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Stock impact report

Midwest BankCentre Receives Celent Model Bank Award for Community Bank Transformation

Jack Henry & Associates, Inc. (JKHY) 
Last jack henry & associates, inc. earnings: 2/4 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: jackhenry.com
Company Research Source: PR Newswire
MONETT, Mo., April 23, 2020 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking®  division announced today that Midwest BankCentre received a Celent Model Bank 2020 Award for Community Banking Transformation. The $2 billion-asset bank is being recognized for launching a separately branded digital bank, Rising Bank®, to increase its deposit base and support continued growth. The honor was commemorated at Celent's Innovation & Insight Day Event. St. Louis-based Midwest BankCentre launched Rising Bank in only six months with support from Jack Henry's SilverLake System® core and Banno Digital Platform™. In its first year, the digital bank gathered over $130 million in new deposits at a fraction of the cost of traditional branch banking and the bank is on track to produce the deposits equivalent of 10 physical branches. Rising Bank off Show less Read more
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