Jack Henry announced that CFG Bank, a Baltimore‑based community bank with more than $5 billion in assets, has selected the company’s core processing platform to modernize its technology infrastructure and accelerate growth. The partnership was disclosed on December 4 2025 and marks the addition of a sizable mid‑market institution to Jack Henry’s client base.
Under the agreement, CFG Bank will deploy Jack Henry’s Banno Digital Platform and Enterprise Workflow solutions. The Banno platform delivers a cloud‑native core that integrates core banking functions with digital services, while Enterprise Workflow automates back‑office processes. Together, the solutions are expected to streamline operations, improve data control, and enable CFG Bank to expand niche services such as healthcare lending and retail banking.
For Jack Henry, the win underscores its momentum in cloud‑native core migration and its ability to serve mid‑market banks seeking scalable, high‑margin technology solutions. Adding a $5 billion‑plus‑asset client represents a significant revenue opportunity and reinforces the company’s strategy of partnering with banks that have strong growth trajectories and specialized market focus.
CFG Bank’s rapid asset growth—from $1 billion in 2019 to over $5 billion today—reflects its success in healthcare lending, a niche that has driven demand for modern, flexible technology. CEO Erik Howard noted that the bank’s entrepreneurial culture and relationship‑focused approach align closely with Jack Henry’s values, making the partnership a natural fit. Jack Henry President Jonathan Baltzell highlighted that the platform will support CFG Bank’s pace of growth while preserving its unique culture.
The collaboration positions Jack Henry to deepen its presence in the community‑bank segment and to showcase the scalability of its Banno platform. As CFG Bank expands its digital capabilities, Jack Henry will likely see increased adoption of its cloud‑native solutions across similar institutions, strengthening its competitive position in the mid‑market banking technology space.
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