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First National Bank of Florida Selects Jack Henry Banking(TM) to Provide Enterprise-Wide Automation. - $392 Million Bank Makes the Strategic Decision to Re-Establish its Technology Partnership with Jack Henry Banking and Implement the SilverLake System(R) through the Company's Outsourced Offering -.
Jack Henry & Associates, (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial ...
http://www.finextra.com/news/announcement.aspx?pressreleaseid=31078
You know, I think its kind of nice how my bank is always thinking of new ways to help me. Its been like that my whole life. When I was a kid, for instance, my dad took me downtown to the First National Bank, which was right next door to the Alceon Theater, where you could watch two movies
http://www.huffingtonpost.com/stanley-bing/thanks-mr-banker-for-my-o_b_314025.html
The $162-million bank headquartered in Holly Hill, S.C., chose Fiserv for its account processing and value-added solutions that will grow with the expanding financial institution.
http://allpaynews.com/content/first-national-bank-south-carolina-selects-precision-fiserv
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PRINCETON, IL, Nov 20, 2009 (MARKETWIRE via COMTEX) --
Princeton National Bancorp, Inc. (NASDAQ: PNBC), the holding company of Citizens First National Bank today announced the appointment of Thomas D. Ogaard as President & CEO effective February 2, 2010. Ogaard joined the Company in August of 2009 and is currently serving on the Board of Directors of both Princeton National Bancorp, Inc. and Citizens First National Bank. Ogaard has an extensive background with both regional and community banks in the Midwest.
"I am very excited about this new opportunity with the Company and Subsidiary Bank," Thomas D. Ogaard commented. "The current management has built a strong customer foundation, solid asset base and continuous earnings stream. I have joined an outstanding Company and look forward to being a part of its future successes."
"I have been fortunate to join a fine management team," continued Ogaard. "The Management and Boards of Directors are focused on the long-term safety, soundness, strength and viability of the Subsidiary Bank and the Company. The current economic times have impacted all financial institutions and will continue to be an issue. Citizens First National Bank has been serving customers since 1865 and will continue to meet the needs of individuals, businesses and public entities for many years to come."
Current President & CEO Tony J. Sorcic commented, "Mr. Ogaard has been a fine addition to the management team. His knowledge of banking will be an asset as he leads the Company into the future. I look forward to the many successes of the Company which will further strengthen the franchise value and I am confident Tom, the Boards of Directors and Management will achieve many accomplishments going forward."
Chairman Craig O. Wesner stated, "We are fortunate to have someone with Mr. Ogaard's experience in banking assume the President's position. He has demonstrated several strengths in his short time with the Company and will be a valuable asset. Although we are losing an excellent leader with the retirement of Tony J. Sorcic, Ogaard will continue the same community bank philosophy and customer and shareholder focus which has developed Princeton National Bancorp, Inc. into a fine institution."
Ogaard has a Bachelor's of Science in Business Administration from Bemidji State University, in Bemidji, Minnesota. He has been active in such organizations as Rotary, March of Dimes, Chambers of Commerce, Habitat for Humanity, United Way, Junior Achievement, and has served as a youth baseball, softball and hockey coach and has been an active member of his church. Tom and his wife Mary Kay look forward to continuing their involvement in community activities and helping the worthwhile organizations that serve the area.
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Inquiries should be directed to: Lou Ann Birkey Vice President - Investor Relations Princeton National Bancorp, Inc. (815) 875-4444 E-Mail address: Email Contact
SOURCE: Princeton National Bancorp, Inc.
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Companies: Princeton National Bancorp, Inc. (PNBC)
PRINCETON, IL, Nov 16, 2009 (MARKETWIRE via COMTEX) --
Princeton National Bancorp, Inc. (NASDAQ: PNBC), the holding company of Citizens First National Bank, and Citizens First National Bank today announced the retirement of President & CEO/Director Tony J. Sorcic effective February 1, 2010. Sorcic joined the staff of Citizens First National Bank in August of 1981 as Assistant Vice President of Operations. He was promoted several times during his employment at Citizens, was appointed to the Boards of Directors of both the Company and the Bank in 1986 and in 1995 Sorcic became President & CEO of Citizens.
Tony J. Sorcic, President & CEO, commented, "I have decided to retire to pursue a few favorite community service projects and develop a leadership program. It has been a lifelong goal to retire near age 55, and this year I turned 56. Although I will really miss the day to day interactions with the staff, customers and shareholders, I have been fortunate to have made many friends in each market which has been extremely fulfilling. We are very excited about this new phase of my life. My wife, Donna, and I have some very exciting plans. To ensure a smooth transition, I will continue to be involved with the Company after my retirement for a 6-month period under a consulting arrangement."
