First Mid Bank & Trust Chooses Jack Henry to Power Growth
Jack Henry (NASDAQ: JKHY) has been selected by First Mid Bank & Trust to modernize its technology infrastructure. First Mid, a $8 billion-asset bank with over 80 branches across Illinois, Missouri, Texas, and Wisconsin, will implement Jack Henry's core processing platform to enhance operational efficiency and support its expansion strategy.
The partnership will provide First Mid access to Jack Henry's open ecosystem with over 950 API-integrated fintechs, enabling automation of manual tasks, streamlined workflows, and improved data management. The implementation aligns with First Mid's aggressive growth strategy, which includes both acquisitions and organic growth across the Midwest region.
Jack Henry (NASDAQ: JKHY) è stata scelta da First Mid Bank & Trust per modernizzare la sua infrastruttura tecnologica. First Mid, una banca con asset da 8 miliardi di dollari e oltre 80 filiali in Illinois, Missouri, Texas e Wisconsin, implementerà la piattaforma di elaborazione centrale di Jack Henry per migliorare l'efficienza operativa e supportare la sua strategia di espansione.
La partnership offrirà a First Mid l'accesso all'ecosistema aperto di Jack Henry con oltre 950 fintech integrate tramite API, consentendo l'automazione delle attività manuali, flussi di lavoro più efficienti e una migliore gestione dei dati. L'implementazione è in linea con la strategia di crescita aggressiva di First Mid, che include sia acquisizioni sia crescita organica nella regione del Midwest.
Jack Henry (NASDAQ: JKHY) ha sido seleccionada por First Mid Bank & Trust para modernizar su infraestructura tecnológica. First Mid, un banco con activos por 8 mil millones de dólares y más de 80 sucursales en Illinois, Missouri, Texas y Wisconsin, implementará la plataforma central de procesamiento de Jack Henry para mejorar la eficiencia operativa y apoyar su estrategia de expansión.
La asociación brindará a First Mid acceso al ecosistema abierto de Jack Henry con más de 950 fintech integradas mediante API, lo que permitirá la automatización de tareas manuales, flujos de trabajo optimizados y una mejor gestión de datos. La implementación está alineada con la agresiva estrategia de crecimiento de First Mid, que incluye adquisiciones y crecimiento orgánico en la región del Medio Oeste.
Jack Henry (NASDAQ: JKHY)가 First Mid Bank & Trust의 기술 인프라 현대화를 위해 선정되었습니다. First Mid는 80개 이상의 지점을 보유한 80억 달러 자산 은행으로 일리노이, 미주리, 텍사스, 위스콘신에 걸쳐 있으며, 운영 효율성 향상과 확장 전략 지원을 위해 Jack Henry의 핵심 처리 플랫폼을 도입할 예정입니다.
이번 파트너십을 통해 First Mid는 950개 이상의 API 통합 핀테크가 포함된 Jack Henry의 개방형 생태계에 접근할 수 있게 되어 수작업 자동화, 워크플로우 간소화, 데이터 관리 개선이 가능해집니다. 이 도입은 인수와 유기적 성장을 포함한 First Mid의 공격적인 중서부 지역 성장 전략과 일치합니다.
Jack Henry (NASDAQ : JKHY) a été choisi par First Mid Bank & Trust pour moderniser son infrastructure technologique. First Mid, une banque disposant de 8 milliards de dollars d'actifs et de plus de 80 agences réparties dans l'Illinois, le Missouri, le Texas et le Wisconsin, mettra en œuvre la plateforme de traitement central de Jack Henry afin d'améliorer l'efficacité opérationnelle et de soutenir sa stratégie d'expansion.
Ce partenariat offrira à First Mid l'accès à l'écosystème ouvert de Jack Henry, comprenant plus de 950 fintech intégrées via API, permettant l'automatisation des tâches manuelles, la simplification des flux de travail et une meilleure gestion des données. Cette mise en œuvre s'inscrit dans la stratégie de croissance agressive de First Mid, qui inclut à la fois des acquisitions et une croissance organique dans la région du Midwest.
Jack Henry (NASDAQ: JKHY) wurde von First Mid Bank & Trust ausgewählt, um deren technologische Infrastruktur zu modernisieren. First Mid, eine Bank mit Vermögenswerten in Höhe von 8 Milliarden US-Dollar und über 80 Filialen in Illinois, Missouri, Texas und Wisconsin, wird die Kernverarbeitungsplattform von Jack Henry implementieren, um die operative Effizienz zu steigern und die Expansionsstrategie zu unterstützen.
