Craft Bank, RockPointBank and Moultrie Bank
& Trust win on innovation and service
MONETT,
Mo., July 22, 2024 /PRNewswire/ -- Jack
Henry™ (Nasdaq: JKHY) is pleased to share that
Craft Bank, RockPointBank and Moultrie Bank &
Trust have experienced significant growth in recent years,
powered by Jack Henry's modern and open technology platform.
Craft Bank and Moultrie Bank & Trust, both based in
Georgia, and Tennessee-based RockPointBank all have been
established within the last four years. They were launched to serve
communities with limited access to local financial services due to
industry consolidation, and they have experienced steady growth
since their inception. They attribute the success to several key
factors: local ownership, focus, and decision-making; the rapid
population boom in the Southeast; and support from Jack Henry, a
robust technology provider that enables them to compete with larger
institutions while still providing personalized banking
experiences.
Craft Bank is a $230 million-asset
commercial bank in metro Atlanta
serving small and medium-sized businesses (SMBs), mainly in
professional services and manufacturing. Jack Henry's hosted core
processing solution helps the bank operate efficiently, while
commercial solutions like JHA Treasury
Management™ have met SMBs' business management
needs.
"We started Craft Bank to serve the ZIP codes in metro
Atlanta that lacked local bank
representation, particularly in the SMB market, and Jack Henry
has helped us do just that," said Ross
Mynatt, CEO at Craft Bank. "Their commercial solutions have
set us apart, enabling us to secure new business after just one
demo. We've also appreciated their commitment to top-notch customer
service and accessibility to the senior leadership team. Jack Henry
enables us to capitalize on the favorable business climate in
Georgia, and we're thrilled to be
part of their network."
RockPointBank is a $280
million-asset bank in Chattanooga serving local businesses and
professionals. The bank delivers its high-touch service through
three channels: one branch, a courier service, and Jack Henry's
modern and open Banno Digital Platform™. Moreover,
Jack Henry's treasury management platform, JHA Treasury Management,
and faster payment hub, JHA PayCenter™, provide all the
tools for businesses to manage their daily financial workflows and
connect the bank to both real-time payment rails, giving them a
competitive edge.
"The opportunity we envisioned when starting the bank in 2021
has been confirmed," said Hamp Johnston, president and CEO at
RockPointBank. "With the Southeast region growing, we're poised to
increase our market share and continue to grow organically.
Management believes there is an opportunity to reach $1 billion in assets within our first decade, and
we are on a promising trajectory to achieve this. Jack Henry's
technology has been instrumental in our journey thus far and will
continue to support our scaling efforts, allowing us to provide
superior customer service both in-person and online."
Moultrie Bank & Trust is the only local bank in Moultrie, Georgia, serving both retail and
commercial customers in the southern part of the state. The
$100 million-asset bank has had
success in residential home construction and aims to expand its
reach among SMBs and younger demographics. Jack Henry's innovative
and flexible cash management solutions, integrated within
consumers' digital banking platform, helps them attract and retain
customers while reducing the risk of fraud.
"As a new bank, we only get one opportunity to convince people
to switch to us. With Jack Henry, we're able to make a strong first
impression," said Donna Lott, president and CEO at Moultrie
Bank & Trust. "Their solutions and seamless integrations rival
those of larger financial institutions. They are attentive,
responsive, and provide robust protection and automation, enabling
us to operate securely and efficiently and meet our customers'
needs. As we grow and increase our customer base, we're eager to
leverage more of Jack Henry's technology and tap into their open
ecosystem of third-party fintechs."
"De novo banking requires more strategy, automation, and service
focus than ever before," said Jonathan Baltzell, President of
Bank Solutions at Jack Henry. "Jack Henry has been a proven
technology provider in the space for many years. The success of
Craft Bank, RockPointBank, and Moultrie Bank & Trust highlight
the importance of starting with the right people and technology.
With a flexible, experienced, and innovative technology provider,
de novos can leverage their vision and mission to gain a
competitive edge. We look forward to continuing to work with de
novo institutions to better support local communities across
America."
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 more than 48 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 7,500 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.