JPMorgan Chase Participates in Protégé Program Sponsored by U.S. Department of the Treasury
April 29 2019 - 4:30PM
Business Wire
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
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190429005784/en/
Media contact: Jessica Francisco, 212-270-1719,
jessica.francisco@jpmorgan.com
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