Products/Solutions

Lending Solutions

BBN offers an array of professional lending services to community financial institutions. Working together and never in competition, we help our clients fulfill their specific funding needs, improve profitability and maintain maximum flexibility.

As a strategic partner, BBN can help clients compete by providing solutions for:

  • GREATER PORTFOLIO DIVERSIFICATION
  • REDUCED CONCENTRATION RISK
  • ENHANCED RETURN ON ASSETS
  • LEGAL LENDING LIMIT CONSTRAINTS
  • EXCESS LOAN CAPACITY
  • ALTERNATIVE SOURCES OF LIQUIDITY

LOAN PARTICIPATIONS

BBN is an established lender that maintains a robust reciprocal network purchasing or selling loan participations.

For lenders, BBN’s quick and reliable response will meet lender time constraints and borrower needs.

For investors, BBN loan participations can put quality earning assets on your institution’s balance sheet offering higher yields than standard investments.

  • CRE
  • Construction
  • Multi-Family
  • Jumbo Mortgage
  • C&I

FED FUNDS LIQUIDITY LINES

BBN offers alternative or contingency solutions to cover cash letters, wires or simply manage unexpected changes in liquidity – secured or unsecured, one to fourteen days.

LETTERS OF CREDIT

BBN allows community financial institutions to expand their services to commercial clients.

ADVISORY SERVICES

BBN supports our clients with professional consulting services in the areas of third-party loan review, credit and regulatory management, process improvement and strategic planning.

International Services

BBN’s Fraud Detection and Asset Recovery delivers a global footprint and peace of mind for banks and credit unions. Our easy-to-use technology integrates with existing systems, is fully compliant with Dodd- Frank regulations and has embedded OFAC screening. Our dedicated team has the knowledge to provide best practice recommendations for moving funds around the world.

PROTECTING YOUR CLIENTS

To identify potential fraud, we review every wire before it’s released.

PROVEN RESULTS

  • $3 Million in fraud prevention.
  • $1 Million in fraud recovery.

EXTENSION OF YOUR STAFF

Over 35 years of combined experience with multi-lingual experts and a certified Financial Crimes Specialist.

TRUSTED PARTNER

  • Wire Transfers in more than 30 currencies
  • Settle ~ 20,000 foreign checks annually
  • 80 foreign currencies available for purchase

$134.5 Billion wires processed in 2015
$26.9 Billion in ACH Transactions
$3.0 Million in fraud prevention and detection
98% Client Retention

INTERNATIONAL WIRES
FOREIGN CHECKS
FOREIGN CURRENCIES

Treasury Management

DEPOSIT RECLASSIFICATION

Technology to maximize deposits and increase income:

Deposit reclassification software can create enhanced efficiency and an additional stream of revenue by identifying and optimizing non-earning assets. This easy to implement and easy to use technology is fully compliant with Regulation D and Federal Reserve Board requirements.

Offered in partnership.

HEDGING

Derivative strategies for interest rate and balance sheet risk management:

Hedging Essentials provides access to independent expertise and training on implementation of interest rate SWAPs and other hedging tools for risk management and optimization. Reduce accounting, operational and regulatory hurdles in a comprehensive way by employing similar strategies currently used by over 100 regional and community financial institutions across the country.

Offered in partnership.

SECURITIES SAFEKEEPING

Cost effective, customized and convenient solution:

BBN can provide customized independent investment and trust department safekeeping – all services are fully compliant with state and federal regulations.

Offered in partnership.    

ESCROW SERVICES

For de novo banks and stock conversions, BBN can serve as escrow agent and customize agreements to suit specific needs.

 

Operational Efficiencies

ACH

Automation is key to running an efficient Operations Department.

ACH File Mover: BBN will interface with online banking service providers or cash management software vendors to receive ACH origination files that have been submitted by your commercial customers. Warehousing of items is in accordance with FRB rules. Multiple file release times throughout the day to ensure same day release to the Fed.

ACH Origination File Scheduling (Calendaring):
Provides the ability to future schedule automatic file releases using pre-defined ACH templates, thereby eliminating manual intervention.

