Mercantile Bank Selects Jack Henry for Focus on Innovation and Growth
Jack Henry (NASDAQ: JKHY) has been selected by Mercantile Bank, Michigan's largest community bank with $6.2 billion in assets, to modernize its technology infrastructure. The partnership follows a comprehensive two-year evaluation process involving over 60 stakeholders.
Mercantile Bank, operating nearly 50 locations statewide, will implement Jack Henry's core processing platform and Enterprise Workflow solution to enhance operations, automate processes, and improve system integration. The bank aims to support its expansion strategy across Michigan, particularly in Detroit, Eastern Michigan, and the Lakeshore regions.
Jack Henry (NASDAQ: JKHY) è stato scelto da Mercantile Bank, la maggiore banca comunitaria del Michigan con 6,2 miliardi di dollari in attività, per modernizzare la sua infrastruttura tecnologica. La partnership si è basata su un completo processo di valutazione di due anni che ha coinvolto oltre 60 stakeholder.
Mercantile Bank, operante in quasi 50 sedi in tutto lo stato, adotterà la piattaforma di elaborazione core di Jack Henry e la soluzione Enterprise Workflow per ottimizzare le operazioni, automatizzare i processi e migliorare l'integrazione di sistema. La banca mira a sostenere la sua strategia di espansione in Michigan, con particolare attenzione a Detroit, all'Est Michigan e alle regioni delle Lakeshore.
Jack Henry (NASDAQ: JKHY) ha sido seleccionado por Mercantile Bank, el banco comunitario más grande de Michigan con 6.2 mil millones de dólares en activos, para modernizar su infraestructura tecnológica. La asociación sigue a un proceso de evaluación exhaustivo de dos años que involucró a más de 60 partes interesadas.
Mercantile Bank, que opera en casi 50 ubicaciones en todo el estado, implementará la plataforma de procesamiento central de Jack Henry y la solución Enterprise Workflow para mejorar las operaciones, automatizar procesos y mejorar la integración del sistema. El banco busca respaldar su estrategia de expansión en Michigan, especialmente en Detroit, el este de Michigan y las regiones de Lakeshore.
Jack Henry (NASDAQ: JKHY)가 미시간 주 최대 규모의 커뮤니티 뱅크인 Mercantile Bank로부터 기술 인프라를 현대화하기 위한 선택을 받았습니다. 자산은 62억 달러에 달합니다. 60명 이상의 이해관계자가 참여한 포괄적인 2년 평가 과정이 이어졌습니다.
약 주 전역에 50개 지점을 운영하는 Mercantile Bank는 Jack Henry의 핵심 처리 플랫폼과 Enterprise Workflow 솔루션을 도입해 운영을 개선하고, 프로세스를 자동화하며, 시스템 통합을 강화할 예정입니다. 은행은 디트로이트, 동부 미시간, Lakeshore 지역을 중심으로 미시간 전역으로의 확장을 지원하는 전략을 추진하고자 합니다.
Jack Henry (NASDAQ: JKHY) a été sélectionné par Mercantile Bank, la plus grande banque communautaire du Michigan, avec 6,2 milliards de dollars d'actifs, pour moderniser son infrastructure technologique. Le partenariat s'inscrit dans un processus d'évaluation complet sur deux ans impliquant plus de 60 parties prenantes.
Mercantile Bank, qui opère près de 50 agences à l'échelle de l'État, mettra en œuvre la plateforme de traitement central de Jack Henry et la solution Enterprise Workflow pour améliorer les opérations, automatiser les processus et renforcer l'intégration des systèmes. La banque vise à soutenir sa stratégie d'expansion à travers le Michigan, en particulier à Detroit, dans l'est du Michigan et dans les régions Lakeshore.
Jack Henry (NASDAQ: JKHY) wurde von Mercantile Bank, der größten kommunalen Bank Michigans, mit 6,2 Milliarden US-Dollar an Vermögenswerten ausgewählt, um seine IT-Infrastruktur zu modernisieren. Die Partnerschaft folgt auf einen umfassenden zwei Jahre dauernden Evaluationsprozess, an dem mehr als 60 Stakeholder beteiligt waren.
Mercantile Bank, das landesweit fast 50 Standorte betreibt, wird Jack Henrys Kernverarbeitungsplattform und die Enterprise-Workflow-Lösung implementieren, um Abläufe zu optimieren, Prozesse zu automatisieren und die Systemintegration zu verbessern. Die Bank will ihre Expansionsstrategie in Michigan unterstützen, insbesondere in Detroit, im Osten von Michigan und in den Lakeshore-Regionen.
