On October 3, the Independent Bankers Association of Texas (IBAT) announced that it has teamed up with Community Capital Technology Inc., a newly endorsed provider of the community banking organization, to offer IBAT Loan Marketplace, a digital platform designed to empower Texas community banks to buy, sell, participate in and originate loans more transparently and cost-effectively.
“This relationship with Community Capital—a Bankers Helping Bankers Fund (BHB Fund)-backed fintech—delivers a technology solution for community banks, providing tools and resources necessary to diversify loan portfolios and manage liquidity, all while connecting them with other financial institutions across Texas and beyond,” IBAT states in a press release announcing the new program. “The IBAT Loan Marketplace not only simplifies the process of finding counterparties, but also offers access to a diverse range of loan opportunities, enabling banks to manage risk and enhance lending capabilities through more seamless, direct transactions.”
“The IBAT Loan Marketplace is a game-changer for community banks across Texas,” says Christopher Williston, IBAT president and CEO. “By leveraging innovative technology from Community Capital, our member banks will now be able to manage their loan portfolios more effectively and unlock new opportunities for growth. We’re excited to offer access to this powerful platform, which will enhance collaboration, mitigate risk and provide better service to our Texas bank community.”
“The IBAT Loan Marketplace streamlines the loan trading process, allowing community banks to list, search and close loan transactions of types securely and efficiently,” the press release notes. “With advanced technology alongside support from experienced professionals, banks can operate more smoothly and access a broader range of opportunities and partners.”
“This platform represents a significant leap forward in how community banks do business,” says Matthew Smith, IBAT’s director of innovation initiatives. “The IBAT Loan Marketplace makes it easier for banks to access new relationships and loan opportunities, supporting their growth and long-term sustainability.”
“Community Capital already has more than 1,300 institutions on the platform, and we are excited to welcome IBAT’s membership community to join our existing network of institutions across Texas and nationwide,” says Garrett Smith, CEO of Community Capital. “This relationship is particularly meaningful because Texas and IBAT are critical champions and leaders of community banking.”
