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$3.3B firm signs on with Jack Henry

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Jack Henry & Associates Inc. (Nasdaq: JKHY)’s shares traded near a 52-week high this morning as the company announced the signing of a client with $3.3 billion in assets.

Omaha, Nebraska-based American National Bank selected Jack Henry Banking’s SilverLake system for processing services. The company with 550 employees in Nebraska, Iowa and Minnesota chose the Jack Henry system to replace its 37-year core provider, according to a news release.

American National will use the Jack Henry services for bill paying, treasury management, commercial loan functionality and a mobile app for customers.

“It is an opportunity to create a new set of best practices — a complete operational overhaul that will revitalize the customer and employee experience,” American National Bank Chief Information Officer Mike Bauer said in the release. “We anticipate that this fresh way of banking will attract new talent and encourage new leadership to rise from within the bank as well."

Monett-based Jack Henry’s client base includes more than 1,100 banks, according to the release.

JKHY shares were trading at $103.63 as of 10:05 a.m., compared with a 52-week range of $79 to $106.46.

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