MONETT, Mo., June 7, 2011 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY), a leading provider of computer systems and electronic payment solutions primarily for financial services organizations, today announced that Midland States Bank has selected Jack Henry Banking's SilverLake core processing system to provide enterprise-wide automation. This Illinois-based bank, which has more than $1.6 billion in assets, will implement SilverLake through Jack Henry Banking's outsourced offering.
According to Leon Holschbach, president and CEO of Midland States Bank, "After evaluating the leading providers, we believe that SilverLake provides the functionality and flexibility we need to support our business strategy. We look forward to utilizing the enhanced functionality of this powerful suite of products."
Stan Viner, general manager of sales for Jack Henry Banking, said, "The bankers driving Midland States Bank clearly understand the role that technology plays in their ability to capitalize on industry trends and business opportunities, to continually refine and streamline operations, and to meet evolving customer expectations. We look forward to a long relationship with this progressive bank and welcome the opportunity to support its evolving information and transaction processing requirements with a dynamic technology platform."
In addition to SilverLake, Midland States Bank will initially implement an array of Jack Henry Banking's complementary solutions including jhaKnow business intelligence, analysis, and reporting; ARGO DepositKeys; Vertex Teller Automation System™; Opening Act online account opening; Electronic Statements−Interactive; InTouch Voice Response®; components of the jhaPassPort ATM and debit card platform; components of the modular Synergy™ Enterprise Content Management (ECM) solution; the Yellow Hammer™ fraud detection and prevention suite; Smart GL general ledger reconciliation and compliance; 4|sight™ Item Imaging; and jXchange™ for open connectivity with third-party products.
About Midland States Bancorp, Inc.
Midland States Bancorp, Inc. is a community-based bank holding company headquartered in Effingham, Illinois, and is the sole shareholder of its subsidiary, Midland States Bank ("Midland"). Established in 1881, Midland remains a locally owned and operated community bank, providing a full range of commercial and consumer banking products, trust and investment management, insurance, and financial planning services.
Midland operates banking offices in Effingham, Centralia, Farina, Greenville, Vandalia, Columbia, Freeburg, Hecker, Joliet, Smithton, Waterloo, Champaign, Dixon, Mendota, Princeton, Peru, Oregon, Sterling, Rock Falls, and Freeport, Illinois, and in Chesterfield, Missouri. In addition, Midland has a Rockford, Illinois office dedicated to serving it wealth management clients. For more information, please visit the company's website at www.midlandstatesbank.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 1,500 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 11,200 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.
