MONETT, Mo., Aug 01, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated computer systems and ATM/debit card/ACH transaction processing, today announced that Illinois-based Alpine Bancorporation, Inc. has selected Jack Henry to provide an in-house core processing platform and multiple fully integrated complementary solutions. This $717 million bank holding company will install Jack Henry's SilverLake System to automate Alpine Bank of Illinois (Rockford, Illinois) and The Belvidere National Bank and Trust Company (Belvidere, Illinois).
According to John Vanderheyden, executive vice president, "We determined that we could improve our operational control and more effectively contain costs by discontinuing our long-term outsourcing arrangement and moving our information processing in-house. After an extensive evaluation of the top- tier in-house systems, we selected Jack Henry's SilverLake System. We expect that in-house processing with this robust core system and the scalable IBM(R) System i(TM) hardware platform will support our initial goals of enhancing operating control and better containing costs, while enabling us to more proactively deploy new technology in response to evolving customer and market demands. We also believe the extensive suite of complementary solutions that Jack Henry provides will enable us to seamlessly support our evolving business strategy and to compete aggressively in the marketplace."
Stan Viner, general manager of sales for Jack Henry & Associates, said, "We are confident that SilverLake's broad core functionality and integration with about 100 complementary products and services will support the near- and long-term technology requirements of Alpine Bank and The Belvidere National Bank and Trust Company. It is especially rewarding when progressive organizations like Alpine Bancorporation entrust Jack Henry to provide the business tools and day-to-day support they need to effectively and efficiently serve their customers, to successfully attract new customers, and to capitalize on the trends that continually evolve the banking industry. We appreciate the confidence that Alpine Bancorporation has placed in our technology and in the way we do business, and expect this is the beginning of an outstanding relationship."
In addition to the SilverLake core system, Alpine Bancorporation will initially install Jack Henry's Vertex Teller Automation(TM) solution, StreamLine Platform Automation(R) solution, 4|sight(TM) Item Imaging platform, Synapsys(R) sales force automation system, NetTeller Online Banking(TM) solution, InTouch Voice Response(TM) system, Synergy Intelligent Document Management (IDM) system, PassPort.atm(TM) ATM processing and network switching services, Merchant Deposit Capture solution, and Yellow Hammer(TM) Fraud Detective(TM) fraud detection and prevention solution.
About Alpine Bancorporation
Alpine Bancorporation, Inc., with headquarters in Belvidere, Illinois, is the holding company for Alpine Bank of Illinois and The Belvidere National Bank and Trust Company. Alpine Bancorporation institutions operate 13 locations in Rockford, Cherry Valley, Machesney Park, Loves Park, Belvidere, and Kirkland, Illinois. They offer a choice of high quality financial services, including traditional consumer deposit and loan products, as well as services through the Business Banking Departments, Alpine Mortgage, The Trust and Investment Group, and Alpine Asset Management. For more information, please visit the bank websites at http://www.bankalpine.com or http://www.belviderebank.com .
About Jack Henry & Associates
Jack Henry & Associates, Inc. is a leading provider of integrated computer systems and processor of ATM/debit card/ACH transactions for banks and credit unions. Jack Henry markets and supports its systems throughout the United States, and has more than 8,600 customers nationwide. For additional information on Jack Henry, visit the company's Web site at http://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.
Analyst Contact, Kevin D. Williams, Chief Financial Officer, +1-417-235-6652, or IR Contact, Jon Seegert, Director of Investor Relations, +1-417-235-6652, both of Jack Henry & Associates, Inc.
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