Last updated on April 21, 2014 at 5:21 EDT

Bank Independent Selects Jack Henry Banking to Provide Enterprise-Wide Automation

April 24, 2013

- $1.2 billion bank to install the SilverLake System through Jack Henry Banking’s outsourced offering -

MONETT, Mo., April 24, 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 Independent has selected its SilverLake System(®) core processing platform to provide enterprise-wide automation. This Alabama-based bank, which has more than $1.2 billion in assets, will implement SilverLake through Jack Henry Banking’s outsourced offering.

“After a very thorough, year-long evaluation of core processing system providers, Bank Independent’s team selected Jack Henry’s SilverLake platform as the best fit for the needs of our growing bank,” said Macke Mauldin, president of Bank Independent. “We believe that Jack Henry’s core system and complementary products will help us provide our customers with the most efficient banking experience and cutting-edge services for years to come. As a bank known for outstanding customer service and values, such as playing by the rules and treating others the way we would like to be treated, we feel that the level of customer service we have received from the banking professionals at Jack Henry aligns perfectly with what Bank Independent has offered our customers for more than 66 years.”

According to Stan Viner, general manager of sales for Jack Henry Banking, “As we were getting to know this bank, it became very evident early in the evaluation process that Bank Independent wants a true technology partner and not just a technology provider. We are excited about the opportunity to support this bank’s mission-critical transaction processing, business process automation, and customer and business data management with our technology. And we are equally as excited about leveraging the unique aspects of how Jack Henry Banking does business to establish a long-term partnership with this bank. We believe that surrounding our quality products and services with exacting service standards; production-proven change management; initial and ongoing education; contemporary support tools, resources, and technology; dedicated account managers; product-specific focus groups and users’ meetings; and leading-edge research and development is what makes us a true business partner – not just a provider.”

In addition to SilverLake, Bank Independent will implement the vast majority of Jack Henry Banking’s complementary solutions.

About Bank Independent

With 27 branches across north Alabama, Bank Independent takes pride in the customers who count on us to be there for them when they need us most. We’re committed to providing the best service, designing the most desired products, and creating an overall excellent experience for each and every customer. As a local bank serving our community since 1947, we believe in building relationships that run deep and that last. All of our employees reside in our local communities, and believe in giving back through investing money and through our volunteering efforts. To become part of a bank that is radically original in all that it does, visit us at https://www.bibank.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.

Source: PR Newswire