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 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 11,900 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.