Bank will mentor Harbor Bank of Maryland and Liberty Bank and Trust
Company as part of the Financial Agent Mentor Protégé Program, deepening
existing partnerships
NEW YORK–(BUSINESS WIRE)–JPMorgan Chase & Co. (NYSE: JPM) today announced it will work together
with Harbor Bank of Maryland and Liberty Bank and Trust Company as part
of The Financial Agent Mentor Protégé program sponsored by the U.S.
Department of the Treasury.
“The U.S. Department of the Treasury is committed to promoting inclusion
in all of its business activities. The Financial Agent Mentor Protégé
Program is an important part of this effort. We applaud industry leaders
for sharing Treasury’s commitment by working to enhance the capacity and
expertise of these historic financial institutions that have provided
banking services in their respective communities for generations,” said
Dr. Lorraine Cole, Director, Office of Minority and Women Inclusion,
U.S. Department of the Treasury.
The mentor program brings together large banks that currently serve as
Financial Agents to Treasury (as mentors) and small, highly capable
banks (as protégés) to expand the options Treasury has to execute
programs. Mentors foster learning and development to help prepare the
new generation of financial institutions succeed in responding to the
dynamic and diverse requirements needed when working with Treasury.
JPMorgan Chase has a close working relationship with both Harbor Bank of
Maryland and Liberty Bank and Trust, two regional black-owned banks, as
part of the Entrepreneurs
of Color Fund in Detroit and the Greater Washington, D.C. region.
JPMorgan Chase also announced Advancing
Black Pathways earlier this year, furthering the firm’s commitment
to expanding economic opportunity for Black Americans and creating new
opportunities in the areas of education, careers and wealth.
“We’re excited about the opportunity to help black-owned community banks
expand their capabilities through this program,” said Eva Robinson, Head
of Treasury Services Public Sector Sales for North America, J.P. Morgan.
“This initiative is consistent with our efforts to help consumers and
entrepreneurs of color get better access to credit and working capital,
and ultimately ignite wealth creation in low- and middle-income
communities.”
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services
firm with assets of $2.7 trillion and operations worldwide. The Firm is
a leader in investment banking, financial services for consumers and
small businesses, commercial banking, financial transaction processing,
and asset management. A component of the Dow Jones Industrial Average,
JPMorgan Chase & Co. serves millions of customers in the United States
and many of the world’s most prominent corporate, institutional and
government clients under its J.P. Morgan and Chase brands. Information
about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Contacts
Media contact: Jessica Francisco, 212-270-1719, [email protected]