Sorcic continued, "When I joined the staff of Citizens, total assets were $130 million with three locations and now, 28 years later, assets are $1.3 billion and the Bank has 21 locations to serve its customers. I have worked hard to prepare the Bank for this day. We have a fantastic staff and an excellent management team and I am very confident about the future. A few of the things I am most proud of while affiliated with the Company include: the staff's community involvement and achievements, expansion of the Bank's sales culture, development of the mortgage banking department which now services over $450 million in residential loans to our customers, development of Citizens Financial Advisors, internet and mobile banking, and the development of an outstanding training program. The staff reached a milestone this year with over 16,000 hours of community service to local organizations and events."
Craig O. Wesner, Chairman of the Board, stated, "Sorcic has played an integral part in the success of the Company and the Bank. His knowledge and contribution to the Boards of Directors of Princeton National Bancorp, Inc. and Citizens First National Bank have been invaluable and he will be greatly missed at both the Management and Board of Directors levels."
At the time of his retirement, Sorcic will have served as President for almost 15 years, the longest presidency of the Bank since C.D. Tedrow. Under his leadership the Company has prospered in many areas. Sorcic was instrumental in the completion of six acquisitions, the opening of seven new offices, and taking the Company public in May of 1992. He has built a staff that is focused on generating the best return for the shareholders, dedicated to serving the customers, and has demonstrated a real desire to help improve our communities. While many companies have reported losses during the current credit cycle, Princeton National Bancorp, Inc. has reported positive earnings for fifty-eight consecutive quarters.
During Sorcic's tenure at Citizens, he has worked with individuals, businesses, educational entities and governmental bodies to meet their financial needs. Sorcic has led by example and his community service is exemplary. A few of his community service accomplishments include: a 30-year membership in Rotary; pioneering the Friends of Scouting Breakfast; chairing the capital fund drive for the Perry Memorial Hospital Emergency Department, chairing the Illinois Theatre Conservatory capital fund drive; and serving on the Perry Memorial Hospital Board of Trustees, Princeton Public Schools Foundation, Illinois Valley Community College Board of Trustees, and ISU College of Business Advisory Council.
The Management, Staff and Board of Directors are very grateful for Mr. Sorcic's contributions to the Company and wish him many successes with his future endeavors. The Board will announce President Sorcic's successor in the near future.
Inquiries should be directed to: Lou Ann Birkey Vice President - Investor Relations Princeton National Bancorp, Inc. (815) 875-4444 E-Mail address: Email Contact
SOURCE: Princeton National Bancorp, Inc.
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Companies: Princeton National Bancorp, Inc. (PNBC)
MONETT, Mo., Nov 18, 2009 /PRNewswire-FirstCall via COMTEX/ --
Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced that First National Bank of Florida has selected Jack Henry Banking's SilverLake core processing system to provide enterprise-wide automation. This bank, which has more than $392 million in assets, will implement SilverLake through Jack Henry Banking's outsourced offering.
First National Bank of Florida was a former Jack Henry Banking customer that implemented a competitive core system approximately four years ago. According to Greg Adams, senior vice president and CFO of First National Bank of Florida, "Replacing our Jack Henry technology platform seemed like a prudent decision at the time it was made by the former manager of our IT department. But after actually experiencing the differences between the two systems and the two companies, we decided that returning to SilverLake-based operations is in the best interest of our bank and our customers. Returning to a technology partnership with Jack Henry Banking will provide our bank with a single point of ongoing contact, support, and accountability for our enterprise-wide technology platform. And it means we are entrusting our bank to a technology partner whose primary focus is the banking industry. Implementing SilverLake means we are entrusting our bank to a core system that provides broad functionality and that we have the opportunity to actually influence ongoing product releases with the customer-driven enhancement process. We are very excited about being a SilverLake-automated bank once again and based on our day-to-day past experience with SilverLake and Jack Henry we are uniquely positioned to already know the benefits this strategic move will generate for our bank."
Stan Viner, general manager of sales for Jack Henry Banking, said, "It is extremely rewarding when progressive banks like First National Bank of Florida select SilverLake as their technology engines. We are confident SilverLake and our integrated complementary solutions will play an important role in this bank's ability to offer highly competitive financial products and services, and to maintain its high service standards. We welcome the return of First National Bank of Florida to the Jack Henry family of technology-oriented banks and plan to do everything in our power to ensure this bank's move back to SilverLake will be its last conversion."
