"Jack Henry™ (Nasdaq: JKHY) announced today 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 today.

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 largest affordable housing lenders in the Midwest and a reputable Community Development Financial Institution (CDFI)."