06/07/2011

Midland States Bank Selects Jack Henry Banking™ to Provide Enterprise-Wide Automation

$1.6 billion bank to implement the SilverLake System® through

Monett, Mo. – June 7, 2011 – Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of computer systems and electronic payment solutions primarily for financial services organizations, today announced that Midland States Bank has selected Jack Henry Banking’s SilverLake core processing system to provide enterprise-wide automation. This Illinois-based bank, which has more than $1.6 billion in assets, will implement SilverLake through Jack Henry Banking’s outsourced offering.  
 
According to Leon Holschbach, president and CEO of Midland States Bank, “After evaluating the leading providers, we believe that SilverLake provides the functionality and flexibility we need to support our business strategy.  We look forward to utilizing the enhanced functionality of this powerful suite of products.”

Stan Viner, general manager of sales for Jack Henry Banking, said, “The bankers driving Midland States Bank clearly understand the role that technology plays in their ability to capitalize on industry trends and business opportunities, to continually refine and streamline operations, and to meet evolving customer expectations.  We look forward to a long relationship with this progressive bank and welcome the opportunity to support its evolving information and transaction processing requirements with a dynamic technology platform.”  
 
In addition to SilverLake, Midland States Bank will initially implement an array of Jack Henry Banking’s complementary solutions including jhaKnow business intelligence, analysis, and reporting; ARGO DepositKeys; Vertex Teller Automation System™; Opening Act online account opening; Electronic Statements−Interactive; InTouch Voice Response®; components of the jhaPassPort ATM and debit card platform; components of the modular Synergy™ Enterprise Content Management (ECM) solution; the Yellow Hammer™ fraud detection and prevention suite; Smart GL general ledger reconciliation and compliance; 4|sight™ Item Imaging; and jXchange™ for open connectivity with third-party products.