Banking technology provider Jack Henry & Associates has been selected by Pennsylvania-based Linkbancorp, the holding company of The Gratz Bank and Linkbank, to modernize and digitize its customer services.
Linkbancorp will use Jack Henry’s digital banking and lending offerings, including the Banno digital platform and LoanVantage.
Founded in 2018, Linkbancorp supports businesses in central and southeastern Pennsylvania. A 2021 merger with The Gratz Bank doubled the size of its assets to over $1 billion.
Linkbancorp CEO Andrew Samuel says, “We identified four key components that were most important to our strategy: Open API, cloud-based infrastructure, native mobility and modular architecture; Jack Henry delivers in all areas and more.
The company will also seek to use Jack Henry’s existing industry partnerships, with Samuel adding that the company can now quickly adopt specialist fintech technologies “which otherwise would have taken us 6-12 months to implement”.
“These partnerships complement the Jack Henry platform and support our growth strategy, allowing us to compete locally with large financial institutions.”