Business
First Community Bank, Sunrise Bank and Today's Bank Select Jack Henry to Accelerate Business and Retail Banking Strategies
Community banks are utilizing Jack Henry solutions to power their local economies MONETT, Mo., April 24, 2023 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY)
About this update from Jack Henry & Associates, Inc.
[{"type":"text","content":"Community banks are utilizing Jack Henry solutions to power their local economies\nMONETT, Mo., April 24, 2023 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) announced today that First Community Bank, Sunrise Bank and Today's Bank have selected Jack Henry's modern core infrastructure to provide better service to retail and business customers.\n\n \n \n \n \n \n \n\n \nMichigan-based First Community Bank, Florida-based Sunrise Bank, and Arkansas-based Today's Bank were looking for an open and flexible technology provider capable of serving their accountholders with a single, sophisticated user experience. They selected Jack Henry for its forward-looking technology vision, which will help differentiate them from other players in their communities. The banks are particularly excited about the launch of Banno Business, Jack Henry's scalable digital banking solution for businesses of all sizes, which will help them grow their business accounts with the personal approach and trust that sets them apart and becomes generally available in July 2023. \n$450-million asset First Community Bank serves both metro and rural communities across Northern Michigan, where many larger financial institutions have left consumers and businesses in need of financial support. The bank plans to grow by 10% annually for the next three years, with much of the growth concentrated on business and commercial opportunities. \"With many big banks leaving our area, we see a real opportunity to step up for our community and help people and businesses in their moment of need,\" said CEO Daniel J. Clarke. \"Jack Henry's robust technology infrastructure will help us by bringing all our systems under the same umbrella, automating processes, keeping us better connected with our customers, and improving risk management.\"\nSunrise Bank has a strong business customer base, serving small- and medium-sized companies in both metropolitan and beach town areas of Central Florida. The new leadership team of the $450-million asset bank aims to boost assets by more than 30% in the next couple of years while maintaining its personal approach and reputable customer service. \"The automation and efficiency we will gain with Jack Henry will completely transform our bank,\" said Nancy Dooley, executive vice president and chief operations officer at the bank. \"It will help us save time, ...