Lakeside Bank, a lender based in Rockwall, Texas, has turned to Jack Henry & Associates (JHA) to support its growth strategies.
The bank adopted the cloud hosted SilverLake System core as well as Jack Henry Digital services.
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The bank decided to tap Jack Henry last year after failing to get adequate attention from its previous core provider.
The result was the implementation of the SilverLake System and working with Jack Henry Lending to manage Paycheck Protection Program (PPP) loan applications.
Besides, the lender will leverage the Banno Digital Platform with JHA OpenAnywhere online account opening and e-signature services.
The aim is to foray into new geographies including Dallas.
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By GlobalDataJHA BankAnywhere, a cloud-based digital banking platform, was launched earlier this year.
The vendor said that its technology will automate the bank’s processes and improve operational efficiency.
Lakeside Bank president and CEO Paul Haney said: “Jack Henry helped us be more responsive and agile, and made us look bigger than we were with their PPP capabilities.
“Knowledge of our offering spread fast, and I was soon being sent small business borrowers from banker friends. It was great to be able to aid the community so swiftly.”
Last September, Lakeside Bank managed around $80m in assets, had one branch, and staff headcount of 11.
It intends to grow its assets to $500m over five years by delivering services and technology usually provided by large national banks.
