New Peoples Bank taps Jack Henry for core processing
New Peoples Bank, a community bank based in Virginia, USA, has selected Jack Henry’s core processing solution to drive “growth and innovation”.
New Peoples Bank selects Jack Henry for core processing
The bank will also adopt its partner’s Banno digital banking platform, as part of an effort to “automate and streamline operations and optimise its existing offerings”.
It anticipates that outsourcing these functions to Jack Henry’s single-platform approach will enable its workforce to further focus on “building and nurturing client relationships”.
For JW Kiser, president and CEO at New Peoples Bank, the transition will cultivate “major efficiencies that will dramatically change how we operate our bank and serve our customers”.
Kiser adds that the bank selected Jack Henry for its “understanding of community banking”, and that this “major step” in its technology strategy will “position us to scale and continue to meet the needs of the communities that rely on us”.
Founded in 1998, New Peoples Bank boasts $800 million in assets and operates 17 branches across North Carolina, Virginia, Tennessee and West Virginia.
With its latest deal, New Peoples Bank joins a growing list of US financial institutions to partner with Jack Henry, including Alabama’s United Bank, Arizona-based Copper State Credit Union, and most recently, First State Bank from Wisconsin.
