Jack Henry? announced that Legacy Bank & Trust has doubled its asset size in two years by implementing a differentiated business strategy and revamping its technology stack to meet new growth areas and complex needs. The bank grew from $800 million assets in the first quarter 2022 to $1.7 billion.

The 117-year-old Springfield, Missouri-based bank has a long history in rural markets. Over the last decade, the leadership team saw market needs and opportunities for growth in three new niche areas of business: affordable housing, new markets tax credits and commercial banking. New growth also led to competing in larger urban areas in Oklahoma and Texas.

The bank's timely response to strong demand from financially underserved communities made it one of the affordable housing lenders in the Midwest and a reputable Community Development Financial Institution (CDFI). Legacy Bank & Trust has been running on Jack Henry systems since 2003. To meet its new strategic direction, the bank decided to revamp its technology stack, selecting Jack Henry's more scalable hosted core processing solution, SilverLake.

It also added new tools to boost operational efficiencies, improve communication between branches, standardize compliance processes, and increase security. The bank has competitive technology to enter new markets easily and create positive user experiences. Legacy Bank & Trust continues to explore new niche markets and potential acquisitions while growing organically.

The bank is continuing its geographic expansion into Texas' metropolitan areas to strengthen its deposits.