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In the Nov. 23 issue, the story entitled, “Jack Henry Adds to Product Mix With Acquisition of ProfitStar”, the story stated that Stratika’s profitability solution will be replacing ProfitStar’s profitability solution. According to ProfitStar, the Stratika product will be offered to credit unions, however it is not replacing the ProfitStar solution. It is being private labeled by ProfitStar as an additional product. Additional findings from Grant Thornton’s 2005 S Corporation Analysis * A total of 2,237 – 26% of the 8,585 eligible Federal Deposit Insurance Corp.-insured banks and thrifts as of March 31, 2005 – are currently S Corporations. This represents a net increase of 100 S Corporation banks and thrifts over 2004. * The Southwest region has the highest percentage of financial institution S Corporations -39% of banks and 27% of stock-thrifts. Following closely behind are banks in the Midwest with 36%, and stock-thrifts in the Southeast with 21%. * Twenty-one banks and seven stock-thrifts with more than $1 billion in total assets have successfully made the S Corporation conversion.

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