Export-Import Bank of the United State (Ex-Im Bank), the official export credit agency of the country, is proud to announce that Amegy Bank, N.A. (Amegy Bank) has received the Small Business Lender of the Year award. The award was presented at the Bank’s 39th Annual Conference in Washington, D.C.
Amegy Bank is based in Houston, Texas and has consistently been among Ex-Im Bank’s most outstanding lending partners in the Working Capital Program by promoting guarantees and short-term insurance to qualified small businesses. In FY 2013, the Bank achieved a milestone by reaching more than $100 million in authorizations, 76% of which were small business transactions. From 2010 to 2013, Amegy Bank has closed 66 working capital guarantees, totaling more than $282.9 million. Of that total, $200 million has supported small business export sales.
Ex-Im Bank focuses on providing American small businesses with financing they need to succeed. In a statement, Ex-Im Bank Chairman and President Fred P. Hochberg said, “Amegy Bank’s strong support of U.S. exports demonstrates our shared commitment to making sure the backbone of our economy – American small businesses – can compete in the global economy and create jobs here at home.”
Amegy Bank has been participating in the Ex-Im Bank’s Working Capital Program for 20 years. T.J. Raguso, Executive Vice President of the International Division at Amegy Bank, said the Bank relies heavily on the program to deliver the needed export financing of their small business customers. He added, “The program helps our customers compete globally and grow revenue.”
About Amegy Bank
Founded in 1990, Amegy Bank operates in Houston, Texas and currently employs about 2,000 employees. It has $50 million in assets in addition to $11 billion in assets under management. It specializes in banking privately owned businesses of all sizes and public companies in all industries with additional expertise in real estate, energy, and correspondent banking. To learn more, go to the Bank’s website at www.amegybank.com.