BNY Midwest Trust Company, a subsidiary of The Bank of New York, announced today that it has been selected to serve as an indenture trustee, transfer and paying agent and custodian for the $100,000,000 Business Loan Express Business Loan Backed Notes, Series 2002-A.
Business Loan Express is a national non-bank lender that provides small business loans to a variety of industries.
Richard Costantino, senior vice president and director of The Bank of New York’s Structured Finance Group, said, “It is a great privilege to once again service Business Loan Express. We are particularly gratified when established corporate trust clients select us for additional services, as it attests to the high-quality services that we provide to our clients in this important market.”
Ted Horan, vice president at Business Loan Express, said, “This appointment further strengthens the mutually beneficial relationship between The Bank of New York and Business Loan Express.”
The Bank of New York is a leading provider of corporate trust and agency services.
The Bank and its subsidiaries and affiliates administer a portfolio
more than 80,000 trustee and agency appointments, representing more than $1 trillion in outstanding securities for more than 30,000 clients around the world. The Bank is a recognized leader for trust services in several debt products, including mortgage-backed and asset-backed securities, corporate and municipal debt, derivative security services and international debt offerings.