New Century Bancorp Selects Jack Henry Banking(TM) to Provide Enterprise-Wide Automation
06 Agosto 2009 - 9:00AM
PR Newswire (US)
- $600 Million Bank to Install the SilverLake System(R) through
Jack Henry Banking's Outsourced Offering - MONETT, Mo., Aug. 6
/PRNewswire-FirstCall/ -- Jack Henry & Associates, Inc.
(NASDAQ:JKHY), a leading provider of integrated technology
solutions and data processing services for financial institutions,
today announced that New Century Bancorp (NASDAQ:NCBC), the holding
company for New Century Bank, has selected Jack Henry Banking as
its technology partner and the SilverLake System as its technology
platform. This North Carolina-based bank, which has more than $600
million in assets, will implement SilverLake through Jack Henry
Banking's outsourced offering. William L. Hedgepeth II, president
and CEO of New Century Bank, said, "The decision to select Jack
Henry Banking's SilverLake System was driven by our need to partner
with a firm that could provide the level of service we need and our
customers demand from us. References played an important role in
the process. Several years ago we purchased a small bank that was
automated by Jack Henry Banking's CIF 20/20 core system and the
employees raved about Jack Henry Banking's service and support, as
well as their integrated products and services. We also know some
strong banks that are automated by the company's technology
platforms. These respected bankers validated our opinions about the
way Jack Henry Banking does business, the way it supports its
clients, and the functionality that its core and complementary
systems provide." According to Lisa F. Campbell, EVP, COO, and CFO
of New Century Bank, "We made the decision to convert to a new
technology platform based on several strategic goals. First, our
bankwide focus on sales and service will be more streamlined with
the new system, enabling us to eliminate some manual processes and
to use new, automated tools for cross-sell and service
opportunities and to track our success, including customer
profitability. Second, the system will allow us to integrate
solutions in order to reach our efficiency goals. And finally, we
believe our ability to gain new retail and commercial deposits and
increase market share among small- and mid-sized businesses depends
on more sophisticated loan and deposit applications, as well as
value-added products such as remote deposit capture." Tony
Wormington, president of Jack Henry & Associates, said, "We are
confident that the ability to leverage the functionality and
flexibility of SilverLake will enable New Century Bank to optimize
its business strategy, continually enhance its customers'
experience and its staff's productivity, and proactively capitalize
on the trends that are shaping the banking industry. We believe
this bank's SilverLake decision will be its last core technology
decision and we look forward to a long, successful relationship
with this growth-focused bank." New Century Bank currently uses
PROFITstar ALM/Budgeting, the asset/liability management and
budgeting system provided by Jack Henry & Associates'
ProfitStars division. In addition to SilverLake, New Century Bank
will initially implement an array of Jack Henry Banking's
complementary solutions including the Vertex Teller Automation
System(TM), StreamLine Platform Automation , the Synapsys sales
force automation and marketing solution, the Cognos 8 BI Web-based
report generation solution, NetTeller Online Banking(TM), NetTeller
Cash Management(TM), the DirectLine(TM) OFX Internet banking
solution for PC-based financial management systems, Opening Act
online account opening solution for deposits and loans, Electronic
Statements-Interactive electronic generation and delivery of
customer communications, the InTouch Voice Response telephone
banking solution, Remote Deposit Capture, the Bounce Protection
overdraft privilege solution, the Relationship Profitability
Management (RPM) enterprise-wide profitability solution, the Margin
Maximizer Suite of loan and deposit pricing solutions, modules of
the Synergy(TM) Enterprise Content Management (ECM) solution, the
Yellow Hammer(TM) suite of fraud detection and prevention
solutions, Outlink branch capture and item processing services,
Check 21 solutions, jhaPassPort Direct outsourced ATM driving and
real-time transaction authorization, Enhanced Account Analysis
account ROI assessment solution, Regulatory Reporting Solutions
electronic FDIC reporting systems, Enterprise Conversion Solutions
image and data conversion solutions, and Intellix Consulting
operational assessments. 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 de novo to mid-tier institutions. Jack Henry Banking currently
serves approximately 1,600 banks as a single source for integrated,
enterprise-wide automation and as a single point of contact and
support. Additional information is available at
http://www.jackhenrybanking.com/. About Jack Henry &
Associates, Inc. Jack Henry & Associates, Inc. (NASDAQ:JKHY) is
a leading provider of computer systems and ATM/debit card/ACH
transaction processing services primarily for financial services
organizations. Its technology solutions serve more than 8,800
customers nationwide, and are marketed and supported through three
primary brands. Jack Henry Banking supports banks ranging from de
novo to mid-tier institutions with information processing
solutions. Symitar(TM) is the leading provider of information
processing solutions for credit unions of all sizes. ProfitStars
provides highly specialized products and services that enable
financial institutions of every asset size and charter, and diverse
corporate entities to mitigate and control risks, optimize revenue
and growth opportunities, and contain costs. Additional information
is available at http://www.jackhenry.com/. 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. DATASOURCE: Jack
Henry & Associates, Inc. CONTACT: Analysts, Kevin D. Williams,
Chief Financial Officer, or Investors, Jon Seegert, Director of
Investor Relations, both of Jack Henry & Associates, Inc.,
+1-417-235-6652 Web Site: http://www.jackhenry.com/
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