In addition to SilverLake, First National Bank of Florida will initially implement an array of Jack Henry Banking's complementary solutions including the Vertex Teller Automation System(TM), the NetTeller Online Banking(TM) platform, the InTouch Voice Response(R) full-service telephone banking solution, Relationship Profitability Management (RPM) enterprise-wide profitability solution, components of the Synergy(TM) Enterprise Content Management (ECM) solution, and the Yellow Hammer(TM) fraud detection and prevention solution.
About First National Bank of Florida
First National Bank of Florida is an independent community bank dedicated to serving the banking needs of the residents and businesses of Northwest Florida. Its pledge is to provide exceptional customer service in the delivery of banking products. First National Bank of Florida is a bank where decisions are all made locally. This "hometown banking" philosophy is what sets it apart from the other banks in the area and will be the guiding force in the bank's future. Additional information is available at www.fnbfl.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 1,500 banks as a single source for integrated, enterprise-wide automation; and as a single point of contact and support. Additional information is available at www.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 11,300 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 www.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.
http://www.jackhenrybanking.com/
Tags: bank banking community computer content corporate family financial results financial services florida nasdaq online partnership president products revenue sales sec securities standards technology
Companies: Jack Henry & Associates, Inc. (JKHY)
Nov 17, 2009 (FinancialWire via COMTEX) --
(Comment on this article at http://www.financialwire.net/2009/11/17/first-national-bancshares-to-transfer-to-nasdaq-capital-market/)
November 17, 2009 (FinancialWire) -- First National Bancshares, Inc. (NASDAQ: FNSC) announced its intent, as of November 9, 2009, to submit an application to transfer its company's listing of common stock to the NASDAQ Capital Market, as part of its continuing efficiency efforts.
Fulfilling company's short- and long-term goals to decrease costs of business, the transfer to the Capital Market will have no impact on shareholders' abilities to access the stock or make transactions. First National common stock is currently listed on the NASDAQ Global Market and can one day apply to return to that market, if its Board deems appropriate and efficient.
"This is a non-issue for First National shareholders in terms of their transactions, but an important one for the company in terms of being constantly vigilant of achieving efficiencies wherever we can," J. Barry Mason, president and CEO of First National Bancshares and its subsidiary, Spartanburg-based First National Bank of the South. "NASDAQ Capital Market listing simply meets our needs better than the Global Market."
The company intends to file a transfer application as soon as practicable. According to NASDAQ, the Capital Market does not require a fee for transfer and maintains lesser costs and its own listing standards, of which First National is currently in compliance. NASDAQ, in a November 4, 2009 compliance letter to the company, suggested the possible application for transfer to the Capital Market, noting the company's continued requirement to adhere to Global Market listing standards such as maintaining stockholder's equity above $10 million.
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Free annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications (http://investrend.ar.wilink.com/?level=279). Monday's issued reports and/or recorded webcasts include Marine Harvest ASA (x: MHG), China GengSheng Minerals, Inc. (OTCBB: CHGS), Skystar Bio-Pharmaceutical Company (OTCBB: SKBI), Fortuna Silver Mines, Inc. (TSX Venture: FVI), LocatePLUS Holdings, Inc. (OTC: LPHC) and Premier Power Renewable Energy, Inc. (OTCBB: PPRW).
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Companies: First National Bancshares Inc/SC (FNSC)
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T-Mobile keeps adding new Nokia cell phones to its HotSpot @Home line-up; the latest one featuring advanced camera and music features. Read our in-depth Nokia 6301 review.
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First National Bank of Akron, Iowa Online Banking Bank Staff Bank Staff Bank Staff First National Bank Services Deposit Information Loan Information Bank Staff First National Insurance Agency Insurance Information Insurance Agency Staff Financial Calculators Hours Contact Us Enter city or US Zip
Michael J. Stepan Profile by Martindale-Hubbell. Find Michael J. Stepan's contact information, experience and credentials, peer review ratings etc.
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Since 1900, First National Bank's Difference is the Care and Attention we strive to give to every customer! Our Locations are: First National Bank of Manchester, TN (two locations); First National Bank of Woodbury, TN and NOW OPEN First National Bank of Murfreesboro, TN.
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The First National Bank South Dakota Pavilion, located on the northwest corner of the Dakotafest grounds, is the place to visit if you’re looking for information and resources to help grow your farming or ranching operation.
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Good afternoon everyone and thank you for joining us on this conference call. We are pleased to have this opportunity to briefly discuss the third quarter 2003 financial results, but more importantly, to provide forward-looking information on the spin-off of the company's Florida operations.
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