Whitney National Bank Selects Jack Henry Banking(TM) to Provide Enterprise-Wide Automation

Whitney National Bank Selects Jack Henry Banking(TM) to Provide
Enterprise-Wide Automation

- $12 Billion Bank to Install the SilverLake System(R) In-House -

MONETT, Mo., May 18 /PRNewswire-FirstCall/ -- Jack Henry & Associates, Inc.
(Nasdaq: JKHY), a leading provider of integrated technology solutions and data
processing services for financial institutions, announced that Whitney
National Bank has selected Jack Henry Banking as its technology partner and
the SilverLake System as its technology platform. This Louisiana-based bank,
which has more than $12 billion in assets, will install SilverLake in-house.

According to Robert Baird, Jr., Senior Executive Vice President - Banking
Services of Whitney National Bank, "Success in banking today requires both a
clear focus on specific customer service expectations and their timely
execution by enabled bankers. Converting to a new technology platform is one
of the most forceful decisions a bank will make as it seeks further
improvements in its competitiveness and profitability. After carefully
considering both the improved customer service capabilities of a more
fully-featured core system and the tangible economic benefits of a platform
which supports full integration with those profitable ancillary products our
customers purchase from us, we made the decision to replace our current
system. We evaluated multiple technology products and providers, and retained
a respected consulting firm to validate our evaluation process. Our
comprehensive due diligence, which lasted approximately 16 months, clearly
demonstrated that SilverLake is the core solution that is most compatible with
our strategic plan and its expected information and transaction processing
requirements."

Francisco "Frank" DeArmas, Executive Vice President, CIO - Operations &
Technology Division said, "Our SilverLake decision was based on specific
points of competitive distinction that we identified during our evaluation.
Among the fundamental points that ultimately supported our decision were the
system's extensive functionality and the ability to customize that
functionality to support our unique business requirements, the satisfaction
levels among existing SilverLake users with the system and support services,
and the similar corporate culture that we share with Jack Henry & Associates.
We are also impressed with this company's ability to provide the complementary
solutions that growing mid-tier banks need even if it means going outside its
proprietary product offering and integrating best-of-breed ancillary solutions
provided by other companies."

Tony Wormington, President of Jack Henry & Associates, said, "Whitney National
Bank is an impressive financial institution that has grown its assets to more
than $12 billion during its 125-year history. It is the largest bank
headquartered in Louisiana with 161 banking locations across five states in
the Gulf Coast region. This progressive bank's selection of SilverLake
represents an unprecedented endorsement of the functionality and solid
integration this technology platform provides. Our goals now are to deploy
our proven change management and conversion process, to ensure the bank's
staff is fully trained and ready to use SilverLake's broad functionality, to
consistently meet and exceed the bank's service-related expectations, and to
proactively provide the advancing technology the bank needs to support its
dynamic business and growth strategies. We are confident that a technology
engine powered by SilverLake and a significant number of our complementary
solutions will play an important role in this bank's ability to continue
attracting and retaining customers and prospering in today's extremely
competitive business environment."

Jack Henry & Associates' integrated complementary products and services
enhance the core functionality and enable banks to respond to specific
business opportunities and challenges with production-proven solutions. These
add-on solutions are assembled through internal product development,
disciplined acquisitions, and strategic alliances with successful companies
like ARGO Data Resources. According to Mr. DeArmas, "We had evaluated ARGO(R)
before launching our core system evaluation and planned to install the system
to support our branch network. But fortunately for us, ARGO Data Resources
and Jack Henry & Associates have been long-time business partners and the
SilverLake and ArgoKeys solutions are fully integrated and installed in Jack
Henry & Associates' top-tier client banks. Not only is the integration done,
but Jack Henry Banking adds additional value by serving as the single point of
contact, support, and accountability for this integrated solution set."

David Engebos, President and CEO of ARGO, said, "ARGO provides a proven retail
delivery platform that enables large banks and sophisticated branch networks
to operate in a highly secure, reliable, and scalable environment. We are
confident that the integrated ARGO/SilverLake solution will convert routine
customer contact into sales-focused service-oriented experiences, and will
help Whitney National Bank increase profit potential across its product
offering, enhance customer satisfaction and loyalty, and generate material
operating efficiencies."

