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Jack Henry Banking Adds 5 Core Processing ClientsFeb 10, 2012 (Close-Up Media via COMTEX) -- Jack Henry Banking, a division of Jack Henry & Associates, Inc., announced that during an eight month period, five mid-tier banks, defined as banks with $1 billion to $20 billion in assets, selected its SilverLake core processing system to provide enterprise-wide automation. According to a release, all five institutions are replacing existing legacy systems provided by other vendors. Four of the banks will be operating in an outsourced environment and one will install the system in-house. The recent additions to the company's roster of mid-tier banks include previously announced UniBank based in Whitinsville, Mass.; Brookline Bank based in Brookline, Mass.; Midland States Bank based in Effingham, Ill.; and two additional banks pending public announcements. Stan Viner, general manager of sales for Jack Henry Banking, said, "These are important additions to our client roster and demonstrate that core decisions are being made within the mid-tier market. Banks are quickly recognizing the value in replacing outdated, disparate systems with a tightly integrated infrastructure. For most mid-tier institutions, replacing existing legacy systems is more cost-efficient than the costs associated with maintaining and updating existing systems." Jack Henry Banking is a provider of integrated computer systems for banks ranging from de novo to mid-tier institutions Jack Henry & Associates is a provider of computer systems and electronic payment solutions primarily for financial services organizations. More Information: www.jackhenrybanking.com ((Comments on this story may be sent to [email protected])) |