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MCBANK Partners with Jack Henry to Elevate Banking Experience

In an exciting development for the banking industry, MCBANK has announced its partnership with Jack Henry & Associates (Nasdaq: JKHY) to bolster its long-term growth strategy and improve its commercial banking functionalities. Founded in 1955 and based in Morgan City, Louisiana, MCBANK is poised for an ambitious expansion to create a stronger community banking presence across the Gulf South.

This decision follows a significant merger this year between MC Bancshares, the bank's holding company, and DMMS Purchaser, a private investment group led by seasoned executives from IBERIABANK. With over $225 million in fresh capital backing this venture, MCBANK aims to evolve into a regional leader in commercial and private banking, guided by both organic growth and strategic acquisitions.

To facilitate this significant enhancement in services, MCBANK has opted for Jack Henry's state-of-the-art core processing platform and a wide range of innovative technology solutions. These include:

• - Banno Digital Platform™: This advanced platform will deliver a seamless digital banking experience for both commercial and retail customers, ensuring that clients have access to modern banking functionality at their fingertips.
• - Treasury Management Solutions: Aimed at serving commercial clients of varying sizes, from emerging businesses to large-scale organizations, these tools will provide essential financial management capabilities.
• - Jack Henry Managed Secure Cloud: Acting as an extension of MCBANK's technology team, this cloud service provides the necessary IT and cybersecurity resources to support the bank’s growth.

Daryl Byrd, CEO of MC Bancshares, emphasized the importance of a technology-driven approach to fill the existing market gap for relationship-oriented banking. He noted, "We are assembling a robust alliance of skills, experience, and vision aimed at catering to the community’s banking needs. Our technology strategy is vital, and the leadership's familiarity with Jack Henry's offerings ensures they are the right partner for us. Having experienced their dedication firsthand through an extensive phase of growth and numerous acquisitions, we were encouraged by the progress of their technologies and the consistency of their service standards. This alignment is exactly what we require to grow MCBANK into the preeminent name in relationship banking on a regional scale."

Byrd also highlighted the significance of Jack Henry’s long-term technological strategy in their decision-making process. He stated, "Their public cloud-native strategy impressed us, representing a modern and adaptive solution that enables continuous improvement without major interruptions. We are thrilled with the future directions of their platforms."

Jonathan Baltzell, President of Bank Solutions at Jack Henry, expressed enthusiasm about MCBANK's leadership team and their vision for the future. "They are redefining banking expectations within their region. Their ambitious vision requires technology that is not only competitive but can advance along with them. We are proud to provide the technology capabilities conducive to their innovative growth and exceptional client experiences."

Jack Henry & Associates, Inc. is recognized as a comprehensive financial technology company fostering connections between businesses and the financial entities serving them. As a respected member of the S&P 500, Jack Henry prioritizes openness and collaboration while offering modern technological capabilities for banks and credit unions to adapt and thrive.

With this partnership set in motion, MCBANK is not only enhancing its service offerings but is also solidifying its commitment to relationship-driven banking in the Gulf South region. Their efforts aim to modernize banking experiences, bridging the gap between traditional banking values and contemporary technological advancements to meet the ever-evolving needs of clients.