Old Second National Bank expands collaboration with Jack Henry

An expanded relationship will deliver greater efficiency, new digital capabilities and stronger connections

MONET, Mo., April 19, 2022 /PRNewswire/ — Jack Henry & Associates, Inc.® (NASDAQ: JKHY) today announced that Former Second National Bank expanded its collaboration with Jack Henry to support the bank’s digital and growth strategy.

Among the largest banks headquartered in Chicago region, Old Second has benefited from a seven-year modernization journey, improving its technology infrastructure to support organic growth and acquisitions. In 2015, the bank began by migrating its Jack Henry heart of the private cloud and moving a historically retail-focused offering to include commercial banking capabilities. Over the past two years, Old Second has expanded its relationship with Jack Henryresulting in:

  • Improved operational efficiency through large-scale automation using jhaEnterprise Workflow™;
  • Go to management Jack Henry banking services such as card processing solutions;
  • New digital capabilities thanks to Banno™ Digital Platform; and
  • Stronger connections with third-party solutions using at Jack Henry open API infrastructure.

Andrew MaychrukExecutive Vice President and Chief Technology Officer at Old Second National Bank, said, “We needed an open and progressive technology architecture to differentiate ourselves and meet the demands of our account holders. Jack Henry understands our mindset that past industry practices are no longer sustainable, as evidenced by at Jack Henry recently announced technology modernization strategy. They take the time to listen, understand our unique challenges, and work with us to develop a strategy that meets the needs of our business and account holders.”

Old Second is committed to providing its account holders with all the conveniences of a digital self-service model while offering personal assistance when needed. Integrating modern fintech solutions into its digital platform via at Jack Henry ecosystem – Jack Henry provides connectivity to over 850 fintechs – should enable the bank to continue to meet the needs of account holders in the future.

Stacey Zengel, Senior Vice President of Jack Henry & Associates and Chairman of Jack Henry Banking, said, “Old Second National Bank is on a growth trajectory and its technology plan allows the bank to differentiate itself and serve account holders in its markets.. The bank shares our vision to continue to evolve so that community financial institutions are at the center of financial experiences. It is through this open and integrated experience that we win in banking as a service.”

On Jack Henry & Associates, Inc.
Jack Henry (NASDAQ:JKHY) is a leading SaaS provider of technology solutions primarily aimed at the financial services industry. We are an S&P 500 company serving more than 8,000 clients nationwide through three divisions: Jack Henry Bank® provides innovative solutions to community and regional banks; Symitar® provides industry-leading solutions to credit unions of all sizes; and ProfitStars® offers highly specialized solutions to financial institutions of all asset sizes, as well as various corporate entities outside of the financial services industry. With a legacy of openness, partnership and user-centricity spanning over 40 years, we are well positioned as a market driving force in future-ready digital solutions and payment processing services. . We provide our clients and consumers with human-centric, cutting-edge, knowledge-driven solutions that will take them where they want to go. Are you ready for the future? Additional information is available at www.jackhenry.com.

About Old Second Bancorp, Inc.
Old Second Bancorp, Inc. is a corporation incorporated under the laws of State of Delaware in 1981, which serves as the bank holding company for its wholly owned subsidiary, Old Second National Bank. Old Second National Bank (the “Bank”) is a national banking association headquartered in Aurora, Illinoiswhich operates through 63 banking centers located in To cook, DeKalb, DuPage, Kane, kendall, The room and Will be counties in Illinois.

Old Second National Bank is a full-service banking business offering a wide range of deposit products, trust and wealth management and lending services, including demand, NOW, money market, savings, term deposit and individual retirement accounts; commercial, industrial, consumer and real estate loans, including installment loans, agricultural loans, lines of credit, lease receivables and verification of overdrafts; safe deposit operations, and a wide variety of additional services tailored to the needs of individual clients, such as the acquisition of U.S. Treasury bills and bonds, money orders, cashiers checks and foreign currencies, direct deposit, discount brokerage, debit cards, credit cards and other special services. Our lending activities include the provision of commercial and consumer loans, primarily on a secured basis. Commercial lending focuses on business lending, fixed assets, construction, inventory, healthcare and real estate, as well as lease financing. Installment loans include direct loans to consumers and business customers.

Caution Regarding Forward-Looking Statements
Statements made in this press release that are not historical facts are forward-looking information and may be identified by words such as “will”, expected”, “positions” and “plans”, or similar statements which indicate future periods. results may differ materially from those projected in the forward-looking information. There are a number of important factors that could cause actual results to differ materially from those anticipated by the forward-looking information, including, but not limited to, changes in customer expectations and preferences. Additional information about these and other factors that may affect at Jack Henry or the results of Old Second Bancorp, Inc., are included in their respective filings with the Securities and Exchange Commission (SEC) on Form 10-K, and prospective investors should review such statements. Finally, there may be other factors not mentioned above or included in at Jack Henry or documents filed with the SEC by Old Second’ Bancorp, Inc. which may cause actual results to differ materially from any forward-looking information.

THE SOURCE Jack Henry & Associates, Inc.