Jack Henry & Associates Inc. announced Wednesday that First Hope Bank in Hope, N.J., has completed the in-house installation of the vendor's SilverLake System for core processing.

Norman Beatty, the chairman, chief executive and president of the bank's parent company, First Hope Bancorp, said in Jack Henry's press release: "Our evaluation process fully convinced us that SilverLake is the system most compatible with our operating requirements and business strategy."

The $438 million-asset First Hope Bank also implemented Jack Henry's branch, online banking, cash management, electronic bill payment, online account opening, mobile banking and telephone banking systems, among others, the Monett, Mo., company said.