CornerStone to Use Jack Henry & Associates for Automation

Monett, Mo., Sept. 16, 2009 -- Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced that CornerStone State Bank has selected Jack Henry Banking’s Core Director core processing system to provide enterprise-wide automation. This Minnesota-based bank, which has more than $95 million in assets, will implement Core Director in-house.



According to Chad Olness, president of CornerStone State Bank, “Technology is a key component in a bank’s ability to continually enhance the levels of service and convenience it delivers, aggressively and successfully compete, increase profitability and operating efficiencies, and contain operating costs. After a strategic evaluation of our current and long-term technology requirements, we evaluated multiple technology platforms and companies with several fundamental goals. We wanted to streamline our operations and the ongoing support process with a single vendor relationship. We wanted a technology partner that has a large and loyal customer base. We wanted to improve operating efficiencies and reduce our silos of technology with a fully integrated technology platform. And we wanted a core system that has the vendor’s long-term commitment. We believe we met each of these goals and can support our aggressive technology plan and high expectations through our technology partnership with Jack Henry Banking and the operating infrastructure based on Core Director.”



Core Director is a Windows®-based, client/server system that provides banks ranging from de novo institutions to those with assets exceeding $2 billion with enterprise-wide automation. The system leverages the industry’s most cost-efficient operating platform, can be installed in-house or implemented through Jack Henry Banking’s OutLink Data Centers™, and is fully integrated with more than 50 complementary products and services. Core Director provides intuitive point-and-click operation and customizable functionality, and supports unique user preferences and specific functional requirements with an extremely flexible browser user interface that can be easily customized and continually modified for every system user.



Tony Wormington, president of Jack Henry & Associates, said, “We are excited that CornerStone State Bank has joined the more than 230 banks that have already entrusted their ability to process financial transactions, automate business processes, and manage their mission-critical information to Core Director. We believe our proven ability to provide the integrated business tools that banks need to execute and maximize their business strategies and to capitalize on the dynamic trends shaping customer expectations and the financial services industry will enable us to establish a long and successful technology partnership with this progressive bank.”



In addition to Core Director, CornerStone State Bank will initially implement an array of Jack Henry Banking’s complementary solutions including Core Director® Teller, the InTouch Voice Response® telephone banking solution, NetTeller Online Banking™, NetTeller Cash Management™, the NetTeller Bill Pay™ solution, Electronic Statements—Interactive, components of the modular Synergy™ Enterprise Content Management (ECM) solution, and the 4|sight™ Item Imaging platform.



About CornerStone State Bank



Chartered in 1974, as one office in Le Sueur, Minnesota, now CornerStone State Bank has grown into five communities; Le Sueur, Cloquet, Belle Plaine, Montgomery, and Green Isle, Minnesota. As an independent locally owned bank, all staff at CornerStone State Bank is committed to hometown service and the growth of our customers and communities. Additional information is available at www.CornerStonestatebank.com .



About Jack Henry Banking



Jack Henry Banking, a division of Jack Henry & Associates, Inc., is a leading provider of integrated computer systems for banks ranging from de novo to mid-tier institutions. Jack Henry Banking currently serves approximately 1,500 banks as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information is available at www.jackhenrybanking.com .



About Jack Henry & Associates, Inc.



Jack Henry & Associates, Inc. (Nasdaq: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 9,800 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar™ is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com .


Source: Company press release.