BancAlliance Membership Tops 100
CHEVY CHASE, Md., Jan. 24, 2013 /PRNewswire/ -- BancAlliance announced today that its membership now exceeds 100 banks across 31 states, and the network continues to unlock the commercial lending market for community banks across the country.
"BancAlliance is a collaborative solution for community banks that allows them to access attractive lending markets, typically dominated by larger banks," said Lee Sachs, Co-Founder and CEO of Alliance Partners, the asset manager for BancAlliance. "The strength of the network's scale and collaborative efforts continue to expand with each new member."
Formed in 2011, BancAlliance is a network of community and regional banks that work together to evaluate and fund commercial and specialty loans that otherwise would be too large for an individual member's balance sheet.
Explaining banks' motivation for joining the cooperative, BancAlliance Board member, Malcolm Hotchkiss, CEO of United Labor Bank and a founding member of the network, said:"BancAlliance gives its members greater access to high-quality commercial loans to safely increase lending while diminishing real estate concentrations. In today's environment, community banks must seek out innovative solutions to successfully increase profitability and enhance services for their customers and communities." BancAlliance members recently gained access to a broad array of equipment finance loans, complementing the original corporate finance lending platform. "Our growth in membership has been well matched with our ability to originate high-quality loans, and is fueled by the exciting potential of the commercial lending market, " Sachs concluded. About BancAlliance The BancAlliance network is a shared corporate and specialty lending platform that identifies, evaluates, and refers loan and lease opportunities to its community bank members. In addition, members have access to ongoing monitoring of all loans and leases sourced through the network. Our mission is to enable our members, the banks that direct our activities, to prudently diversify into high-quality corporate and specialty loans and leases in a manner consistent with the highest commercial and regulatory standards – without changing the nature or mission of the traditional community bank. BancAlliance has over 100 member banks located in 31 states. Learn more at www.bancalliance.com. About Alliance Partners Alliance Partners is an asset management and advisory firm focused on helping regulated financial institutions optimize their asset strategies and build more profitable and more balanced loan and investment portfolios. SOURCE BancAlliance
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