The First, a $1.2 billion-asset banking unit of First National Lincoln Corp. in Damariscotta, Maine, is planning to install core banking software from Jack Henry & Associates Inc. of Monett, Mo., as part of a major technology upgrade aimed at improving commercial banking capabilities.
Jack Henry said Monday that the bank has agreed to use the SilverLake application in-house, along with several complementary products and services, including the vendor's Vertex Teller Automation, NetTeller Online Banking, NetTeller Cash Management, InTouch Voice Response, and Relationship Profitability Management applications.
Daniel R. Daigneault, The First's president and chief executive, said in a Jack Henry press release that using SilverLake "will materially enhance our commercial capabilities, improve our competitive position and market presence, and enable us to continually enhance our commercial relationships."
