Jack Henry has signed Woodforest National Bank, a deal the company describes as the largest new core signing in its history by number of accounts.
US-based Jack Henry has announced that Woodforest National Bank, a Texas-based community bank with more than USD 9 billion in assets and over 740 branches across 17 states, has selected Jack Henry as its core banking technology provider. Jack Henry describes the signing as the largest new core client in its history based on number of accounts.
The agreement covers core banking services alongside digital banking, treasury management, and open architecture integration capabilities.
Scale and strategic context
The Woodforest signing extends a period of accelerating growth for Jack Henry among larger financial institutions. Over the past three fiscal years, 44 financial institutions with more than USD 1 billion in assets have switched their core platform to Jack Henry, representing approximately USD 94 billion in total assets. This compares to 15 institutions representing approximately USD 26 billion in assets signed during fiscal years 2022 and 2023, indicating a material increase in the company's traction at the upper end of the community and regional banking market.
Jack Henry notes it has more than 35 existing clients with over USD 9 billion in assets, though all were existing clients that reached that threshold through merger activity or organic growth rather than new signings at that scale.
Technology and platform considerations
Woodforest's selection criteria centred on open architecture, public cloud-native services, and the ability to reduce reliance on custom-built infrastructure. The bank operates a retail-focused model with branches located within major grocery stores across 17 states, a distribution strategy that places particular demands on operational consistency and digital accessibility across a geographically dispersed customer base.
Jack Henry's platform is designed to support third-party integrations through an open ecosystem, allowing banks to connect external solutions without building bespoke connectivity infrastructure. For a bank of Woodforest's scale and branch footprint, the ability to consolidate onto a single integrated platform while retaining flexibility to incorporate specialist third-party tools represents a meaningful operational consideration.
No financial terms or implementation timeline have been disclosed in connection with the announcement.
