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TEXAS BANKING NEWS, PEOPLE AND IDEAS

  • Home
  • Texas Bankers
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TEXAS BANKING NEWS, PEOPLE AND IDEAS

News

Amegy Bank’s Special Purpose Credit Program a Case Study in American Bankers Association’s Campaign

March 16, 2023

On February 21, the American Bankers Association (ABA) launched an online resource focused on special purpose credit programs (SPCPs), highlighting Houston-based Amegy Bank’s Small Business Diversity Banking Program (SBDBP) as the SPCP benchmark for banks across the nation. ABA’s webpage outlines how SPCPs work and includes a checklist for banks to follow when developing models of their own.

Amegy Bank’s executive vice president and regional commercial banking manager, Jevaughn Sterling, led the creation of the bank’s SBDBP in May 2021. It has been instrumental in meeting the financial needs and improving access to capital for diverse small businesses across the bank’s markets.

“As an immigrant from the Caribbean, I work passionately in the financial services industry to ensure that the traditional banking system works for everyone,” Sterling says. “I believe our ability to help more businesses participate in the mainstream banking system can address our most pressing economic and social challenges. Through ABA, we’re proud to share the inner workings of our own special purpose credit program as a case study from which other banks can determine how to progress in addressing underserved communities’ needs for capital.”

With Amegy Bank’s SBDBP as the leading case study, ABA launched this online resource center to bolster awareness of SPCPs among banks and other industry stakeholders, and to share technical insights to support successful SPCP implementation, specially designed for small businesses.

“SPCPs have been permitted by federal financial regulators for more than 40 years under the Equal Credit Opportunity Act and are available for all types of credit products,” according to ABA’s recent press release. “These programs are allowed to consider credit applicants favorably based on factors such as race, ethnicity or religion.”

Established in 1990, Amegy Bank, a division of Zions Bancorporation NA, has more than 75 locations across Houston, Dallas/Fort Worth and Central Texas.

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About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to contact the editorial department.

News

Amegy Bank’s Special Purpose Credit Program a Case Study in American Bankers Association’s Campaign

March 16, 2023

On February 21, the American Bankers Association (ABA) launched an online resource focused on special purpose credit programs (SPCPs), highlighting Houston-based Amegy Bank’s Small Business Diversity Banking Program (SBDBP) as the SPCP benchmark for banks across the nation. ABA’s webpage outlines how SPCPs work and includes a checklist for banks to follow when developing models of their own.

Amegy Bank’s executive vice president and regional commercial banking manager, Jevaughn Sterling, led the creation of the bank’s SBDBP in May 2021. It has been instrumental in meeting the financial needs and improving access to capital for diverse small businesses across the bank’s markets.

“As an immigrant from the Caribbean, I work passionately in the financial services industry to ensure that the traditional banking system works for everyone,” Sterling says. “I believe our ability to help more businesses participate in the mainstream banking system can address our most pressing economic and social challenges. Through ABA, we’re proud to share the inner workings of our own special purpose credit program as a case study from which other banks can determine how to progress in addressing underserved communities’ needs for capital.”

With Amegy Bank’s SBDBP as the leading case study, ABA launched this online resource center to bolster awareness of SPCPs among banks and other industry stakeholders, and to share technical insights to support successful SPCP implementation, specially designed for small businesses.

“SPCPs have been permitted by federal financial regulators for more than 40 years under the Equal Credit Opportunity Act and are available for all types of credit products,” according to ABA’s recent press release. “These programs are allowed to consider credit applicants favorably based on factors such as race, ethnicity or religion.”

Established in 1990, Amegy Bank, a division of Zions Bancorporation NA, has more than 75 locations across Houston, Dallas/Fort Worth and Central Texas.

SHARE THIS FEATURE:

Previous Texas Capital Bank Names Rosenberg Managing Director of Texas Capital Securities Next Delaware-based PNC Hires Texas Bankers for Central Texas Market

MORE News

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East Texas Bancshares Proposes Merger of First NationaI Bank of Jasper and First State Bank of Livingston

Southside Bank Celebrates Completion of Lufkin Branch Remodel

Frost Bank Again Receives High Number of Greenwich Excellence and Best Brand Awards  

Southwestern Graduate School of Banking Outlines 2023 Leadership Development Session

1 2 … 5 Next >

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

Search

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

News

Amegy Bank’s Special Purpose Credit Program a Case Study in American Bankers Association’s Campaign

March 16, 2023

On February 21, the American Bankers Association (ABA) launched an online resource focused on special purpose credit programs (SPCPs), highlighting Houston-based Amegy Bank’s Small Business Diversity Banking Program (SBDBP) as the SPCP benchmark for banks across the nation. ABA’s webpage outlines how SPCPs work and includes a checklist for banks to follow when developing models of their own.

Amegy Bank’s executive vice president and regional commercial banking manager, Jevaughn Sterling, led the creation of the bank’s SBDBP in May 2021. It has been instrumental in meeting the financial needs and improving access to capital for diverse small businesses across the bank’s markets.

“As an immigrant from the Caribbean, I work passionately in the financial services industry to ensure that the traditional banking system works for everyone,” Sterling says. “I believe our ability to help more businesses participate in the mainstream banking system can address our most pressing economic and social challenges. Through ABA, we’re proud to share the inner workings of our own special purpose credit program as a case study from which other banks can determine how to progress in addressing underserved communities’ needs for capital.”

With Amegy Bank’s SBDBP as the leading case study, ABA launched this online resource center to bolster awareness of SPCPs among banks and other industry stakeholders, and to share technical insights to support successful SPCP implementation, specially designed for small businesses.

“SPCPs have been permitted by federal financial regulators for more than 40 years under the Equal Credit Opportunity Act and are available for all types of credit products,” according to ABA’s recent press release. “These programs are allowed to consider credit applicants favorably based on factors such as race, ethnicity or religion.”

Established in 1990, Amegy Bank, a division of Zions Bancorporation NA, has more than 75 locations across Houston, Dallas/Fort Worth and Central Texas.

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East Texas Bancshares Proposes Merger of First NationaI Bank of Jasper and First State Bank of Livingston

Southside Bank Celebrates Completion of Lufkin Branch Remodel

Frost Bank Again Receives High Number of Greenwich Excellence and Best Brand Awards  

Southwestern Graduate School of Banking Outlines 2023 Leadership Development Session

1 2 … 5 Next >

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

Search

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

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© 2022 Bankers Digest—Published by IBAT Marketing Inc.
a SUBSIDIARY of the Independent Bankers Association of Texas

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a SUBSIDIARY of the Independent Bankers Association of Texas

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© 2022 Bankers Digest—
Published by IBAT Marketing Inc.,
a SUBSIDIARY of the Independent Bankers Association of Texas