Source: Jack Henry & Associates
Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated computer systems and ATM/debit card/ACH transaction processing, today announced that Illinois-based Alpine Bancorporation, Inc. has selected Jack Henry to provide an in-house core processing platform and multiple fully integrated complementary solutions.
This $717 million bank holding company will install Jack Henry's SilverLake System to automate Alpine Bank of Illinois (Rockford, Illinois) and The Belvidere National Bank and Trust Company (Belvidere, Illinois).
According to John Vanderheyden, executive vice president, "We determined that we could improve our operational control and more effectively contain costs by discontinuing our long-term outsourcing arrangement and moving our information processing in-house. After an extensive evaluation of the top- tier in-house systems, we selected Jack Henry's SilverLake System. We expect that in-house processing with this robust core system and the scalable IBM System i hardware platform will support our initial goals of enhancing operating control and better containing costs, while enabling us to more proactively deploy new technology in response to evolving customer and market demands. We also believe the extensive suite of complementary solutions that Jack Henry provides will enable us to seamlessly support our evolving business strategy and to compete aggressively in the marketplace."
Stan Viner, general manager of sales for Jack Henry & Associates, said, "We are confident that SilverLake's broad core functionality and integration with about 100 complementary products and services will support the near- and long-term technology requirements of Alpine Bank and The Belvidere National Bank and Trust Company. It is especially rewarding when progressive organizations like Alpine Bancorporation entrust Jack Henry to provide the business tools and day-to-day support they need to effectively and efficiently serve their customers, to successfully attract new customers, and to capitalize on the trends that continually evolve the banking industry. We appreciate the confidence that Alpine Bancorporation has placed in our technology and in the way we do business, and expect this is the beginning of an outstanding relationship."