- Independent Bancshares, the holding company of FM BANK and Quoin Financial Bank, selected Jack Henry to support both banks’ technology infrastructure.
- FM BANK and Quoin Financial Bank are transitioning to Jack Henry’s core processing platform and moving from an in-house environment to an outsourced model.
- The banks plan to use the Banno Digital Platform for digital banking and access Jack Henry integrations with more than 1,000 third-party fintechs.
- FM BANK operates six branches in Minnesota, and Quoin Financial Bank has three branches in South Dakota.
- The two banks have close to USD 1.0 billion in combined assets.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jack Henry & Associates Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202603240830PR_NEWS_USPR_____CG16744) on March 24, 2026, and is solely responsible for the information contained therein.
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