A multi-year program upgrades the bank's Jack Henry SilverLake core and consolidates systems carried over from four acquisitions.
CHATTANOOGA, Tenn. Calder Bank & Trust, N.A. has completed the multi-year modernization of its core banking platform, the bank announced today.
The program upgraded the bank's Jack Henry SilverLake core, moved integration between the core and the bank's digital, teller and imaging platforms onto service based interfaces, and retired several account servicing systems the bank had carried since its 2016 and 2021 acquisitions.
"We had four banks worth of history running underneath one brand," said Priya Raghunathan, Executive Vice President and Chief Information Officer. "A client should not be able to tell which acquisition their account came from. As of this quarter, they cannot."
"The measure people inside the bank care about is how long it takes to open a commercial relationship end to end," said Dwayne T. Ledbetter, Executive Vice President and Chief Operating Officer. "That has come down by more than half since we started."
The bank reported no client-facing service interruption during the final conversion weekend.
Calder Bank & Trust, N.A. is a national banking association headquartered in Chattanooga, Tennessee, founded in 1913. The bank operates 61 offices across Tennessee, north Georgia and north Alabama and has approximately $4.1 billion in assets. It provides retail banking, commercial and treasury services, and wealth and trust administration. The bank is a wholly owned subsidiary of Calder Financial Corporation. Member FDIC. Equal Housing Lender.
There is no established public trading market for the common stock of Calder Financial Corporation. The stock is held by approximately 1,400 holders of record and is not listed on any exchange or quoted on any interdealer quotation system.
Lauren Pickett, Vice President and Director of Corporate Communications
(423) 555-0134 · lauren.pickett@calderbankonline.com