First American Bank and Trust selects Jack Henry for core processing
First American Bank and Trust, a $1.4 billion-asset community bank based in Louisiana, has selected Jack Henry (Nasdaq: JKHY) to provide core processing technology, according to a press release from Jack Henry.
The privately owned bank, founded in 1910 in Vacherie, Louisiana, operates 25 locations across Southeast Louisiana. As part of the agreement, the bank will transition from an in-house processing environment to a hosted model. The move is intended to improve disaster recovery capabilities, which the bank described as a priority given the region's exposure to hurricanes.
First American Bank and Trust will also adopt Jack Henry's Banno Digital Platform, which includes tools such as credit scoring and financial insights for customers. The bank will deploy Tap2Local, a payment acceptance and accounting solution aimed at supporting small business customers.
Ronnie Falgoust, President and CEO of First American Bank and Trust, cited Jack Henry's customer support reputation and open technology approach as factors in the selection. "This will help us deliver better tools and experiences for our customers while supporting our plans to grow organically, particularly on the small business side," Falgoust said.
Jack Henry's platform offers integration with more than 1,000 third-party fintech providers. Jonathan Baltzell, President of Bank Solutions at Jack Henry, said the bank "is well positioned to scale, innovate, compete, and deliver the experiences that make it the center of their accountholders' financial journeys."
