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Putnam Greene Financial Corporation Collaborates with Jack Henry to Optimize Banking Operations

In a strategic move to enhance operational efficiency and improve customer experiences, Putnam Greene Financial Corporation, based in Georgia, has announced a partnership with Jack Henry™, a leading provider of financial technology solutions. This collaboration aims to upgrade the technology infrastructure of its four community banks—Farmers Merchants Bank, The Farmers Bank, First Bank of Coastal Georgia, and The Citizens Bank of Cochran. Together, these banks manage assets totaling approximately $1 billion, catering to the banking needs of retail and small business customers across various communities.

Founded in 1998, Putnam Greene Financial Corporation has established itself as a community-focused bank holding company. Each bank under its umbrella operates independently but shares a common goal of fostering personal service and contributing to local development. Offering a diverse portfolio of services—from construction loans to mortgage offerings—each bank is committed to meeting the distinct needs of its community.

Previously, Putnam Greene's technology landscape lacked the robustness and flexibility needed for seamless integration with modern solutions. Turning to Jack Henry's innovative core processing platform presents an opportunity to standardize operations while maintaining individuality across the banks. The new infrastructure is designed to scale efficiently with the growth trajectory of the holding company.

David McAfee, Chief Technology Officer of Putnam Greene Financial Corporation, expresses enthusiasm about the partnership: "While each of our banks has deep community roots, we recognize the importance of shared technology that makes us stronger together. With Jack Henry, our systems will not only be upgraded but will also keep our customers, employees, and communities as the primary focus in all future technological advancements."

The cloud-based platform provides a simplified, user-friendly interface that streamlines workflows and enhances consistency in service delivery across all four banks, ultimately benefiting customers through improved accessibility and interaction.

Jonathan Baltzell, President of Bank Solutions at Jack Henry, commented on the significance of this collaboration, stating, "Putnam Greene Financial Corporation is taking a forward-looking approach to technology, which strengthens both their operations and overall customer experience. By modernizing their platform, these banks are well-equipped to adapt to Georgia's dynamic and rapidly growing communities. They will be able to deliver reliable, efficient services while rapidly responding to new market opportunities."

With this partnership, both Putnam Greene Financial and Jack Henry are setting a precedent for how community banks can leverage advanced technology to meet evolving customer demands. This collaboration not only emphasizes the need for technological innovation but also reaffirms their commitment to serving their communities more effectively.

As Jack Henry continues to strengthen the bonds between financial institutions and their clients, this partnership serves as a powerful example of how technology can enhance operational efficiencies while remaining centered on community service. For nearly fifty years, Jack Henry has been at the forefront of providing tailored technology solutions that empower financial institutions to innovate and compete successfully in a highly competitive market, ensuring the well-being and growth of their customers.

In conclusion, Putnam Greene Financial Corporation's decision to embrace Jack Henry's technology solutions marks a significant step toward enhancing its operational capabilities and improving customer experiences across its community banks. The anticipated outcomes of this collaboration promise to forge stronger ties with customers, making banking more accessible and efficient amidst the changing tides of the financial landscape.