CHEVY CHASE, Md.--(BUSINESS WIRE)--
Starting today, community bank members of BancAlliance will gather in Washington for the network’s annual fall meeting, and will elect a new board of directors, receive updates on the performance of the network’s loan portfolio and discuss lending trends and markets.
“Community bank leaders from across the country are meeting today and tomorrow to share strategies for growing and diversifying their loan portfolios in a competitive lending environment, helping them continue to thrive and serve their local communities,” said Lori Bettinger, president of BancAlliance. “Our members’ ability to exchange ideas with like-minded bankers and to influence the network’s credit policies through Board elections preserves the cooperative approach that is unique to BancAlliance.”
The group of bankers will hear from former Secretary of the Treasury, Lawrence H. Summers, who serves as an adviser to Alliance Partners, the asset manager for BancAlliance. Dan Nevins, director of Warrior Speak, a program of the Wounded Warrior Project, will also address the group. The meeting agenda includes updates on the network’s growing footprint in the corporate lending market, an analysis of the impact that BancAlliance can have on a member’s balance sheet, and group discussions on the lending outlook in specific regions of the country.
BancAlliance was formed by Alliance Partners in 2011, with the support of 25 founding member banks. Since then, the network has grown to over 130 member banks in 33 states, with a combined lending capacity equivalent to one of the country’s twenty largest banks. Originally focused on corporate finance loans, BancAlliance has expanded its lending platform to include equipment and health care real estate finance. Loans are typically made to American companies with annual sales of $25 million to $300 million.
Loan opportunities are identified, underwritten, managed and serviced by AP Commercial LLC, a wholly owned subsidiary of Alliance Partners LLC and a registered investment adviser. The network’s underwriting and credit policies are established by the BancAlliance Board of Directors, which is composed primarily of member banks.
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 130 member banks located in 33 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 and other investors optimize their asset strategies and build more profitable and more balanced loan and investment portfolios. Learn more at www.alliancepartners.com.
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