![]() ![]() By partnering with the nine MBDP members, Citi is an innovator supporting Treasury’s mentor-protégé objectives of increasing the number of minority-owned and women-owned banks that participate in the Government procurement process to support the US Treasury. They also provide new opportunities for the banks to engage in such as, SBA PPP loans, Loan Syndication, Credit Assignments, Loan Participation, Equity Investments, and several other initiatives.Ĭiti’s protégés are supporting them on the current Over the Counter Network (OTCNet), Electronic Check Capture (ECP), and US Passport Financial Agency Agreements. Citi provides it protégés executive mentorship and training, which means CEOs of the minority banks have opportunities to dialog and discuss bank strategy with Citi seniors.Ĭiti also provides knowledge transfer in key areas of interest, as defined by the banks. The Citi program focus is cross-organizational, involving all parts of the firm including banking, markets, and Treasury solutions. They partnered with the JPM Service Corps team to conduct a needs assessment that prioritizes areas in operations and marketing which are key to Harbor Bank’s long-term growth.Īcross the firm, JPMorgan Chase recognizes and identifies ways to address issues facing Minority Depository Institutions, minority-owned small businesses, and businesses in low- and moderate-income communities while providing their protégés with the training and advisory support needed to serve as a Financial Agent for the US Government and pursue new business opportunities.Ĭitibank– Industrial Bank, Unity Bank, Citizens Trust, Bank of Cherokee County, United Bank of Philadelphia, Optus Bank, One United, M&F Bank, Carver State BankĬiti’s mentors nine protégé banks in the Treasury Bank Mentor-Protégé Program (TBMPP). JPM established a strategic plan to drive technological changes though Payment Trends, Digital Wallet, and Infrastructure Evolution. ![]() JPM developed operational and technical insights to further enhance client engagement, retail banking and retention. They also solidified strengths and identified opportunities to reinforce the banks’ role in local community. When mentoring Liberty bank, JPM worked to add Liberty Bank clients to the JPM ATM network, which allows Liberty Bank customers fee-free access to all JPM ATMs. When mentoring their protégé banks, JPM customized their approach by implementing specific strategies to serve each bank’s needs. JPM has offered their protégé banks a full array of collaborative opportunities to realize short term and long-term success. Morgan (JPM) announced its partnership with Harbor Bank of Maryland and Liberty Bank and Trust Company. JP Morgan – The Harbor Bank of Maryland and Liberty Bank Read more about the PNC-INB collaboration. INB’s eagerness to learn and the experience gained through participation with the current Financial Agent Agreement, resulted in PNC and INB meeting to assess opportunities to incorporate INB’s capabilities into new and existing Federal programs. The AVS implementation was no small feat, consisting of four months of daily implementation meetings with Fiscal and IRS, which included a real-time virtual security end-to-end assessment. INB has participated in Fiscal Service scheduled conference calls/events such as Industry Day, Covid-19 Update Calls, several FASP response preparation/submissions and on the Account Verification Service (AVS) implementation. Besides training opportunities, INB participates in Fiscal Service operations and events. PNC and INB have regular scheduled opportunity and training meetings to discuss Financial Agent selection process ( FASP) Response Preparation, Security Compliance, Agency Program Descriptions, and IT Connections. The PNC-INB partnership has grown through the years, starting with visits to both banks headquarter locations to tour operations facilities, discussions on PNC’s Financial Agent Programs, presentations on both banks service capabilities, and introductions to each other’s Executive Management teams. Also, read how BNY Mellon and Optus Bank are helping build a foundation for growth in the Optus Bank’s community. Read the press release about the BNY Mellon – Optus Bank collaboration. ![]() This ongoing collaboration has given BNY Mellon and Optus the opportunity to work even more closely together throughout 2020 and the pandemic, strengthening Optus’s consumer banking framework with the successful implementation of Account Validation Services (AVS) in April 2020. Mentor-Protégé Partnerships in Action BNY Mellon – Optus BankīNY Mellon and Optus Bank are working together to expand Optus’s capacity, market reach, and community reinvestment opportunities while taking advantage of BNY Mellon’s breadth of products, services, and infrastructure. Please enable JavaScript to use all features. Some features of this site will not work with JavaScript disabled. ![]()
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