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QCR Holdings, Inc. Selects Jack Henry to Modernize Technology Across Four Banks
Prnewswire· 2025-11-06 14:00
Core Insights - QCR Holdings, Inc. has selected Jack Henry to modernize its technology infrastructure and standardize operations across its four subsidiary banks, aiming for a data-driven growth strategy [1][3]. Company Overview - QCR Holdings, Inc. is a $9 billion financial services company with four community-focused banks operating in Iowa, Illinois, and Missouri, providing commercial, retail, and wealth management services [2]. Technology Transition - QCR Holdings is transitioning all four banks to Jack Henry's modern core processing platform, which will enhance technology foundations while maintaining each bank's autonomy [3]. - The integration of products like Enterprise Workflow and Synergy is expected to streamline operations and improve efficiency [3]. Strategic Alignment - The partnership with Jack Henry is seen as crucial for enhancing client and employee experiences, improving efficiency, and reducing costs while preserving the banks' independence [4]. - Jack Henry's Data Hub will provide real-time data access and facilitate efficient system integrations, supporting QCR Holdings' growth plans [4]. Future Growth Potential - QCR Holdings aims for sustainable growth beyond its near-term goal of $10 billion in assets, with Jack Henry's technology aligning with its future innovation strategy [4]. - The focus is on enhancing client relationships while maintaining the personal service that characterizes their community banking approach [4].