CHEVY CHASE, Md.--(BUSINESS WIRE)--BancAlliance announced today that its bank members now collectively hold over $1 billion in loans made to American middle-market companies. The BancAlliance network encompasses over 200 community and regional banks, located across 41 states.
"The steady growth of loans made by community banks, through the BancAlliance network, continues to show the power of the community bank model when paired with a cooperative network structure," said Brian Graham, CEO of Alliance Partners which manages the BancAlliance network for the benefit of its member banks. "As BancAlliance members continue to use the network to satisfy the borrowing needs of American companies, the collective power of the network, and the community bank model, grows."
BancAlliance members lend to borrowers representing a wide range of industries, from manufacturing to logistics to healthcare. These borrowers collectively employ tens of thousands of people, and contribute to the economy in a wide variety of ways.
The BancAlliance network offers access to cooperative loan programs - including a commercial lending program and a recently announced consumer lending program - as well as market information and educational resources through Alliance Academy which was launched in June 2014.
About BancAlliance
BancAlliance is a collaborative network of community banks that empowers its members to compete with larger national financial institutions. BancAlliance offers an array of lending programs and business services that might not otherwise be available. The services of BancAlliance are designed to expand the impact and reach of member banks, enhancing their profitability, serving their customers in new ways, and growing and diversifying their loan portfolios. Learn more at www.bancalliance.com.
About AlliancePartners
Alliance Partners provides small- and mid-sized financial institutions with access to lending products and other services that are typically unavailable to them. With an experienced team of financial services experts and strategic partnerships with market leaders and innovators, Alliance Partners empowers its financial institution clients to deliver better experiences for their customers paired with greater efficiency, enhanced diversification and improved profitability for the client. Given the highly regulated environments in which its clients operate, Alliance Partners carefully tailors its products and services to applicable requirements and expectations and provides its clients with education and support designed to facilitate compliance. Learn more at www.alliancepartners.com.