"We believe the ability to leverage innovative financial products and services
driven by superior technology, customer-driven bankers, and exacting service
standards will bolster our market presence and help us capitalize on our
market potential," concluded Mr. Baird.

In addition to SilverLake and ArgoKeys, Whitney National Bank will initially
implement an array of Jack Henry & Associates' complementary solutions
including the Vertex Teller Automation System(TM), the Synapsys(R) sales force
automation and marketing solution, modules of the Synergy(TM) Enterprise
Content Management (ECM) solution, the Yellow Hammer(TM) suite of fraud
detection and prevention solutions, the 4|sight(TM) Item Imaging platform,
Check 21 solutions, the Smart GL general ledger exception management and
settlement solution, and the jXchange(TM) services-oriented architecture
solution.

Stan Viner, General Manager of Sales for Jack Henry Banking, said, "jXchange
is a services-oriented architecture framework on a .NET platform that provides
open connectivity between our solutions and third-party products. Although we
provide one of the most comprehensive product offerings that consists of deep
core functionality and more than 100 best-of-suite complementary solutions,
our experience supporting more than 20 percent of mid-tier banks proves that
diverse financial institutions have unique product requirements outside our
offering. The contemporary integration methodology facilitated by jXchange
will enable Whitney National Bank to easily implement niche products, increase
its operating flexibility, and leverage its existing and ongoing technology
investments."

About Whitney National Bank

Whitney Holding Corporation, through its banking subsidiary Whitney National
Bank, serves the five-state Gulf Coast region stretching from Houston, Texas;
across southern Louisiana and the coastal region of Mississippi; to central
and south Alabama; the panhandle of Florida; and the Tampa Bay metropolitan
area of Florida. Additional information is available at whitneybank.com.

About ARGO Data Resources

Founded in 1980, ARGO is a national leader in technology-based solutions for
the financial services industry. Today, our customers come from all parts of
the financial services world--from the nation's largest banks to
community-centered credit originators and processors. Additional information
is available at argodata.com.

About Jack Henry Banking

Jack Henry Banking, a division of Jack Henry & Associates, Inc., is a leading
provider of integrated computer systems for banks ranging from de novo to
mid-tier institutions. Jack Henry Banking currently serves approximately
1,600 banks as a single source for integrated, enterprise-wide automation and
as a single point of contact and support. Additional information is available
at jackhenrybanking.com.

About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. (Nasdaq: JKHY) is a leading provider of computer
systems and ATM/debit card/ACH transaction processing services primarily for
financial services organizations. Its technology solutions serve more than
8,800 customers nationwide, and are marketed and supported through three
primary brands. Jack Henry Banking supports banks ranging from de novo to
mid-tier institutions with information processing solutions. Symitar(TM) is
the leading provider of information processing solutions for credit unions of
all sizes. ProfitStars(R) provides highly specialized products and services
that enable financial institutions of every asset size and charter, and
diverse corporate entities to mitigate and control risks, optimize revenue and
growth opportunities, and contain costs. Additional information is available
at jackhenry.com.

Statements made in this news release that are not historical facts are
forward-looking information. Actual results may differ materially from those
projected in any forward-looking information. Specifically, there are a
number of important factors that could cause actual results to differ
materially from those anticipated by any forward-looking information.
Additional information on these and other factors, which could affect the
Company's financial results, are included in its Securities and Exchange
Commission (SEC) filings on Form 10-K, and potential investors should review
these statements. Finally, there may be other factors not mentioned above or
included in the Company's SEC filings that may cause actual results to differ
materially from any forward-looking information.

SOURCE Jack Henry & Associates, Inc.

Analysts, Kevin D. Williams, Chief Financial Officer, +1-417-235-6652, or IR,
Jon Seegert, Director of Investor Relations, +1-417-235-6652, both of Jack
Henry & Associates, Inc.