WASHINGTON — Business Solutions, a subsidiary of the American Bankers Association, has selected Sterne Agee Solutions to work with member banks in the areas of balance sheet and income statement analysis and interest rate risk identification. Sterne Agee Solutions is a wholly-owned subsidiary of Sterne Agee Group Inc., a privately-held financial holding company headquartered in Birmingham, Ala.
Interest rate risk is a growing concern for our members,” said William Kroll, president of Business Solutions. “Interest rate risk management is essential for all banks. Our new relationship with Sterne Agee Solutions will help ABA members manage risk, strengthen their balance sheets and implement strategies to increase each bank’s equity value.”
“We’re very excited about our strategic relationship with the American Bankers Association. We believe that our process of helping ABA members identify their individual interest rate risk and developing solutions to address the risk will continue to enable them to grow and prosper,” said Cary Cooper, Sterne Agee executive managing director.
Sterne Agee Solutions Inc. has a team of professionals with specific treasury and interest rate risk management banking experience as well as experience with depository institution regulatory supervision. Sterne Agee’s proprietary risk management models assist banks in measuring, assessing and solving for maximum profitability and minimum risk.
About Business Solutions
Business Solutions, a subsidiary of the American Bankers Association, gives community bankers access to products and services on better terms than they could get on their own. By leveraging the collective power of ABA members, we offer significant savings through competitive mortgage lending, payments, capital markets and business banking solutions. Learn more at aba.com/BusinessSolutions.
About American Bankers Association
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation’s $13 trillion banking industry and its two million employees. Learn more at aba.com.
About Sterne Agee Solutions
Sterne Agee Solutions is a wholly-owned subsidiary of Sterne Agee Group, Inc., a privately-held financial holding company headquartered in Birmingham, AL. Founded in 1901, the Sterne Agee family of companies provides investment banking, research, securities clearing, asset management, trust, and institutional and retail securities brokerage services. Among other things, Sterne Agee serves depository institutions by providing correspondent banking services, such as portfolio accounting, safekeeping and pledging and wiring. Additionally, Sterne Agee provides equity research coverage of approximately 110 publicly traded bank stocks and has a seasoned investment banking team specializing in financial institutions. Sterne Agee currently has 48 offices in 24 states. For more information, visit www.sterneagee.com/solutions
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