NBA’s Corporate Advisory Group Promotes Business Relationships with Fortune 500 Firms

The NBA has partnered successfully with Treasury representatives of Fortune 500 corporations to promote minority banking programs within their firms. Currently, more than 200 of the Fortune 500 companies conduct business with NBA member banks. These relationships have generated more than $630 million in lines of credit and $10.3 billion in non-credit services over the years. Services offered by NBA member banks to these corporations include:

• Vendor Financing
• Cash Management Services
• Corporate Trust Accounts
• Sweep Accounts
• Certificates of Deposit
• Lines of Credit
• Business Credit Cards
• Lock Boxes
• Commercial Checking
• Commercial Money Market
• Commercial Loans
• Payroll

The NBA’s success in partnering with corporate America spurred the creation of a Corporate Advisory Group (CAG) and smaller leadership team, the Corporate Advisory Board (CAB). Members of CAG and CAB promote doing business with minority- and women-owned banks by conducting briefings with other corporations interested in establishing  relationships with MWOBs.