WASHINGTON, Feb. 25 -- The American Bankers Association issued the following news release:
The American Bankers Association - through its subsidiary the Corporation for American Banking - has endorsed the balance sheet management, risk modeling and strategy implementation services offered through Sterne Agee Solutions. These services include interest rate and liquidity risk identification and modeling as well as balance sheet and income statement analyses. Sterne Agee Solutions is a wholly-owned subsidiary of Sterne Agee Group Inc., a privately-held financial holding company headquartered in Birmingham, Ala.
"Asset liability management, interest rate risk and liquidity risk are an increasing concern for our members," said John Wolff, ABA executive vice president. "Asset liability management is essential for all banks and our relationship with Sterne Agee Solutions will assist ABA members in managing market risk, strengthening their balance sheets, implementing strategies to increase shareholder value and helping them compete in their marketplace."
"We are very pleased with this endorsement from the American Bankers Association, which acknowledges the personnel and technology we have committed to these important modeling processes," said Brant McDuffie, Sterne Agee executive managing director. "Thoughtfully addressing these issues is crucial to the health and growth of banking institutions. Sterne Agee Solutions has a team of professionals with specific treasury and interest rate risk management banking experience. Our risk management models assist banks in measuring, assessing and solving today's interest rate risk and liquidity issues."
For more information about ABA and Sterne Agee Solutions, call 1-800-BANKERS or visit www.aba.com/endorsed.
About Corporation for American Banking
ABA endorsed solutions help banks make money, save money, diversify income and improve efficiency. Backed by our comprehensive due-diligence process, these select solutions are analyzed by industry experts, field-tested by bankers and meet stringent quality and customer-service standards. From compliance and insurance to payments and mortgage lending, you'll find products and services to enhance your bank's bottom line. Learn more at www.aba.com/endorsed.
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, pledging and wiring. Additionally, Sterne Agee provides equity research coverage of over 100 publicly traded bank stocks and has a seasoned investment banking team specializing in financial institutions. Sterne Agee currently has 60 offices in 19 states. For more information, visit www.sterneagee.com/solutions.
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