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Article: Jack Henry Technology supports record growth and coveted efficiency ratio at Republic Bank.(Republic Bancorp, Inc., Michigan)(Advertisement)
- Article from:
- ABA Banking Journal
- Article date:
- June 1, 2005
CopyrightCOPYRIGHT 2005 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WHAT DOES IT TAKE FOR A BANK HOLDING COMPANY TO QUADRUPLE its size over a seven-year period and do so with an efficiency ratio of 46 percent? Solid management, a philosophy of cost-conscious growth and a technology partner to support it. That is part of the formula for Michigan-based Republic Bancorp, Inc.
Jack Henry Mirrors Republic's Aggressive Growth Cycle
This high-performance institution, which ranks third on FORTUNE magazine's list of the 100 Best Companies to Work For, has depended on Jack Henry & Associates to carry it from $1.5 billion in 1997 to nearly $6 billion in assets today. "We had the confidence that Jack Henry would advance its ...