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Texas Southern University will debut an endowed bankers program next fall to boost commercial lending in Houston and train the next diverse generation of bankers in an industry that has largely lacked people of color.
The Future Bankers Leadership program will be the first of its kind at a historically black college in Texas.
“The goal is to educate and prepare bankers for the industry, to fill that void, and give opportunity to those new bankers to go out in their respective communities and work with those small communities who don’t know how to work with a bank,” said John Scroggins, senior vice president of commercial lending and community development at Allegiance Bank.
Scroggins, a TSU alum, said throughout his 40 years in the industry, he has also noticed the lack of Black commercial bankers. Executives would also say that they “would love more minority bankers,” he said, but they argued that they didn’t have a “pool to pull from.”
About 30 top banks are partnering with TSU’s program in the Houston area, including JP Morgan Chase & Co., Bank of America, Wells Fargo, and CitiGroup.
TSU has also launched a $10 million campaign that will help operate the first three years of the program, Funches said. The rest of the money raised will fund the endowment.
“It will live in perpetuity because we believe there will always be a need for banking for businesses,” Funches said.
The Texas Bankers Association Foundation, a charitable arm of TBA, has committed an initial $100,000 to the program, Cox said.
www.houstonchronicle.com
The Future Bankers Leadership program will be the first of its kind at a historically black college in Texas.
“The goal is to educate and prepare bankers for the industry, to fill that void, and give opportunity to those new bankers to go out in their respective communities and work with those small communities who don’t know how to work with a bank,” said John Scroggins, senior vice president of commercial lending and community development at Allegiance Bank.
Scroggins, a TSU alum, said throughout his 40 years in the industry, he has also noticed the lack of Black commercial bankers. Executives would also say that they “would love more minority bankers,” he said, but they argued that they didn’t have a “pool to pull from.”
About 30 top banks are partnering with TSU’s program in the Houston area, including JP Morgan Chase & Co., Bank of America, Wells Fargo, and CitiGroup.
TSU has also launched a $10 million campaign that will help operate the first three years of the program, Funches said. The rest of the money raised will fund the endowment.
“It will live in perpetuity because we believe there will always be a need for banking for businesses,” Funches said.
The Texas Bankers Association Foundation, a charitable arm of TBA, has committed an initial $100,000 to the program, Cox said.
Texas Southern creates program to develop tomorrow’s bankers
Texas Southern University will debut its endowed bankers program next fall to boost...
www.houstonchronicle.com
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