Core Insights - CFG Bank, the largest bank headquartered in Baltimore, has selected Jack Henry to modernize its technology infrastructure to support long-term growth and enhance relationship banking [1][2][5] - CFG Bank has experienced rapid growth, increasing its assets from $1 billion at the end of 2019 to over $5 billion today, primarily serving commercial clients and offering tailored financing solutions [2][3] Technology Implementation - CFG Bank is implementing Jack Henry's core processing platform to streamline operations and gain better control over its data, which is essential for its growth trajectory [3][4] - The bank will utilize the Banno Digital Platform to enhance the retail experience and replace manual processes with Jack Henry's Enterprise Workflow solution to boost efficiency [3][4] Strategic Alignment - CFG Bank's innovative and entrepreneurial approach aligns with Jack Henry's relationship-focused culture, making them a suitable partner for CFG's growth [5][6] - Jack Henry's public cloud strategy will provide CFG with a steady stream of modern service components, allowing the bank to adopt new capabilities as it continues to expand [6][7] Market Position - CFG Bank is recognized as one of the largest and most experienced healthcare bridge-to-HUD lenders in the U.S., indicating a strong niche market presence [2][3] - Jack Henry supports approximately 7,400 clients with technology solutions that enable innovation and strategic differentiation in the financial services sector [7]

Core Insights - Mercantile Bank, Michigan's largest community bank with approximately $6.2 billion in assets, has selected Jack Henry to enhance its technology infrastructure and support long-term growth strategies [1][6]. - The partnership aims to streamline operations, automate manual processes, and improve system integration through Jack Henry's core processing platform and Enterprise Workflow solution [3][4]. Company Overview - Mercantile Bank, founded in 1997, operates nearly 50 locations across Michigan and offers a diverse range of banking services, including commercial, consumer, municipal, nonprofit, and agricultural banking [2][6]. - Jack Henry, an S&P 500 company, provides financial technology solutions to approximately 7,400 clients, focusing on innovation, collaboration, and user-centric services [5]. Strategic Goals - The collaboration with Jack Henry is expected to facilitate Mercantile Bank's organic growth, market expansion, and strategic acquisitions [4]. - The technology upgrade is designed to enhance customer service and operational efficiency, aligning with Mercantile's mission-driven approach and commitment to community service [4][6].