MONETT, Mo., July 7, 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 Community Bank, NA has selected Jack Henry Banking as its technology partner and the SilverLake System as its technology platform. This New York-based bank, which has more than $5.3 billion in assets, will install SilverLake in-house.
According to Mike Wilson, chief technology officer of Community Bank, NA, "We understand the essential role that technology plays in providing superior service capabilities and in supporting our nationally recognized customer satisfaction rankings. Our evaluation process was supported by a leading consulting firm and included multiple core system products and providers. Our new technology system, the SilverLake System from Jack Henry Banking, is an 'in-house' platform that we anticipate implementing in the latter half of 2010. We expect this important strategic investment will deliver high-value benefit to our customers and our shareholders through improved operational and customer service capabilities and lower operating costs."
Tony Wormington, president of Jack Henry & Associates, said, "We are excited to once again expand our presence among mid-tier banks by adding this progressive growth- and service-focused bank to our client roster. We believe SilverLake provides the functionality that Community Bank needs to support its business near- and long-term, and we are confident in the change management process we have in place to transition the bank's move from outsourced processing to in-house operations. Since technology plays a mission-critical role in every bank's success in the highly competitive financial services industry, we believe Jack Henry Banking is well positioned to provide the business tools that large and small banks need to attract, serve, and retain their customers; and to optimize their business strategies."
About Community Bank, NA
Headquartered in DeWitt, N.Y., Community Bank System, Inc. has $5.3 billion in assets and over 150 customer facilities across Upstate New York, where it operates as Community Bank, N.A., and Northeastern Pennsylvania, where it is known as First Liberty Bank & Trust. Its other subsidiaries include: Benefit Plans Administrative Services, Inc., an employee benefits administration and consulting firm with offices in Upstate New York, Pittsburgh and Philadelphia, Pennsylvania and Houston, Texas; the CBNA Insurance Agency, with offices in three northern New York communities; Community Investment Services, a broker-dealer delivering financial products throughout the company's branch network; and Nottingham Advisors, a wealth management and advisory firm with offices in Buffalo, N.Y., and North Palm Beach, Florida. For more information, visit: www.communitybankna.com or www.firstlibertybank.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 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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