AFP Service Codes Accredited Provider Program
To help companies identify banks that have demonstrated a commitment to meeting their relationship management needs, AFP has developed the AFP Service Codes Accredited Provider Program. The AFP Service Codes Accredited Provider Program is designed to increase standardization in reporting bank compensation by recognizing banks that are using the AFP Service Codes© consistently with the standard.
- Enhance the understanding of account analysis statements
- Simplify and automate routine but necessary processes so treasury professionals can devote more time to effectively managing cash positions
- Improve the visibility of fees to ensure accuracy and adequate control over bank spending
- Facilitate comparison of prices and total spending on cash management services across multiple bank relationships
- Enable resource-constrained treasury staff to produce actionable analyses in minimal time
- Achieve better leverage of bank compensation to ensure access to credit and critical cash and treasury management services at competitive prices
The following banks have submitted their use of the AFP Service Codes to AFP for review and demonstrated their compliance with the standard. The accreditation is valid through the date indicated.
(Accredited through March 31, 2014)
Signature Bank (Nasdaq:SBNY), founded in 2001, is a New York-based full-service commercial bank with offices located throughout the New York metropolitan area. Signature Bank has consistently ranked among the Top 10 on Forbes’ annual Best Banks in America list, and their single-point-of-contact banking relationship model has earned them high honors for client satisfaction. The Bank serves the needs of privately owned business clients, their owners and senior managers. Signature Bank offers a wide variety of business and personal banking products and services through the Bank as well as investment, brokerage, asset management and insurance products and services through our subsidiary, Signature Securities Group Corporation, a licensed broker-dealer and investment adviser.
First Tennessee (First Horizon National bank)
(Accredited through July 31, 2013)
The 12,000 employees of First Horizon National Corp. provide financial services to individual and business customers through hundreds of offices located in more than 40 states. The corporation's three major brands -- FTN Financial, First Horizon and First Tennessee - provide customers with a broad range of products and services including capital markets, with one of the nation's top underwriters of U.S. government agency securities; mortgage banking, with one of the nation's top 15 mortgage originators and servicers, which earned a top-10 ranking in customer satisfaction from J.D. Power and Associates; and retail/commercial banking, with the largest market share in Tennessee and one of the highest customer retention rates of any bank in the country. FHN companies have been recognized as some of the nation's best employers by AARP, Working Mother, Business Week and Fortune magazines. FHN also was named one of the nation's 100 best corporate citizens by Business Ethics magazine. More information can be found at www.FirstHorizon.com.
(Accredited through July 31, 2013)
BMO Harris Bank is a financially strong and stable institution, with a customer base that continues to grow. For over 100 years, we have been working with business owners and managers of emerging, growing and established businesses, and are committed to delivering the personal service and financial expertise business leaders need to achieve success. We take an advisory approach to treasury management -an approach that has been recognized by our customers. Our clients ranked us an A+ in treasury management relationship manager overall effectiveness in both the 2010 and the 2011 Phoenix-Hecht®* Large Corporate Quality Index study*. BMO Harris Bank is an integrated financial service organization providing more than 2.5 million personal, business and corporate clients with banking, lending, investing and wealth management solutions. The organization is a member of the BMO Financial Group, which also provides corporate and investment banking services in the U.S. under the BMO Capital Markets name.
(Accredited through December 31, 2013)
One of the nation's top ten financial institutions, Capital One Financial Corporation offers a broad spectrum of financial products and services to small businesses and commercial clients across the country. Capital One N.A., headquartered in McLean, VA, has approximately 1,000 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. Capital One's Treasury Management group provides a full range of payables, receivables, liquidity management and online solutions. Our Treasury Management Advisors offer the guidance, creativity and practical recommendations needed to help clients meet their unique needs and maximize their company's working capital, and all clients benefit from Capital One's "Center of Excellence" servicing approach and streamlined on-boarding process. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.
Learn more about becoming an AFP Service Codes Accredited Provider