The Citizens Bank Selects Jack Henry Banking to Provide Enterprise-Wide Automation

MONETT, Mo., Nov. 15, 2011 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY), a leading provider of technology solutions and payment processing services primarily for the financial services industry, today announced that The Citizens Bank has selected Jack Henry Banking's SilverLake core processing system to provide enterprise-wide automation. This Batesville, Arkansas-based bank, which has more than $530 million in assets, will implement SilverLake through Jack Henry Banking's outsourced offering.

According to John Dews, president of The Citizens Bank, "Our bank is strategically poised for growth but we needed a leading-edge technology platform to support our near- and long-term growth goals. We launched a thorough, 12-month evaluation of technology platforms and we discovered that SilverLake and Jack Henry Banking's extensive suite of complementary solutions provide the functionality we need to power a more sophisticated and competitive suite of financial products and services. SilverLake offers us the deep integration we need to improve our operating efficiencies, and materially reduce the number of third-party interfaces we have to maintain. We believe moving to the forefront of technology will enable us to better serve our customers, expand our existing customer relationships through cross sales, increase our share of the markets we serve, and compete more aggressively and successfully."

Stan Viner, general manager of sales for Jack Henry Banking™, said, "The bankers driving The Citizens Bank clearly understand the role that technology plays in their ability to optimize their bank's business strategy. With SilverLake as its technology platform, the bank can capitalize on sound business opportunities and emerging industry trends, respond to dynamic customer and market demands, resolve operational issues and inefficiencies, and improve speed-to-market with competitive offerings. We respect the time and effort this bank invested in its evaluation process and look forward to a long and successful technology partnership."

In addition to SilverLake, The Citizens Bank will initially implement an array of Jack Henry Banking's complementary solutions including StreamLine Platform Automation^®-Deposits™; OnBoard Loans™; InTouch Voice Response^®; components of the jhaPassPort™-ATM and debit card transaction processing platform; Cognos 8 BI™ business intelligence and enterprise reporting; BIG Rewards™ customer rewards and loyalty; Yellow Hammer Fraud Detective™; Yellow Hammer BSA™; Margin Maximizer Suite^®; Relationship Profitability Management™ (RPM); PROFITstar^® Classic™-asset/liability management and budgeting; components of the Synergy™ Enterprise Content Management (ECM) solution; and jXchange™ for open connectivity with third-party products.

About The Citizens Bank

The Citizens Bank of Batesville was established in 1953 by a group of local businessmen who shared a vision of creating a bank that would be committed to serving the working people of Batesville and Independence County. Today, Citizens Bank is Independence County's largest financial institution by market share, and has expanded its service area to include Sharp, Lawrence, and Stone counties with 10 fully staffed financial centers. The Citizens Bank is owned by local shareholders and is governed by a local board of directors who live, work, and invest in this community alongside its customers. The Citizens Bank continues to take pride in a heritage of independence that honors the vision of its founders. Today, it remains dedicated to the financial progress of the people it serves. Additional information is available at www.thecitizensbank.net.

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 electronic payment solutions primarily for financial services organizations. Its technology solutions serve more than 11,300 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.