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The American Financial Exchange (AFX), an electronic exchange for direct unsecured lending and borrowing for American banks and financial institutions, is pleased to announce that HTLF has joined the AFX. HTLF’s 11 member banks increase AFX Membership to 242.
HTLF has approximately $20 billion in assets, and is currently comprised of 11 separate legal entities:
- Arizona Bank & Trust (AB&T)
- Bank of Blue Valley (BBV)
- Dubuque Bank & Trust (DB&T)
- First Bank & Trust (FB&T)
- HTLF Bank (HTLFB)
- Illinois Bank & Trust (IB&T)
- Minnesota Bank & Trust
- New Mexico Bank & Trust (NMB&T)
- Premier Valley Bank (PVB)
- Rocky Mountain Bank (RMB)
- Wisconsin Bank & Trust (WB&T)
HTLF has a broad geographical footprint with member banks in the following 12 states: Arizona, California, Colorado, Illinois, Iowa, Kansas, Missouri, Minnesota, Montana, New Mexico, Texas, and Wisconsin.
Dr. Richard L. Sandor, Founder, Chairman and CEO of AFX said, “We welcome HTLF to AFX. They are emblematic of AFX’s strength among mid-sized and community banks with a multistate presence. We are confident they will be a meaningful participant in our markets.”
Mark Ellis, Treasury Liquidity Manager of HTLF said, “HTLF is delighted to join the American Financial Exchange. AFX provides an excellent borrowing and lending platform for our unsecured funding needs.”
Currently the AFX has 242 members across the U.S. including 197 banks (and more than 1,000 downstream correspondent banks). The AFX bank members represent over $5.3 trillion in bank assets (approximately 25% of total U.S. bank assets). There are also 45 non-banks comprised of insurance companies, broker-dealers, private equity firms, hedge funds, futures commission merchants, and asset managers. For more information about AFX or AMERIBOR, visit www.ameribor.net.
