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FOR IMMEDIATE RELEASE

  

Sterling Savings Bank Chooses Goldleaf for Teller Deposit Automation

---Leading Pacific Northwest Commercial Bank Eyes Financial Benefits, Uses Process Improvement to Better Serve Customers---

ATLANTA--(BUSINESS WIRE)--Goldleaf Financial Solutions, Inc. (NASDAQ:GFSI), a provider of integrated technology-based solutions designed to improve the performance of financial institutions, today announced that Sterling Savings Bank – a subsidiary of Sterling Financial Corp. and a leading commercial bank in the Western U.S. – is implementing Goldleaf’s Sierra Xpedite® teller deposit automation solution, along with Sierra Xchange® unified payments gatewayTM.

The live deposit automation rollout – which spans 170 branches – is part of Sterling’s “continuous improvement business strategy” to increase revenue, reduce costs and enhance customer service by truncating paper checks and eliminating paper at the first point of presentment. The complete end-to-end software solution features seamless integration of Goldleaf’s patented teller deposit automation functionality with Sterling’s S1 FSB teller, Open Solution’s core processing platform and Orbograph’s IQUA and image recognition.

“Sterling Savings Bank is one of a growing contingent in the U.S. of financial institutions that grasp the interconnections between process improvement, customer service and the balance sheet,” said Brian Geisel, EVP and general manager of Goldleaf’s Enterprise Payments Division. “Goldleaf’s deposit automation solutions will complement Sterling’s growth initiatives by strengthening Sterling’s systems integration, driving savings and efficiency into its deposit processes and enabling a new level of enhanced customer service.”

Kade Peterson, SVP and banking support director at Sterling Savings Bank, agrees. “We were looking for a solution that would improve our customer experience at the branch while meeting our Check 21 objectives of capturing and clearing checks intra-day. This would substantially reduce our IP expenses. Goldleaf provided a platform that deeply integrated with our teller system to accomplish those goals.”

About Sterling

Located in Spokane, WA, Sterling Savings Bank has 170 full-service branches located throughout Washington, Idaho, Oregon, Montana and California. The Washington-state chartered commercial bank, which opened in 1983 as a stock savings and loan association, has $12 billion in assets and more than 2,700 employees. Sterling Financial Corporation is a bank holding company, of which the principal operating subsidiaries are Sterling Savings Bank and Golf Savings Bank. Sterling Savings Bank is a Washington State-chartered, federally insured commercial bank, which opened in April 1983 as a stock savings and loan association. Sterling Savings Bank, based in Spokane, Washington, has financial service centers throughout Washington, California, Oregon, Idaho and Montana. Through Sterling Savings Bank's wholly owned subsidiaries, Action Mortgage Company and INTERVEST-Mortgage Investment Company, it operates loan production offices throughout the western region. Sterling Savings Bank's subsidiary Harbor Financial Services provides non-bank investments, including mutual funds, variable annuities and tax-deferred annuities and other investment products through regional representatives throughout Sterling Savings Bank's branch network.

About ProfitStars

ProfitStars, a division of Jack Henry & Associates, Inc., provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control; and complement virtually any core information processing platform. Additional information is available at www.profitstars.com.

About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 11,800 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking(TM) supports banks ranging from de novo to mid-tier institutions with information and transaction processing solutions. Symitar(TM) is the leading provider of information and transaction processing solutions for credit unions of all sizes. ProfitStars(R) provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com.

Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.

SOURCE Jack Henry & Associates, Inc.

http://www.jackhenry.com

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