National Bank of Commerce Launches Hedging with Derivative Path

National Bank of Commerce and Derivative Path, Inc. have teamed up to offer interest rate hedging products to commercial borrowers of National Bank of Commerce.  The bank, with $1.75 billion in assets and operations in Alabama, Florida, and Georgia, is a wholly owned subsidiary of National Commerce Corporation (NASDAQ: NCOM).

“As we reviewed options to allow us to provide our customer base with interest rate protection products, it became clear to us that Derivative Path would be an excellent partner,” said William E. Matthews, V, Vice Chairman and Chief Financial Officer of NBC.  “It was critical that we select an advisor with a full array of products, a powerful technology platform, and a wealth of experience,” continued Matthews.  “With Derivative Path and its DerivativeEDGE technology platform, we are confident in our ability to offer our commercial borrowers outstanding interest rate protection products.”

As part of its relationship with NBC, Derivative Path helped with policies and training, and its technology platform is customized to manage the trades efficiently.

Read the full press release here