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December 4, 2006

Bank of Smithtown installs Jack Henry core processing system

New York-based Bank of Smithtown has selected Jack Henry to provide an in-house core processing platform and multiple fully integrated complementary services to support its future business and growth strategy and enhance operational efficiencies.

By CBR Staff Writer

By installing the SilverLake system, the Bank of Smithton will add to a roster of clients that included 15% of the domestic banks with assets ranging from $1 billion to $30 billion, according to Jack Henry & Associates.

Tony Wormington, president of Jack Henry & Associates, expects that the functionality provided by SilverLake and its suite of more than 100 complementary services will enable the bank to more effectively and efficiently serve its customers, attract new customers and expand into new markets.

In addition to the SilverLake core system, the bank will initially install Jack Henry’s Vertex Teller Automation application, StreamLine Platform Automation, Synergy Intelligent Document Management system, PassPort.atm ATM processing and network switching services, and the Yellow Hammer anti-money laundering solution.

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