New Peoples Bank, a community bank headquartered in Virginia, USA, has chosen Jack Henry’s core processing solution to propel “growth and innovation.”
In addition to implementing Jack Henry’s core processing solution, the bank will integrate its partner’s Banno digital banking platform. This move is part of New Peoples Bank’s initiative to streamline operations and enhance its current offerings.
By entrusting these functions to Jack Henry’s single-platform approach, the bank expects to empower its staff to concentrate more on “building and nurturing client relationships.”
JW Kiser, President and CEO of New Peoples Bank, believes that this transition will result in significant efficiencies, fundamentally transforming the bank’s operational model and customer service standards.
Kiser emphasizes that New Peoples Bank selected Jack Henry for its deep understanding of community banking. He sees this strategic move as a “major step” in the bank’s technology strategy, positioning it to scale and better meet the needs of the communities it serves.
Established in 1998, New Peoples Bank boasts assets totaling $800 million and operates across 17 branches in North Carolina, Virginia, Tennessee, and West Virginia.
With this latest partnership, New Peoples Bank joins a growing cohort of US financial institutions collaborating with Jack Henry. This includes notable names such as Alabama’s United Bank, Arizona-based Copper State Credit Union, and most recently, Wisconsin’s First State Bank.
Source: fintechfutures.com
