First Mid Bank & Trust Chooses Jack Henry to Power Growth
Jack Henry (NASDAQ: JKHY) has been selected by First Mid Bank & Trust to modernize its technology infrastructure. First Mid, a $8 billion-asset bank with over 80 branches across Illinois, Missouri, Texas, and Wisconsin, will implement Jack Henry's core processing platform to enhance operational efficiency and support its expansion strategy.
The partnership will provide First Mid access to Jack Henry's open ecosystem with over 950 API-integrated fintechs, enabling automation of manual tasks, streamlined workflows, and improved data management. The implementation aligns with First Mid's aggressive growth strategy, which includes both acquisitions and organic growth across the Midwest region.
Jack Henry (NASDAQ: JKHY) 猫 stata scelta da First Mid Bank & Trust per modernizzare la sua infrastruttura tecnologica. First Mid, una banca con asset da 8 miliardi di dollari e oltre 80 filiali in Illinois, Missouri, Texas e Wisconsin, implementer脿 la piattaforma di elaborazione centrale di Jack Henry per migliorare l'efficienza operativa e supportare la sua strategia di espansione.
La partnership offrir脿 a First Mid l'accesso all'ecosistema aperto di Jack Henry con oltre 950 fintech integrate tramite API, consentendo l'automazione delle attivit脿 manuali, flussi di lavoro pi霉 efficienti e una migliore gestione dei dati. L'implementazione 猫 in linea con la strategia di crescita aggressiva di First Mid, che include sia acquisizioni sia crescita organica nella regione del Midwest.
Jack Henry (NASDAQ: JKHY) ha sido seleccionada por First Mid Bank & Trust para modernizar su infraestructura tecnol贸gica. First Mid, un banco con activos por 8 mil millones de d贸lares y m谩s de 80 sucursales en Illinois, Missouri, Texas y Wisconsin, implementar谩 la plataforma central de procesamiento de Jack Henry para mejorar la eficiencia operativa y apoyar su estrategia de expansi贸n.
La asociaci贸n brindar谩 a First Mid acceso al ecosistema abierto de Jack Henry con m谩s de 950 fintech integradas mediante API, lo que permitir谩 la automatizaci贸n de tareas manuales, flujos de trabajo optimizados y una mejor gesti贸n de datos. La implementaci贸n est谩 alineada con la agresiva estrategia de crecimiento de First Mid, que incluye adquisiciones y crecimiento org谩nico en la regi贸n del Medio Oeste.
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Jack Henry (NASDAQ : JKHY) a 茅t茅 choisi par First Mid Bank & Trust pour moderniser son infrastructure technologique. First Mid, une banque disposant de 8 milliards de dollars d'actifs et de plus de 80 agences r茅parties dans l'Illinois, le Missouri, le Texas et le Wisconsin, mettra en 艙uvre la plateforme de traitement central de Jack Henry afin d'am茅liorer l'efficacit茅 op茅rationnelle et de soutenir sa strat茅gie d'expansion.
Ce partenariat offrira 脿 First Mid l'acc猫s 脿 l'茅cosyst猫me ouvert de Jack Henry, comprenant plus de 950 fintech int茅gr茅es via API, permettant l'automatisation des t芒ches manuelles, la simplification des flux de travail et une meilleure gestion des donn茅es. Cette mise en 艙uvre s'inscrit dans la strat茅gie de croissance agressive de First Mid, qui inclut 脿 la fois des acquisitions et une croissance organique dans la r茅gion du Midwest.
Jack Henry (NASDAQ: JKHY) wurde von First Mid Bank & Trust ausgew盲hlt, um deren technologische Infrastruktur zu modernisieren. First Mid, eine Bank mit Verm枚genswerten in H枚he von 8 Milliarden US-Dollar und 眉ber 80 Filialen in Illinois, Missouri, Texas und Wisconsin, wird die Kernverarbeitungsplattform von Jack Henry implementieren, um die operative Effizienz zu steigern und die Expansionsstrategie zu unterst眉tzen.
