This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Libertyville Savings Bank And Farmers State Bank Select Jack Henry Banking To Provide Enterprise-Wide Automation

MONETT, Mo., Dec. 18, 2012 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking ® division announced today that Iowa-based Libertyville Savings Bank and Minnesota-based Farmers State Bank have selected its Core Director ® core processing platform to provide enterprise-wide automation. Both banks will implement Core Director through Jack Henry Banking's outsourced offering.       

Core Director is a Windows ®-based solution that provides customizable core functionality that is fully integrated with approximately 110 complementary products and services. Core Director provides point-and-click operation; an extremely flexible browser user interface that can be customized to support unique user preferences and specific functional requirements; open architecture and connectivity to third-party products; in-house and outsourced implementation; and a highly scalable, cost-effective hardware platform.

Libertyville Savings Bank is based in Fairfield, Iowa and has approximately $195 million in assets. According to Ryan Troutman, the bank's CFO, "We have processed in-house for approximately 25 years on the same core system. Today, Libertyville Savings Bank is a very well capitalized community bank with a progressive management team that is capable and ready to take us to the next level. As our bank, our markets, our customers, and the banking industry at large evolved and progressed, we knew that implementing and optimizing our long-term business plan would require a state-of-the-art technology and delivery platform. We invested several months in a thorough and thoughtful evaluation of technology alternatives and after comprehensive product demos, visits, and calls with existing system users, we were convinced that Core Director and its integrated complementary solutions will provide the business and banking tools we need to execute our strategy and meet our growth and efficiency goals. We also appreciate how Jack Henry Banking does business and the strong service culture we share."

Farmers State Bank is based in Underwood, Minn. and has approximately $46 million in assets. According to Kellen Shebeck, the bank's senior vice president, "We are a family-owned bank with a strong history and reputation in the communities we serve. The decision to replace our long-time in-house system was motivated by our need for a new technology platform that would enable us to keep pace with the changing banking and business environment, puts leading-edge functionality at our fingertips, and provides continual enhancements and updates so we can be assured that our system will not become obsolete. We currently use several of the solutions provided by Jack Henry & Associates' ProfitStars division so we have first-hand experience with the company's service, culture and outstanding support staff. We have a very high level of trust in the company, its people, and its products and services."

According to Stan Viner, general manager of sales for Jack Henry Banking, "It is always rewarding to add new banks to our client roster after they have performed comprehensive and smart evaluations of our company, our solutions, and the competitive alternatives. We believe that moving to Core Director and outsourcing after decades of in-house processing will be important milestones for these forward-thinking banks. These banks clearly understand the near- and long-term value that contemporary, dynamic technology will deliver as well as the operational and efficiency improvements and cost savings they will realize in our outsourced environment."

About Libertyville Savings Bank

Libertyville Savings Bank is a family-owned bank that was established in 1901. With four locations in three counties in the Southeast corner of Iowa, the bank is known for having fun as it supports several communities with a staff of extraordinary tenure in a family-like atmosphere. Additional information is available at

About Farmers State Bank

Farmers State Bank is locally-owned, independent community bank. It has two locations to better serve its customers. Its main office is located in Underwood, Minn. and its branch is located in Dalton, Minn. Its officers, directors, and staff all live and work in its local communities. At Farmers State Bank, customers are treated with friendly, personal service, from people who value their business. Additional information is available at .

About Jack Henry Banking

Jack Henry Banking, a division of Jack Henry & Associates, Inc., is a leading provider of integrated computer systems for banks ranging from community banks to mid-tier institutions. Jack Henry Banking currently serves more than 1,300 banks as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information is available at

About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. ® (NASDAQ: JKHY) is a leading provider of computer systems and electronic payment solutions primarily for financial services organizations. Its technology solutions serve more than 11,900 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking ® supports banks ranging from community to mid-tier institutions with information processing solutions.  Symitar ® is the leading provider of information processing solutions for credit unions of all sizes.  ProfitStars ® provides best-of-breed solutions that enhance the performance of domestic and international financial institutions of all asset sizes and charters using any core processing system, as well as diverse corporate entities. Additional information is available at

Statements made in this news release that are not historical facts are forward-looking information.  Actual results may differ materially from those projected in any forward-looking information.  Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information.  Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements.  Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.

SOURCE Jack Henry & Associates, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs