MONETT, Mo., April 9, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced that Brattleboro Savings & Loan has selected Jack Henry Banking as its technology partner and the SilverLake System as its technology platform. This Vermont-based bank, which has more than $180 million in assets, will implement SilverLake through Jack Henry Banking's outsourced offering.
According to Daniel C. Yates, president and CEO of Brattleboro Savings & Loan, "Our bank is strategically focused on expanding our customer relationships and increasing market share by cross selling more products and services. Our goal is to expand our market beyond Brattleboro and Springfield by competing more aggressively in the markets we serve, and attract more small and medium sized business customers, along with more people interested in technologically advanced banking services. We determined that the ability to accomplish these four key components of our business strategy would require more sophisticated and contemporary technology. We conducted a detailed and pragmatic evaluation of the available outsourced solutions and determined that Jack Henry Banking has the strongest and highest quality products and services, provides the most solid and consistent service and support, and has incredibly strong references. Our ultimate decision was also largely influenced by our attendance at their national client conference last October which provided us with the opportunity to have informative and candid conversations with numerous bankers that had selected Jack Henry Banking as their technology provider and currently use the SilverLake System to 'power' their banks."
Stan Viner, general manager of sales for Jack Henry Banking, said, "This unprecedented time in the banking industry offers some unique opportunities for community banks to take considerable market share from the nation's largest institutions. Community banks offer the personal service and the stability today's consumers are looking for. But we believe community banks' ability to retain these customers after the economic crisis will be largely based on their ability to provide a 'best of both worlds' customer experience - the service-driven, local appeal of a community bank combined with the sophisticated financial products and convenience-driven services provided by big banks. We believe institutions like Brattleboro Savings & Loan are positioning themselves for a very bright future by complementing their community bank culture with a technology platform that enables them to provide products and services that are comparable to those offered by the biggest banks in their market."
In addition to SilverLake, Brattleboro Savings & Loan will initially implement an array of Jack Henry Banking's complementary solutions including the Vertex Teller Automation System(TM), StreamLine Platform Automation(R), Synapsys(R) sales force automation, NetTeller Online Banking(TM), the goDough(R) mobile banking solution, and the jhaPassPort suite of ATM and debit card solutions.
About Brattleboro Savings & Loan
Brattleboro Savings & Loan Association, F.A. is the last remaining independent community bank headquartered in southeastern Vermont. With three offices, two in Brattleboro and one in Springfield (this using the name Springfield Savings & Loan), and assets of $180 million, Brattleboro Savings is a full service bank offering its customers deposit products, mortgage, and a full range of banking services. Brattleboro Savings promotes the principles of providing its customers with personalized service and state-of-the-art banking to meet their changing needs.
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 1,600 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 8,800 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(R) 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.
http://www.jackhenry.com
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