisfaction level among recently converted and long-time users validated our decision and further convinced us that SilverLake is the system that will support our evolving requirements. We are excited about our move to SilverLake and about the ability to drive our financial products and services with this sophisticated technology platform."

Tony Wormington, president of Jack Henry & Associates, said, "A fundamental tenet of our success is the ability to provide the business tools banks need to attract and support today's convenience-driven consumers, to continually improve bank performance, and to successfully compete in today's dynamic business environment. We are confident that SilverLake provides the functionality and flexibility that First Hope Bank expects to gain with a new core system, and we welcome the addition of this bank to our client roster."

In addition to SilverLake, First Hope Bank initially implemented an array of Jack Henry Banking's complementary solutions including StreamLine Platform Automation® - Deposits, Vertex Teller Automation System(TM), NetTeller Online Banking(TM), NetTeller Cash Management(TM), NetTeller Bill Pay electronic bill payment solution, Opening Act online account opening solution, DirectLine(TM) OFX Internet banking solution for PC-based financial management systems, goDough® mobile banking solution, InTouch Voice Response® telephone banking solution, Cognos 8 BI(TM) business intelligence and enterprise reporting solution, Remote Deposit Capture, Dep@sit(TM) micro business capture solution, 4|sight(TM) Item Imaging, components of the modular Synergy(TM) Enterprise Content Management (ECM) solution, the Yellow Hammer(TM) fraud detection and prevention solution suite, and the jXchange(TM) utility for open connectivity between core, complementary, and third-party products.

About First Hope Bank

For nearly a century, First Hope Bank has provided financial services to its customers and community. It prides itself on successfully combining the "hometown" customer orientation of a community bank with progressive products and services focused on the needs of individuals and businesses. At First Hope Bank, the words "World-class service, close to home," are more than just a slogan. It is the motto the bank's associates strive to fulfill each day, to help them meet their financial hopes and dreams, whether they are achieved through complex commercial loans, flexible personal accounts, home loans, trusts, investments or any of its full array of financial institutions services. Additional information is available at www.firsthope.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 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 computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 11,300 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar(TM) 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. 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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