The American Bankers Association – through its subsidiary the Corporation for American Banking – has endorsed the municipal credit review & monitoring platform of FTN Financial Capital Markets, a leading industry provider of financial management solutions.
“As the banking industry addresses the new regulatory requirements regarding the pre-purchase analysis and ongoing credit monitoring of municipal bonds held in their portfolios, our Council identified a need to support banks with specific municipal credit expertise,” said Bryan Luke, chairman of ABA’s Endorsed Solutions Banker Advisory Council. “ABA selected FTN Financial, whose proprietary screening system assists banks in monitoring the overall credit exposure in their municipal portfolios and in meeting regulatory requirements.” Luke is also president and COO of Hawaii National Bank in Honolulu.
“Municipals are a critical part of the investment portfolio for thousands of banks. And, most banks have dozens if not hundreds of line items to monitor for credit developments. Those volumes require a comprehensive, systematic approach that applies the specialized analysis needed by each type of municipal security,” said Michael Kisber, president of FTN Financial. “True to our culture of customer service, we focused on developing a tool to satisfy this need. We are honored to have been selected as the premier source of support for banks across the U.S. as they monitor their holdings and review new purchases.”
Selecting FTN Financial for this exclusive endorsement follows a comprehensive due-diligence process, as well as a rigorous review by industry experts to ensure stringent customer-service standards. To earn the endorsement, FTN Financial was required to meet ABA’s quality standards and satisfy key criteria, including the company’s management strength, sound risk management and security practices, and superior customer support.
For more information on this and more ABA endorsed solutions, visit www.aba.com/endorsed or call 1-800-BANKERS.