First Bank of Alabama Selects Jack Henry to Innovate and Propel Growth
Jack Henry (Nasdaq: JKHY) announced that First Bank of Alabama has selected their technology solutions to modernize its operations and enhance customer experience. The Talladega-based community bank, established in 1848, focuses on serving rural markets with both commercial and retail banking services. Through two significant acquisitions in the past seven years, the bank has grown from $400 million in assets and three branches to over $1.1 billion in assets and 13 branches.
Jack Henry (Nasdaq: JKHY) ha annunciato che First Bank of Alabama ha scelto le sue soluzioni tecnologiche per modernizzare le proprie operazioni e migliorare l'esperienza del cliente. La banca comunitaria con sede a Talladega, fondata nel 1848, si concentra sul servizio ai mercati rurali, offrendo sia servizi bancari commerciali che al dettaglio. Attraverso due acquisizioni significative negli ultimi sette anni, la banca è cresciuta da 400 milioni di dollari in attivo e tre filiali a oltre 1,1 miliardi di dollari in attivo e 13 filiali.
Jack Henry (Nasdaq: JKHY) anunció que First Bank of Alabama ha elegido sus soluciones tecnológicas para modernizar sus operaciones y mejorar la experiencia del cliente. El banco comunitario con sede en Talladega, fundado en 1848, se centra en atender a los mercados rurales con servicios bancarios comerciales y minoristas. A través de dos adquisiciones significativas en los últimos siete años, el banco ha crecido de 400 millones de dólares en activos y tres sucursales a más de 1.1 mil millones de dólares en activos y 13 sucursales.
잭 헨리(Jack Henry) (NASDAQ: JKHY)는 앨라배마 퍼스트 뱅크가 운영 현대화 및 고객 경험 향상을 위한 기술 솔루션을 선택했다고 발표했습니다. 1848년에 설립된 털라디가에 본사를 둔 이 지역 은행은 상업은행 및 소매은행 서비스를 통해 농촌 시장을 지원하는 데 주력하고 있습니다. 지난 7년 동안의 두 차례 주요 인수를 통해 이 은행은 자산이 4억 달러와 3개의 지점에서 11억 달러 이상의 자산과 13개의 지점으로 성장했습니다.
Jack Henry (Nasdaq: JKHY) a annoncé que First Bank of Alabama a choisi ses solutions technologiques pour moderniser ses opérations et améliorer l'expérience client. La banque communautaire située à Talladega, fondée en 1848, se concentre sur le service des marchés ruraux avec des services bancaires commerciaux et de détail. Grâce à deux acquisitions significatives au cours des sept dernières années, la banque est passée de 400 millions de dollars d'actifs et trois agences à plus de 1,1 milliard de dollars d'actifs et 13 agences.
Jack Henry (Nasdaq: JKHY) gab bekannt, dass First Bank of Alabama seine Technologielösungen ausgewählt hat, um die Abläufe zu modernisieren und das Kundenerlebnis zu verbessern. Die in Talladega ansässige Genossenschaftsbank, die 1848 gegründet wurde, konzentriert sich darauf, ländliche Märkte mit sowohl Geschäfts- als auch Einzelhandelsbankdienstleistungen zu bedienen. Durch zwei bedeutende Übernahmen in den letzten sieben Jahren ist die Bank von 400 Millionen Dollar an Vermögenswerten und drei Filialen auf über 1,1 Milliarden Dollar an Vermögenswerten und 13 Filialen gewachsen.
- Secured new client contract with First Bank of Alabama
- Client demonstrates strong growth trajectory (175% asset growth to $1.1B)
- Expansion of Jack Henry's market presence in Alabama's banking sector
- None.
Insights
The First Bank of Alabama's selection of Jack Henry's technology stack represents a strategic win in the competitive banking technology sector. With First Bank's growth from
While the deal's specific financial terms aren't disclosed, banking technology contracts typically generate recurring revenue through licensing, implementation and maintenance fees. Jack Henry's position in serving rural market-focused banks is particularly notable, as this segment represents a substantial growth opportunity with many institutions still requiring modernization.
Bank to streamline operations and enhance customer experience for commercial and retail customers
Established in 1848, First Bank of
First Bank of
"We chose Jack Henry for their effective and innovative products that will allow us to retool our operations and elevate customer service. For example, with their support, we can implement a comprehensive data strategy that will help us better anticipate our customers' financial needs and be true trusted advisors," said Mitch Key, Executive Vice President and Chief Operating Officer at First Bank of
The cultural alignment between the two organizations played a crucial role in First Bank of
Jonathan Baltzell, President of Bank Solutions at Jack Henry, said, "Historic banks like First Bank of
About Jack Henry & Associates, Inc.®
Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For more than 48 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,500 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/first-bank-of-alabama-selects-jack-henry-to-innovate-and-propel-growth-302302608.html
SOURCE Jack Henry & Associates, Inc.
FAQ
What is First Bank of Alabama's current asset size after selecting Jack Henry (JKHY)?
How many branches does First Bank of Alabama have after partnering with Jack Henry (JKHY)?
When was First Bank of Alabama established before choosing Jack Henry (JKHY)?