Die Partnerschaft erm枚glicht First Mid den Zugang zu Jack Henrys offenem 脰kosystem mit 眉ber 950 API-integrierten Fintechs, was die Automatisierung manueller Aufgaben, optimierte Arbeitsabl盲ufe und verbesserte Datenverwaltung erm枚glicht. Die Implementierung entspricht der aggressiven Wachstumsstrategie von First Mid, die sowohl Akquisitionen als auch organisches Wachstum in der Midwest-Region umfasst.
- Access to extensive network of 950+ API-integrated fintech solutions
- Technology modernization through public cloud service components
- Platform scalability supporting both organic and acquisition-based growth
- Improved operational efficiency through automation and streamlined workflows
- Significant technology infrastructure transition may require substantial resources
- Integration challenges with existing systems during implementation
Insights
Jack Henry secures nearly $8B-asset First Mid Bank as client, strengthening its competitive position in bank technology modernization.
Jack Henry (JKHY) has secured a significant client win with First Mid Bank & Trust, a financial institution with nearly
This deal holds strategic importance for Jack Henry in three key dimensions. First, it demonstrates the company's continued ability to win substantial financial institutions pursuing technological transformation. Second, it validates Jack Henry's technology modernization strategy focused on public cloud deployment. Third, it strengthens Jack Henry's position in serving mid-sized regional banks - a crucial market segment experiencing significant consolidation.
First Mid Bank's decision highlights several competitive advantages in Jack Henry's offering. The bank specifically cited Jack Henry's configurable technology, open architecture with access to over 950 API-integrated fintechs, and cultural alignment as decisive factors. The emphasis on automation and process efficiency suggests this implementation will likely involve multiple Jack Henry solutions beyond core processing.
For Jack Henry, this win represents more than just a new logo - it provides recurring revenue from a growing institution with a demonstrated appetite for acquisition. First Mid's expanding footprint across Illinois, Missouri, Texas, and Wisconsin, coupled with its diversification into insurance and wealth management, suggests significant potential for cross-selling additional Jack Henry services as the bank continues to scale.
Scalable, data-centric platform will support nearly
Founded in 1865 and with nearly
To sustain this growth and remain competitive, First Mid sought a scalable and flexible technology foundation. Jack Henry's core processing platform and data-centric approach will help reduce manual tasks, streamline workflows, and gain greater control over how customer data is captured, accessed, and managed. Jack Henry's open ecosystem and access to over 950 API-integrated, third-party fintechs will allow the bank to select the best technology for its needs and further differentiate in the marketplace.
"Our growth has been exciting, but it also showed us that we needed to modernize our technology stack," said Jeremy Frieburg, Chief Information Officer at First Mid. "We were looking for a provider that could integrate seamlessly with our systems and automate processes so we could better serve our customers. Jack Henry stood out with its configurable technology, open architecture, strong cultural alignment, and reputation for reliable service. Most importantly, it frees our teams to innovate and experiment in ways we couldn't before."
Jack Henry's technology modernization strategy, which makes modern service components available for financial institutions in the public cloud, will offer a real advantage for the bank as it continues to grow organically and through strategic acquisitions. Frieburg continued, "Jack Henry isn't just talking about modernization 鈥� they're already doing it, and their scalable, future-ready platform gives us confidence that they will grow right alongside us."
"A long-standing institution like First Mid needs modern, flexible technology to stay competitive in a fast-changing environment and to continue building on its legacy of growth", said Jonathan Baltzell, President of Bank Solutions at Jack Henry. "We're proud to support the bank's evolution and accelerate innovation while helping them stay true to deep community roots."
About Jack Henry & Associates, Inc.庐
Jack Henry鈩�听(狈补蝉诲补辩: 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 鈥� 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 7,500 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at .
About First Mid Bancshares, Inc.:聽First Mid Bancshares, Inc. is the parent company of First Mid Bank & Trust, N.A., First Mid Insurance Group, and First Mid Wealth Management Company. First Mid is a
Investments and Insurance Products: Not a Deposit | Not Guaranteed by the Bank or its Affiliates | Not FDIC Insured | Not Insured by Any Federal Government Agency | May Go Down in Value.
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