Die Partnerschaft ermöglicht First Mid den Zugang zu Jack Henrys offenem Ökosystem mit über 950 API-integrierten Fintechs, was die Automatisierung manueller Aufgaben, optimierte Arbeitsabläufe und verbesserte Datenverwaltung ermöglicht. Die Implementierung entspricht der aggressiven Wachstumsstrategie von First Mid, die sowohl Akquisitionen als auch organisches Wachstum in der Midwest-Region umfasst.
- Access to extensive network of 950+ API-integrated fintech solutions
- Technology modernization through public cloud service components
- Platform scalability supporting both organic and acquisition-based growth
- Improved operational efficiency through automation and streamlined workflows
- Significant technology infrastructure transition may require substantial resources
- Integration challenges with existing systems during implementation
Insights
Jack Henry secures nearly $8B-asset First Mid Bank as client, strengthening its competitive position in bank technology modernization.
Jack Henry (JKHY) has secured a significant client win with First Mid Bank & Trust, a financial institution with nearly
This deal holds strategic importance for Jack Henry in three key dimensions. First, it demonstrates the company's continued ability to win substantial financial institutions pursuing technological transformation. Second, it validates Jack Henry's technology modernization strategy focused on public cloud deployment. Third, it strengthens Jack Henry's position in serving mid-sized regional banks - a crucial market segment experiencing significant consolidation.
First Mid Bank's decision highlights several competitive advantages in Jack Henry's offering. The bank specifically cited Jack Henry's configurable technology, open architecture with access to over 950 API-integrated fintechs, and cultural alignment as decisive factors. The emphasis on automation and process efficiency suggests this implementation will likely involve multiple Jack Henry solutions beyond core processing.
For Jack Henry, this win represents more than just a new logo - it provides recurring revenue from a growing institution with a demonstrated appetite for acquisition. First Mid's expanding footprint across Illinois, Missouri, Texas, and Wisconsin, coupled with its diversification into insurance and wealth management, suggests significant potential for cross-selling additional Jack Henry services as the bank continues to scale.
Scalable, data-centric platform will support nearly
Founded in 1865 and with nearly
To sustain this growth and remain competitive, First Mid sought a scalable and flexible technology foundation. Jack Henry's core processing platform and data-centric approach will help reduce manual tasks, streamline workflows, and gain greater control over how customer data is captured, accessed, and managed. Jack Henry's open ecosystem and access to over 950 API-integrated, third-party fintechs will allow the bank to select the best technology for its needs and further differentiate in the marketplace.
"Our growth has been exciting, but it also showed us that we needed to modernize our technology stack," said Jeremy Frieburg, Chief Information Officer at First Mid. "We were looking for a provider that could integrate seamlessly with our systems and automate processes so we could better serve our customers. Jack Henry stood out with its configurable technology, open architecture, strong cultural alignment, and reputation for reliable service. Most importantly, it frees our teams to innovate and experiment in ways we couldn't before."
Jack Henry's technology modernization strategy, which makes modern service components available for financial institutions in the public cloud, will offer a real advantage for the bank as it continues to grow organically and through strategic acquisitions. Frieburg continued, "Jack Henry isn't just talking about modernization – they're already doing it, and their scalable, future-ready platform gives us confidence that they will grow right alongside us."
"A long-standing institution like First Mid needs modern, flexible technology to stay competitive in a fast-changing environment and to continue building on its legacy of growth", said Jonathan Baltzell, President of Bank Solutions at Jack Henry. "We're proud to support the bank's evolution and accelerate innovation while helping them stay true to deep community roots."
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 nearly 50 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.
About First Mid Bancshares, Inc.: First Mid Bancshares, Inc. is the parent company of First Mid Bank & Trust, N.A., First Mid Insurance Group, and First Mid Wealth Management Company. First Mid is a
Investments and Insurance Products: Not a Deposit | Not Guaranteed by the Bank or its Affiliates | Not FDIC Insured | Not Insured by Any Federal Government Agency | May Go Down in Value.
View original content to download multimedia:https://www.prnewswire.com/news-releases/first-mid-bank--trust-chooses-jack-henry-to-power-growth-302498028.html
SOURCE Jack Henry & Associates, Inc.
FAQ
What technology partnership did Jack Henry (JKHY) announce with First Mid Bank?
How many fintech integrations does Jack Henry's platform offer to First Mid Bank?
What is First Mid Bank's current asset size and branch network?
How will Jack Henry's technology benefit First Mid Bank's operations?
What cloud capabilities does Jack Henry offer to First Mid Bank?
