BHI launched a new not-for-profit division, which will provide financial solutions to nonprofits, including educational, healthcare, cultural and performing arts, social services, community, and membership organizations. Andrea S. Kantor, a banker with 25 years of experience, will lead the new division.
For more than a decade, Kantor, who joined BHI in 2019, 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 also has 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,” Kantor said. “I am excited to deliver BHI’s value-added solutions so that nonprofit leaders can focus on their vital core mission.”
BHI’s expanded not-for-profit capabilities include dedicated bankers, a local service team, competitive deposit rates, and smooth on-boarding and execution, Kantor said. BHI’s 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,” John Yoler, executive vice president and division executive for BHI, said. “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.”