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.
The AFP Service Codes Accredited Provider Program has selected Redbridge Debt & Treasury Advisory to Lead AFP Service Code Accreditations in the US and abroad.
Benefits of Banking with an AFP Service Codes Accredited Provider
- 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.
People's United Bank, N.A.(Accredited since September of 2015)
People's United Bank, N.A. is a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), a diversified financial services company with over $37 billion in assets. People’s United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of nearly 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine. With over 5,000 employees People’s United Bank focuses on providing an extraordinary customer experience through a network of branches located in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine. In addition, seven-day banking is available at more than 140 convenient People’s United Bank Stop & Shop locations in Connecticut and New York. The bank’s story reflects not only its history, but also its fundamental principles. At People’s United Bank, we believe that, by offering empathy and expertise to our customers, giving back as partners in our communities, and valuing the know-how of our employees, we all succeed together. For more information about People’s United Bank, visit the Website at www.peoples.com
Wintrust Financial(Accredited since June of 2014)
Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois, with more than $18 billion in total assets and over 125 banking locations serving Northern Illinois and Southern Wisconsin. The company, founded in 1991, is the premier local provider of robust treasury management solutions and commercial lending options. Wintrust allows you to truly Have It All®: The service of a community bank (that you should expect from your company’s banking relationship) with the products and resources of a big bank.
Hancock Holding Company(Accredited since November of 2013)
Helping create opportunities for consumers, businesses, and communities across a five-state Gulf South footprint, Hancock Holding Company (Nasdaq: HBHC) operates Hancock Bank in Mississippi, Alabama, and Florida and Whitney Bank in Louisiana and Texas. The company’s comprehensive regional network of financial services includes traditional and online banking; commercial and energy banking; small business banking; trust and investments; corporate trust services; insurance; private banking; and mortgage services. Both founded more than a century ago to help people achieve their financial goals and dreams, Hancock Bank and Whitney Bank consistently rank among America’s strongest, safest financial institutions, according to BauerFinancial, Inc. More information and online banking services are available at www.hancockbank.com or www.whitneybank.com.
City National Bank(Accredited since April of 2013)
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE: CYN). It is backed by $27.4 billion in total assets, and provides banking, investment and trust services through 78 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. The company and its investment affiliates manage or administer $59.1 billion in client investment assets, including $40.6 billion under direct management. For eight consecutive years, City National has been recognized by Greenwich Associates, including 2012 National and Regional Awards for Treasury Management Overall Satisfaction as well as an award for Treasury Management Customer Service. For more information about City National, visit the company’s Website at www.cnb.com.
Signature Bank(Accredited since July of 2012)
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.
Capital One(Accredited since January of 2012)
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.
BMO Harris(Accredited since April of 2009)
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.
Learn more about becoming an AFP Service Codes Accredited Provider