BHI, a full-service commercial bank, announced that it has launched a new Not-For-Profit division providing customized financial solutions to nonprofits including educational, healthcare, cultural and performing arts, social services, community, and membership organizations. The division is headed by Andrea S. Kantor, a veteran career banker with 25 years of experience, who joined BHI in 2019.
For more than a decade, Kantor has served in leadership roles focused on providing banking and financing solutions for nonprofits, and she has worked closely with senior management on philanthropic priorities. She has also been an active volunteer and board member.
“Not-for-profit organizations are the engine driving our communities and are especially critical to recovery efforts now, as we move toward the period beyond the pandemic. I am excited to deliver BHI’s value-added solutions so that nonprofit leaders can focus on their vital core mission,” Kantor said.
BHI’s expanded Not-For-Profit capabilities include dedicated, experienced bankers, a local service team, competitive deposit rates, and smooth on-boarding and execution, she said. Comprehensive banking solutions encompass receivables and payables with fraud prevention measures, liquidity solutions, card solutions, and financing for working capital and longer-term needs, as well as online banking with a mobile app. BHI also provides foreign exchange and risk management services.
“BHI’s new Not-For-Profit group marks the ongoing expansion of our specialized industry coverage. The bank continues to grow in strategic sectors that we believe hold great potential and where we can provide customized personal service and competitive solutions,” said John Yoler, BHI Executive Vice President and Division Executive.
About BHI (www.bhiusa.com)
BHI, the U.S division of Bank Hapoalim, Israel’s leading financial institution, provides commercial banking solutions to middle market clients in sectors including commercial real estate, C&I, food and beverage, entertainment, apparel, healthcare and high-tech. In addition to its New York headquarters, the bank operates U.S. Representative Offices in Woodcliff Lake, New Jersey; Miami, Florida; and Los Angeles, California.
