CorTrust Bank Selects Jack Henry to Provide for Local Communities with Competitive, Flexible Offerings
Jack Henry (Nasdaq: JKHY) announced that CorTrust Bank, a $1.5 billion-asset bank with 37 locations in South Dakota and Minnesota, selected Jack Henry's integrated core processing, Banno Digital Platform, and JHA Card Processing Solutions.
Rhea-AI Summary
Jack Henry (Nasdaq: JKHY) announced that CorTrust Bank, a $1.5 billion-asset bank with 37 locations in South Dakota and Minnesota, selected Jack Henry's integrated core processing, Banno Digital Platform, and JHA Card Processing Solutions.
The open, flexible platform is expected to automate manual processes, improve efficiency, unify card services, and support CorTrust Bank's long-term growth and community-focused strategy.
Details
News Market Reaction – JKHY
On Jun 15, the day this news came out, JKHY closed 1.65% above the previous close.
Data tracked by StockTitan Argus for the Jun 15 session.
Key Figures
- CorTrust assets
- $1.5 billion
- CorTrust Bank total assets mentioned in article
- Bank assets
- $1.5 billion
- CorTrust Bank described as $1.5 billion-asset bank
- Branch locations
- 37 locations
- CorTrust Bank footprint across South Dakota and Minnesota
- Employee count
- over 250 employees
- CorTrust Bank staffing across both states
- Third-party fintechs
- more than 1,000
- Integrations available in Jack Henry’s open ecosystem
- Founding year
- 1930
- Year CorTrust Bank was founded in Mitchell, South Dakota
Historical Context
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Planned retirement of Board Chair David Foss and succession by Matt Flanigan.
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Aeropay integration using Jack Henry embedded payments and orchestration technology.
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Leadership participation in multiple June investor conferences with webcast access.
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Selection by Woodforest National Bank as modern core platform, largest core signing to date.
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Recognition as a 2026 Best Place to Work in Financial Technology, highlighting scale and culture.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Founded in 1930 in
As CorTrust Bank evaluated its long-term technology strategy, flexibility, integration capabilities, and customer experience were key priorities. Moving to Jack Henry's core processing platform will automate manual processes and streamline workflows, allowing employees to spend less time on operational tasks and more time serving customers. The Banno Digital Platform™ will deliver a more modern and customizable digital banking experience across both retail and business accounts. And, through Banno, JHA Card Processing Solutions™ (CPS) will unify debit and credit card services, creating a more consistent experience across channels and devices.
"We were seeing customers expect more personalized and connected banking experiences, and we knew we needed technology that would allow us keep pace," said Jack Hopkins, President and CEO of CorTrust Bank. "What stood out about Jack Henry was how seamlessly the platform works together. Everything from core to digital banking and card services is much more connected, creating a better experience for customers and allowing our employees to focus less on cumbersome work and more on serving our communities."
Jack Henry's open ecosystem, which offers integrations with more than 1,000 third-party fintechs, also played an important role in CorTrust Bank's decision. "Banking is evolving quickly, and no single provider can deliver every solution customers expect today,"
"For nearly 100 years, CorTrust Bank has combined community banking values with a forward-looking approach to growth," said Jonathan Baltzell, President of Bank Solutions at Jack Henry. "Our platform gives the bank the flexibility, efficiency, and integration capabilities needed to continue evolving alongside customer expectations."
About Jack Henry & Associates, Inc.®
Jack Henry® (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.
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SOURCE Jack Henry & Associates, Inc.
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