INTERNATIONAL SERVICES

In today’s global economy, international transactions are daily occurrences for many consumers and businesses. Through our vast partnership with international service providers, BBN offers secure and efficient solutions that empower clients to compete and thrive in the increasing global payments markets. In addition, our hands-on approach to fraud detection has saved clients approximately $3 million.

International Services include:

  • Wire Transfers (foreign and USD)
  • Collection Checks
  • Foreign Currency Drafts
  • Cash Letter Checks
  • Foreign Currency Purchases and Sales
  • Letters of Credit

COIN AND CURRENCY

BBN’s comprehensive coin and currency service fulfills one of the most basic day-to-day needs of community financial institutions. This value-added solution offers streamlined processing with:

  • Single point of contact at BBN
  • Multiple vault locations allow for next day delivery
  • Strategic alliance with armored carriers
    • Centralized billing and ordering
    • Negotiated discount pricing
  • Recurring order templates

SETTLEMENT SERVICES – STARS™

STARS™ is a highly secured, Internet-based communication system that enables clients to effectively administer all daily cash management, transaction processing and associated daily settlement services.

The full array of services includes:

  • International payments
  • Domestic wires
  • Cash letter clearing and settlement
  • ACH processing
  • Coin and currency fulfillment
  • Lockbox settlement

 

Advisory Services

BBN Advisory Services is staffed by seasoned professionals whose combined talent and experience can help your financial institution find resolution to your most pressing concerns.  The Advisory Services Team have both credit and strategic background.

BBN Advisory Services provide Credit Management, Strategic Planning, Process Improvement and Expert Witness services to banks and credit unions.  Services include our ability to help clients with interim, outsourced staffing.

Recognizing there is no “one size fits all” solution BBN works closely with clients to develop an appropriate, customized approach to solve their specific problem, at a reasonable cost within the scheduled deadline.

Credit Management
BBN can help your institution assess the level of potential credit risk inherent in your loan portfolio.  For credit reviews, we verify the assignment of a credit risk rating in accordance with your credit policy.  Using the criteria suggested by the principal federal regulatory agencies, BBN has developed a Credit Risk Posture model that reflects the relative effectiveness of your commercial credit risk management program.  Services include:

  • Loan Review – Annual, Semi-annual, Targeted
  • Outsourced Annual Reviews
  • ALLL Analysis and Validation
  • Policy and Procedures
  • Credit Training
  • Loan Acquisition/Sale Due Diligence
  • Loan Workouts
  • Appraisal Reviews

Strategic Planning
Our experienced team of financial service professionals support clients with annual or periodic planning programs which are based on the unique needs, goals and objectives of each institution.  Programs range from management and/or board planning retreat session to comprehensive strategic assessments.  Our strategic planning process includes:

  • Situation Assessment and Strategic Development
  • Organizational Assessment
  • Market, Competition and Branch Analysis
  • Products, Personnel, Systems, and Facilities Review
  • SWOT Analysis
  • Defined, assigned and monitored Goals and Objectives
  • BBN’s Strategic Action Matrix

Process Improvement
BBN’s process improvement projection will focus on increasing revenue and/or decreasing expenses.  Profit and growth are stimulated by customer/member loyalty and loyalty is the direct result of patron satisfaction.  BBN’s “Data Envelopment Analysis” provides a three prong framework for the strategic benchmarking of service operations by:

  • Measuring Operational Efficiency
  • Documenting the Quality Efficiency
  • Detail the Profitability Efficiency
  • Recommend Operational, Structural and/or Personnel Changes to Attain Better Profits Through Improved Processes

Expert Witness
Advisory Services Managing Director, David Brown, has testified in jurisdictions throughout the United States.  In addition to his twenty plus years of experience in banking he has a unique ability to communicate with judges and juries and explain complicated banking procedures and concepts in simplified terms.  Areas of expertise include:

  • Commercial Loan Workout
  • Lending Issues
  • Deposit and Operations Issues
  • Regulatory Compliance
  • Industry Standards