Correspondent Banking
Our experienced Correspondent Banking officers serve banks in Oklahoma, Texas, New Mexico and surrounding
states. They make loans, sell cash letters, buy and sell participations
and coordinate International, Treasury, Trust and Capital Markets
services for their financial institution customers.
Lending Services
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Term Loans - Bank stock lending to holding companies
and individual shareholders to finance expansion, acquisition,
formation and share redemption.
Liquidity Financing - Fed Funds lines established, both
secured and unsecured, for overnight liquidity needs.
Overlines - Bank of Albuquerque can expand your lending capacity by buying
loan participations in your good customers or can help your customers
with specialized financing needs.
Personal Loans - Provided for shareholders, directors,
officers and customers of financial institutions.
Credit Facilities for letter of credit issuance and confirmation.
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Cash Letters
Bank of Albuquerque provides correspondent banks with one of the most
aggressive check-clearing networks in the state. Bank of Albuquerque
makes presentments to all Federal reserve Districts as well as direct
sends to major metropolitan cities.
Benefits to Customers
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Accelerated Funds available for next day investments.
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Reduces check-clearing float
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Contact us for more information on Correspondent Banking solutions:
Michael Bickel
Senior Vice President & Manager
505-222-8423
mbickel@bankofalbuquerque.com
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