MONETT, Mo. - Banking data processor Jack Henry & Associates has finalized its $44 million acquisition of credit union data processor Symitar Systems, San Diego. "The acquisition of Symitar greatly increases our presence in the credit union market, which is known for a commitment to investing in technology," said Mike Wallace, president/COO of Jack Henry. Jack Henry entered the credit union market with the acquisition of community bank/credit union processor Peerless Systems. That acquisition gave Jack Henry 90 credit union clients. The Symitar acquisition brings 237 more to its CU mix. Symitar was one of the last remaining large, independent credit union data processors prior to the acquisition.
Jack Henry finalizes Symitar acquisition
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