Jack Henry (NASDAQ: JKHY) اختيرت من قبل Mercantile Bank، أكبر بنك مجتمعي في ميشيغان، وبرصيد 6.2 مليار دولار من الأصول، من أجل تحديث بنيته التحتية التكنولوجية. تأتي الشراكة بعد عملية تقييم شاملة لمدة عامين شارك فيها أكثر من 60 من أصحاب المصالح.
تدير Mercantile Bank، التي تشغّل نحو 50 فرعاً في الولاية، منصة المعالجة الأساسية لـ Jack Henry وحل Enterprise Workflow لتحسين العمليات، وأتمتة الإجراءات، وتحسين تكامل النظام. تسعى البنك إلى دعم استراتيجيتها للتوسع في ميشيغان، خاصة في ديترويت وشرق ميشيغان ومناطق Lakeshore.
Jack Henry (NASDAQ: JKHY) 已被 Mercantile Bank（密歇根州最大的社区银行，资产总额为 62亿美元）选中，用于现代化其技术基础设施。该合作建立在一个涉及超过60名利益相关者的全面两年评估过程之上。Mercantile Bank 在全州运营近 50 个网点，将实施 Jack Henry 的核心处理平台和 Enterprise Workflow 解决方案，以提升运营、实现流程自动化并改善系统集成。该银行旨在在密歇根扩张，特别是在底特律、密歇根州东部和 Lakeshore 地区推进扩张战略。
- Selection by Michigan's largest community bank ($6.2B in assets) demonstrates Jack Henry's competitive advantage
- Strategic partnership provides recurring revenue opportunity through core processing and workflow solutions
- Deal validates Jack Henry's technology capabilities after rigorous 2-year evaluation process
- Long implementation cycles for core banking systems could delay revenue recognition
- Significant resources required for system integration and customer onboarding
Insights
Jack Henry wins significant contract with $6.2B Mercantile Bank, showcasing competitive advantage in banking technology solutions.
The partnership with Mercantile Bank represents a significant client acquisition for Jack Henry, securing Michigan's largest community bank with
The deal encompasses Jack Henry's core processing platform and Enterprise Workflow solution, positioning the company to capture a substantial technology relationship with a growing financial institution. Mercantile's strategy involves both organic growth and acquisitions, suggesting expanding revenue potential for Jack Henry as the bank executes its expansion plans across Michigan markets including Detroit, Eastern Michigan, and the Lakeshore.
This client win validates Jack Henry's technology differentiation in the competitive banking solutions market. The bank specifically cited Jack Henry's "open, scalable technology" as a key selection factor, reinforcing the company's product market fit. Additionally, the cultural alignment mentioned by Mercantile's COO suggests potential for a durable, long-term relationship that could yield stable recurring revenue for Jack Henry beyond initial implementation.
Founded in 1997 by a group of entrepreneurial bankers in
To better serve existing customers and support growth, Mercantile chose Jack Henry's highly configurable core processing platform to advance operations, automate manual processes, and improve system integration. This will be supported by Jack Henry's Enterprise Workflow solution to help the bank increase efficiency, accuracy, and timeliness.
"Following a rigorous two-year evaluation process involving over 60 stakeholders, we selected Jack Henry as our technology provider for their open, scalable technology, and culture," said Scott Setlock, Chief Operating Officer at Mercantile Bank. "Their expertise and commitment to delivering results gives us confidence that they will fully support our long-term growth plans – namely continuing our organic growth, expanding into new markets, and pursuing acquisitions that are the right strategic fit for our bank."
Mercantile Bank was drawn to Jack Henry's commitment to client success. "Jack Henry's approach mirrors the way we treat our customers," Setlock added. "We share Midwestern values and a mission-driven mindset, which makes Jack Henry an ideal fit for Mercantile to help our customers achieve their financial goals."
"Mercantile Bank is a forward-thinking bank with deep roots in
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 nearly 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 jackhenry.com.
About Mercantile Bank
Mercantile Bank is a wholly owned subsidiary of Mercantile Bank Corporation. Mercantile provides financial products and services in a professional and personalized manner designed to make banking easier for businesses, individuals, and governmental units. Distinguished by exceptional service, knowledgeable staff, and a commitment to the communities it serves, Mercantile is one of the largest
View original content to download multimedia:https://www.prnewswire.com/news-releases/mercantile-bank-selects-jack-henry-for-focus-on-innovation-and-growth-302555669.html
SOURCE Jack Henry & Associates, Inc.
FAQ
What technology services will Jack Henry (JKHY) provide to Mercantile Bank?
How large is Mercantile Bank and what is its market presence?
How long was Mercantile Bank's evaluation process for selecting Jack Henry?
What are Mercantile Bank's expansion plans with Jack Henry's technology?
Why did Mercantile Bank choose Jack Henry as their technology provider?
