Jack Henry inks deal with New England bank

Monett-based Jack Henry & Associates Inc. this month inked a deal with Brookline Bank, a Massachusetts-based financial institution with nearly $5 billion in assets.

In the deal, Brookline selected Jack Henry's SilverLake core processing system to provide enterprise-wide automation for the company. The bank will implement SilverLake and more than 13 other Jack Henry integrated complementary solutions, including ATM and debit card transaction processing platforms and an online bill paying service.

"We retained a consulting firm and conducted an extensive evaluation that identified SilverLake as the best solution for our banks, our business strategies and our customers," said James Cosman, Brookline chief operating officer, in a news release. "We believe that consolidating our operations with a robust core platform and the integrated complementary solutions Jack Henry Banking provides is a strategic component of our ongoing process and performance."

Jack Henry Banking, a division of Jack Henry & Associates Inc., provides integrated computer systems for banks ranging from upstart to mid-tier institutions. Jack Henry Banking currently serves approximately 1,500 banks.

"We welcome the opportunity to add Brookline Bank to our roster of mid-tier clients, which includes more than 20 percent of the banks with assets ranging from $1 to $20 billion," said Stan Viner, general manager of sales for Jack Henry Banking, in the release. "We look forward to providing the business tools this progressive bank needs to continually enhance its customer service and competitive position, and to improve its operating efficiencies and performance."[[In-content Ad]]